Previous Trading Days Events 08.05.2024

Winners vs Losers

Silver XAGUSD is on top of the weeks list and month with a 4.16 weekly performance which is followed by the JPY pairs. Two possible interventions took place last week, Monday and Thursday, causing JPY strengthening and bringing down the pairs JPY as Quote. Since the 3rd of May, the pairs have been moving on an uptrend again.

News Reports Monitor Previous Trading Day 08.05.2024

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Midnight Night Session Asian

No important news announcements, no special scheduled releases.

Morning Day Session European and N. American Session

No important news announcements, no special scheduled releases.

General Verdict

Low volatility in FX. Sideways movement for the dollar index.
Gold was entering a consolidation phase.
Crude oil saw a rise.
U.S. indices experienced a slowdown and possible turn to the downside.

FOREX MARKETS MONITOR

EURUSD 08.05.2024 15m Chart Summary

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Price Movement

The pair was moving with low volatility around the 30period MA. There was an absence of special scheduled releases so the pair was not experiencing any significant deviation from the MA. The U.S. dollar was driving the path mostly sideways.

CRYPTO  MARKETS MONITOR

BTCUSD Bitcoin Chart Summary 1H

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Price Movement

Bitcoin remained below 65.5K USD these past days and does not show any significant signs of moving…