Previous Trading Days Events 13.05.2024

Winners vs Losers

Silver is on the top of the winners list with 0.98 gains. It leads this month as well with 7.92 gains. JPY pairs JPY as quote are following since JPY weakens further and quite significantly raising the chances of another intervention.

News Reports Monitor Previous Trading Day 13.05.2024

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Midnight Night Session Asian

At 600 the New Zealand expectations for oneyearahead annual inflation decreased 49 basis points from 3.22 to 2.73. Twoyear ahead inflation expectations decreased from 2.50 to 2.33. This fall in inflation expectations caused the NZD to depreciate. The NZDUSD dropped near 14 pips upon release before eventually retracing to the intraday mean.

Morning Day Session European and N. American Session

No important news announcements, no special scheduled releases.

General Verdict

Low volatility for now. Monday mood. The dollar index closed slightly lower. The JPY is still weakening.
Gold experienced a steady downward movement.
Crude oil moved to the upside heavily, correcting from the previous days drop.
U.S. indices experienced moderate volatility but remained roughly at the same levels eventually.

FOREX MARKETS MONITOR

EURUSD 13.05.2024 15m Chart Summary

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Price Movement

Since there was an absence of significant special releases, volatility was not high. However, there was a significant intraday deviation…