Previous Trading Days Events 20.05.2024

Winners vs Losers

USDJPY steps up to the top of the winners list with 0.31 gains followed by EURJPY giving a hint that the JPY started to depreciate heavily. The dollar has also indeed strengthened. Silver remains at the top of the months list with nearly 19.5 gains.

News Reports Monitor Previous Trading Day 18.05.2024

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Midnight Night Session Asian

No major news announcements, no major figure releases.

Morning Day Session European and N. American Session

No major news announcements, no major figure releases. During the third Conference on the International Roles of the U.S. Dollar Feds Waller did not comment on the monetary policy or the economic outlook.

General Verdict

Monday mood, low volatility in the FX market. Public holidays. The dollar index closed slightly higher overall.
Gold moved to the downside after reaching a peak at 2,450 USDoz.
Crude oil lower.
Mixed data for U.S. Indices. NAS100 jumped and closed higher while the SPX500 closed flat after a volatile session. Dow Jones dropped.

FOREX MARKETS MONITOR

EURUSD 20.05.2024 15m Chart Summary

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Price Movement

EURUSD moved significantly after the start of the European session, crossing the 30period MA on its way down and moving steadily until the support level near 1.08540. That was obviously the result of dollar appreciation. With volatility levels remaining low and the…