Previous Trading Days Events 27.05.2024

Winners vs Losers

Silver remains high for the week and leads for this week with 3.39 gains. Gold moves away towards the bottom as it marks losses. The U.S. dollar starts to weaken significantly causing the USD pairs USD as Quote currency to remain high on the list.

News Reports Monitor Previous Trading Day 27.05.2024

Server Time Timezone EEST UTC 0300

Midnight Night Session Asian

The Bank of Japan BOJ will proceed cautiously with inflationtargeting frameworks, according to Governor Kazuo Ueda, noting that some challenges are uniquely difficult for Japan after years of ultraeasy monetary policy. Ueda said Japan has made progress in moving away from zero and lifting inflation expectations. To achieve 2 inflation in a sustainable and stable manner, the BOJ will proceed cautiously, as do other central banks with inflationtargeting frameworks, he said.

Morning Day Session European and N. American Session

Memorial Day and Spring Bank Holiday UK and US shares closed today.

German business morale stagnated in May, missing forecasts, putting a stop to three consecutive months of increases. The Ifo Institute said its business climate index remained constant in May at 89.3, compared with a reading of 90.4 forecast by analysts. No major impact was recorded in the market at the time of the release.

General Verdict

Monday mood. Low volatility. Holidays. The U.S. dollar experienced high volatility and moved lower….