Previous Trading Days Events 17.06.2024

Winners vs Losers

JPY pairs have reached the top with EURJPY leading, having gains of 0.52 this week. USDCAd leads this month with 0.91 gains. JPY is actually losing more ground.

News Reports Monitor Previous Trading Day 17.06.2024

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Midnight Night Session Asian

China in May managed to beat retail sales expectations, but industrial output and fixed asset investment were missed. The Industrial Production figure was reported as lower than expected. Retail sales were reported higher, up to 3.70 versus the previous 2.3 growth. No major impact was recorded in the market.

Morning Day Session European and N. American Session

The Empire State Manufacturing Index figure was released at 1530 showing improvement but still negative. There was no special impact on the market upon release. The dollar however started to depreciate steadily after the start of the N.American session.

General Verdict

Absence of major releases, no major volatility in FX. The USD slightly weakened. 
Gold moved lower.
Crude oil climbed.
U.S. stocks jumped yesterday after the exchange opening.

FOREX MARKETS MONITOR

EURUSD 17.06.2024 15m Chart Summary

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Price Movement

The pair was facing low volatility, moving around the 30period MA during the Asian session. After the start of the European session volatility levels started rising and the EURUSD started to move upwards…