Previous Trading Days Events 08.07.2024

Winners vs Losers

USDCHF climbed to the top as the USD stabilised from weakening and the CHF started to lose ground. JPY pairs JPY as Quote reached the top again as the JPY experienced some weakening against other currencies. Silver still thrives this month with 6.5 gains.

News Reports Monitor Previous Trading Day 08.07.2024

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Midnight Night Session Asian

No important news announcements, no important scheduled releases.

Morning Day Session European and N. American Session

No important news announcements, no important scheduled releases.

General Verdict

High volatility and activity in FX. The USD somehow recovered from the NFP and stabilised. The dollar index moved mainly while being above the 30period MA.
Gold plunged and retraced the same day.
Crude oil experienced a more steady downward movement with a more volatile sideways path when it approached the end of the session.
U.S. indices are experiencing strong volatility. Dow Jones is moving mainly sideways but it experiences intraday shocks, while the others are on an uptrend.

FOREX MARKETS MONITOR

EURUSD 08.07.2024 15m Chart Summary

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Price Movement

The pair moved roughly sideways but with high volatility. There was no doubt that activity in the market was at a high level, however, uncertainty about the future value of currencies eventually led to a sideways 30period MA and…