Previous Trading Days Events 09.07.2024

Winners vs Losers

EURJPY leads as JPY pairs climb to the top of the weeks gainers list. It seems that JPY is weakening again. Silver remains the months top winner with 6.52 gains so far.

News Reports Monitor Previous Trading Day 09.07.2024

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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.

Feds Powell highlights A slowing job market signalling that rate cuts may take place soon. Inflation has eased notably in the past two years, he added, though it still remains above the central banks 2 target.

General Verdict

Low volatility in the FX market. The USD saw steady appreciation.
Gold moved sideways with high volatility.
Crude oil moved to the downside.
U.S. indices remained on the same levels despite the spark in volatility after the stock market opening yesterday.

FOREX MARKETS MONITOR

EURUSD 09.07.2024 15m Chart Summary

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Price Movement

The pair moved steadily to the downside since the USD experienced a steady appreciation. During Powells speech volatility levels grew but no major impact was recorded. The pair continued with the intraday downtrend until the end of the trading day.

CRYPTO  MARKETS MONITOR

BTCUSD Bitcoin Chart Summary 1H

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