Previous Trading Days Events 22.07.2024

Winners vs Losers

USDCAD remains on the top for this week with 0.4 gains. Gold this month is leading with 2.94 gains. The USD remains barely affected in the last couple of days.

News Reports Monitor Previous Trading Day 22.07.2024

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Weekend

U.S. President Joe Biden abandoned his reelection bid on Sunday under growing pressure from his fellow Democrats and endorsed Vice President Kamala Harris as the partys candidate to face Republican Donald Trump in the November election.

Source

httpswww.reuters.comworldusbiden81pullsoutpresidentialrace20240721

Midnight Night Session Asian

Chinas Central Bank cut its key shortterm policy rate for the first time in almost a year, stepping up support for the economy after growth disappointed and steering a shift toward a new policy benchmark.

Source httpswww.bnnbloomberg.cabusinessinternational20240722chinesecentralbankcutskeyshorttermratetobuoyeconomy

Morning Day Session European and N. American Session

No important scheduled releases.

General Verdict

Moderate volatility in the FX market. The USD was affected early but no big moves. The dollar index moved sideways with low volatility.
Gold moved lower instead of retracing from the drop.
Crude oil dropped steadily after the consolidation breakout.
U.S. indices closed higher after experiencing high volatility.

FOREX MARKETS MONITOR

EURUSD 22.07.2024 15m Chart Summary

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