Previous Trading Days Events 23.07.2024

Winners vs Losers

XAUUSD reached the top of the weeks list with 0.6 gains. It also leads for the month with 3.87 gains. The U.S. Dollar is also gaining ground while the JPY has experienced massive strengthening since the 11th of July. 

News Reports Monitor Previous Trading Day 23.07.2024

Server Time Timezone EEST UTC 0300

Midnight Night Session Asian

No significant news announcements, no special scheduled releases. 

Morning Day Session European and N. American Session

Existing Home Sales were reported lower, they slipped 5.4 in June. The Richmond Manufacturing Index showed a morethanexpected decline in July. No major impact was recorded in the market.

General Verdict

No major volatility for the dollar index. It moved higher as the USD depreciated against other currencies.
Gold closed higher, a path part of a broader retracement.
Crude oil moved lower after it broke another support and retraced.
U.S. indices moved sideways with high volatility.

FOREX MARKETS MONITOR

EURUSD 22.07.2024 15m Chart Summary

Server Time Timezone EEST UTC 0300

Price Movement

There was an absence of significant scheduled releases, however, the pair moved to the downside during the start of the European session and moved steadily downwards following the USD depreciation. It eventually found support at near 1.08440 before retracing a bit and moving sideways until the end of the trading day. This drop was strong enough to…