Previous Trading Days Events 25.07.2024

Winners vs Losers

USDCAD remains on the top of the weeks list with 0.72 gains. The EURGBP follows as the EUR gains ground against the GBP and the USD. The USD has remained stable yesterday. Gold leads this month with 1.86 gains so far.

News Reports Monitor Previous Trading Day 25.07.2024

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

The U.S. Advance GDP growth for the second quarter was reported at 2.8, which is higher than expected. Core durable goods grew by 0.50 while the regular durable goods figure experienced a surprisingly huge decline of 6.6 beating expectations of an increase instead of 0.3. Unemployment claims were reported lower, at 235K, but remained high, near the expected figure. The impact in the market could have been better at that time, at 1530 when all figures were released.

General Verdict

Moderate volatility in the FX market. The U.S. dollar index moved sideways with low volatility. The U.S. news at 1530 had no major impact. The EUR gained significant ground against the GBP and USD.
Gold moved lower with stability.
Crude oil closed higher despite the early drop.
U.S. indices moved lower steadily but after the stock exchange opened they jumped and, before the trading day ended, they experienced a huge drop. 

FOREX MARKETS MONITOR

EURUSD…