Previous Trading Days Events 30.08.2024

Australia Retail Sales July retail sales flat, missing the 0.3 forecast. Household goods and other retailing unchanged; food up 0.2, clothing down 0.5, cafes down for the third month.

Euro Area Inflation Rate August inflation drops to 2.2, aligning with ECBs 2 target and marking the lowest increase since July 2021.

Canada Monthly GDP July GDP flat; finance and retail gains offset by declines in construction and mining. June GDP revised to no growth.

US Core PCE Price Index July core PCE up 0.2, matching Junes increase and market expectations.

Winners Vs Losers In The Forex Market

On August 30, 2024, USDJPY led gains with a 0.82 move and 119.4 pips, while AUDUSD lagged, falling 0.49 and losing 33.6 pips in the forex market.

News Reports Monitor Previous Trading Day 30.08.2024

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Tokyo Session

Australia Retail Sales Bearish AUD and flat July sales, missing the 0.3 forecast.

London Session

Euro Area Inflation Rate Bullish EUR; August inflation at 2.2, aligning with ECBs target.

New York Session

Canada Monthly GDP Bullish CAD; July GDP flat, offsetting sector declines.

US Core PCE Price Index Bearish USD; July core PCE up 0.2, in line with expectations.

General Verdict  

Overall, the sessions showed mixed results AUD and USD weakened, while EUR and CAD strengthened.

FOREX MARKET MONITOR

EURUSD 30.08.2024 15m Chart Summary

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Price Movements…