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MARKET PREVIEW

AUD/CHF up 1.70%, EUR/AUD down 1.13%, CAD Unemployment Rate at 6.4% forecast

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Two businessman working in office together, pointing at screen, discussion and checking global currency index on fund exchange

Previous Trading Day’s Events (08.08.2024)

New Zealand Business 2-Year Inflation Expectations: Reduced to 2.03% from 2.33%.

United States Initial Jobless Claims: Decreased by 17K to 230K, under the 240K forecast.

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Winners Vs. Losers

On August 8, 2024, AUD/CHF led gains with a +1.70% move and +95.5 pips, while EUR/AUD lagged, losing -1.13% and -118.5 pips.

News Reports Monitor – Previous Trading Day (08.08.2024)

Server Time / Timezone EEST (UTC+03:00)

  • Tokyo Session: NZ 2-year inflation expectations dropped to 2.03% from 2.33%. There was a bullish impact at 3 AM GMT when the news was released.
  • London Session: No significant news.

  • New York Session: US initial jobless claims fell by 17K to 230K, below the 240K forecast. Bullish impact at 3:30 PM GMT when the news was released.

    • General Verdict 

  • NZ inflation expectations declined, which supported the bullish sentiment in Tokyo.
  • No notable news during the London session.
  • US jobless claims drop boosted market optimism in New York.

    • ______________________________________________________________

    FOREX MARKETS MONITOR

    EURUSD (08.08.2024) 15m Chart Summary

    Server Time / Timezone EEST (UTC+03:00)

    Price Movement 

    EUR/USD showed a bearish trend, opening at 1.09210, closing at 1.09167, with a high of 1.09458 and a low of 1.08800.

    CRYPTO MARKETS MONITOR

    BTCUSD (08.08.2024) 15m Chart Summary

    Server Time / Timezone EEST (UTC+03:00)

    Price Movement 

    BTC/USD showed a bullish trend, opening at $55,124.27, and closing at $59,508.70, with highs of $59,968.69 and lows of $54,555.92.

    STOCKS MARKETS MONITOR

    NVIDIA (08.08.2024) 15m Chart Summary

    Server Time / Timezone EEST (UTC+03:00)

    Price Movement 

    NVDA showed a bullish trend, opening at $100.95, and closing at $104.99, with a high of $105.60 and a low of $97.34.

    EQUITY MARKETS MONITOR

    S&P500 (08.08.2024) 15m Chart Summary

    Server Time / Timezone EEST (UTC+03:00)

    Price Movement 

    The S&P 500 displayed a bullish trend, opening at $5,180.75 and reaching a high of $5,332.19, with a low of $5,157.58.

    COMMODITIES MARKETS MONITOR

    USOIL (08.08.2024) 15m Chart Summary

    Server Time / Timezone EEST (UTC+03:00)

    Price Movements

    USOIL showed a bullish trend, opening at $74.578, and closing at $75.207, with a high of $75.598 and a low of $73.779.

    News Reports Monitor – Today Trading Day (09.08.2024)

    1. Tokyo Session: No significant data.

    2. London Session: No significant data.

    3. New York Session:

    Full-time employment change in July: Forecast 10K, previous -3.4K.

    Employment change in July: Forecast -5K, previous -1.4K.

    The unemployment rate in July was forecasted to be 6.4%, and the previous was 6.4%.

    General Verdict 

  • Tokyo session saw no major news.
  • London session is expected to have no significant updates.
  • New York session will release Canada’s full-time employment, employment change, and unemployment rate data.

    • Source

    https://www.rbnz.govt.nz/

    http://www.dol.gov/

    https://km.bdswiss.com/economic-calendar/

    Metatrader 4 (MT4) 

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