Previous Trading Day’s Events (29.08.2024)
Japan Consumer Confidence: August index steady at 36.7, below the 36.9 forecast; highest since April with mixed sentiment on durable goods (+30.9) and income (-39.7).
US GDP Growth: Q2 2024 GDP revised to 3.0% from 2.8%, boosted by consumer spending and private inventory investment.
US Jobless Claims: Fell 2,000 to 231k, matching market expectations.
Japan Unemployment Rate: Unexpectedly rose to 2.7% in July from 2.5%.
Japan Retail Sales: July annual sales growth slowed to 2.6%, missing 2.9% expectations; MoM up 0.2%.
Tokyo CPI: Rose to 2.6% YoY in August from 2.2% in July.
Winners Vs Losers In The Forex Market
On August 29, 2024, in forex trading, NZDCHF led the gains with a +0.83% move, adding +43.4 pips, while EURNZD was the biggest loser, dropping -0.61% with a -109.5 pip decline.
News Reports Monitor – Previous Trading Day (29.08.2024)
Server Time / Timezone EEST (UTC+03:00)
Tokyo Session:
Japan Consumer Confidence: JPY Bullish at 5:00 GMT, index steady at 36.7, below forecast. Durable goods sentiment positive (+30.9), income outlook weak (-39.7).
Japan Unemployment Rate: JPY Bullish at 23:30 GMT, unexpected rise to 2.7% in July from 2.5%.
Japan Retail Sales: JPY Bullish at 23:30 GMT, annual growth slowed to 2.6%, missing estimates; MoM up 0.2%.
Tokyo CPI: JPY Bullish at 23:50 GMT, CPI rose to 2.6% YoY in August from 2.2% in July.
London Session:
No major data releases affecting the session’s impact on currency.
New York Session:
US GDP Growth: USD Bullish at 12:30 GMT—revised to 3.0% from 2.8%, supported by consumer spending and inventory investment.
US Jobless Claims: USD Bullish at 12:30 GMT—claims fell by 2,000 to 231k, matching market forecasts.
General Verdict:
FOREX MARKET MONITOR
EURUSD (29.08.2024) 15m Chart Summary
Server Time / Timezone EEST (UTC+03:00)
Price Movements
EURUSD traded bearish, opening at 1.11184 and closing lower at 1.10741, with a daily high of 1.11406 and a low of 1.10545.
CRYPTO MARKET MONITOR
BTCUSD (29.08.2024) 15m Chart Summary
Server Time / Timezone EEST (UTC+03:00)
Price Movements
BTCUSD traded in bullish territory, opening at $59,359.01 and closing higher at $59,535.76. The pair reached an intraday high of $61,213.75, with a low of $58,777.96 during the session.
STOCKS MARKET MONITOR
NVIDIA (29.08.2024) 15m Chart Summary
Server Time / Timezone EEST (UTC+03:00)
Price Movements
Nvidia faced bearish pressure, opening at $121.32, hitting a session high of $124.44 before declining to a low of $116.73, ultimately closing at $117.59 for the day.
INDICES MARKET MONITOR
S&P500 (29.08.2024) 15m Chart Summary
Server Time / Timezone EEST (UTC+03:00)
Price Movements
The S&P 500 showed a bullish trend, opening at 5,570.77 and closing at 5,607.21, with an intraday high of 5,651.86 and a low of 5,548.37.
COMMODITIES MARKET MONITOR
USOIL (29.08.2024) 15m Chart Summary
Server Time / Timezone EEST (UTC+03:00)
Price Movements
USOIL showed an overall bullish trend, opening at $73.83 and closing at $75.48, with an intraday high of $76.28 and a low of $73.47.
News Reports Monitor – Today Trading Day (30.08.2024)
Tokyo Session:
No significant economic indicators.
London Session:
9:00 AM: EUR CPI Flash Estimate y/y; Forecast: 2.2%. Higher actual strengthens EUR. Lower actual weakens EUR.
New York Session:
12:30 PM: CAD GDP m/m; Forecast: 0.1%. Higher actual strengthens CAD. Lower actual weakens CAD.
12:30 PM: USD Core PCE Price Index m/m; Forecast: 0.2%. Higher actual strengthens USD. Lower actual weakens USD.
General Verdict:
Sources :
