Previous Trading Day’s 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 ECB’s 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 June’s 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)
Server Time / Timezone EEST (UTC 03:00)
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 ECB’s 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
Server Time / Timezone EEST (UTC 03:00)
Price Movements
EURUSD was bearish, opening at 1.10741 and closing at 1.10467, with a daily high of 1.10950 and a low of 1.10454.
CRYPTO MARKET MONITOR
BTCUSD (30.08.2024) 15m Chart Summary
Server Time / Timezone EEST (UTC 03:00)
Price Movements
BTCUSD was bearish, opening at $59,589.89 and closing lower at $58,967.89, with a daily high of $59,968.79 and a low of $57,695.39.
STOCKS MARKET MONITOR
NVIDIA (30.08.2024) 15m Chart Summary
Server Time / Timezone EEST (UTC 03:00)
Price Movements
Nvidia traded bearish, opening at $119.89 and closing lower at $119.41, with an intraday low of $117.20 and a high of $121.85.
INDICES MARKET MONITOR
US30 (30.08.2024) 15m Chart Summary
Server Time / Timezone EEST (UTC 03:00)
Price Movements
The US30 maintained a bullish stance, opening at 41,411.66 and closing higher at 41,587.25, with intraday support at 41,160.37 and resistance at 41,611.63.
COMMODITIES MARKET MONITOR
XAUUSD (30.08.2024) 15m Chart Summary
Server Time / Timezone EEST (UTC 03:00)
Price Movements
XAUUSD traded bearish, opening at $2520.83 and closing at $2501.71, with a daily high of $2527.02 and a low of $2493.56.
News Reports Monitor – Today Trading Day (02.09.2024)
Tokyo Session:
Bullish AUD after AU Building Permits MoM exceeded forecast ( Actual 10.4% vs Forecast 3.4%).
London Session:
CHF Retail Sales YoY forecast at -2.2% with a potential bullish CHF if higher.
CHF Retail Sales MoM forecast at -0.1% with a bearish CHF if lower.
New York Session:
No significant market-moving news.
General Verdict:
- AUD strengthened in the Tokyo session, while the CHF’s direction hinges on retail sales data during the London session.
Sources:
http://www.abs.gov.au/
https://ec.europa.eu/eurostat/
https://www.statcan.gc.ca/
http://www.bea.gov/
https://km.bdswiss.com/economic-calendar/
Metatrader 4 (MT4)
Source: BDSwiss