Market Analysis Review

NZDUSD surges 1.03% as Canadian CPI data looms

| 20 August, 2024 at 11:51 GMT

Previous Trading Day’s Events (19.08.2024)

U.S CB Leading Index m/m: The composite index, measuring changes across 10 economic indicators for July, was forecasted at -0.4% but actual data revealed a deeper decline at -0.6%.

Winners Vs Losers In The Forex MarketOn August 19, 2024, in the forex market, NZDUSD led gains with a +1.03% move, adding 62.1 pips, while GBPNZD dropped by -0.73%, losing 157.2 pips.

News Reports Monitor – Previous Trading Day (19.08.2024)

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

Tokyo Session: No key data.

London Session: No key data.

New York Session: USD turned bearish at 14:00 GMT as the composite index for July, expected at -0.4%, dropped to -0.6%. 

General Verdict: The trading day saw little movement in the Tokyo and London sessions due to a lack of key data. In contrast, the New York session witnessed a bearish shift in USD following a disappointing composite index report for July.

FOREX MARKETS MONITOR

EURUSD (19.08.2024) 15m Chart Summary

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

Price Movements

EURUSD maintained a bullish trend, opening at 1.10248 and closing at 1.10846, with a daily high of 1.10850 and a low of 1.10185.

CRYPTO MARKETS MONITOR

BTCUSD (19.08.2024) 15m Chart Summary

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

Price Movements

BTCUSD maintained a bearish trend, opening at $59,860.53, peaking at $59,860.55, dipping to a low of $57,776.58, and closing weaker at $59,048.60.

STOCKS MARKETS MONITOR

APPLE (19.08.2024) 15m Chart Summary

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

Price Movements

Apple showed overall bullish momentum, opening at $225.32, peaking at $225.83, and closing slightly higher at $225.82, with a daily low of $222.92.

INDICES MARKETS MONITOR

S&P 500 (19.08.2024) 15m Chart Summary

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

Price Movements

The S&P 500 maintained a bullish trend, opening at $5569.23 and closing at $5606.95, with an intraday high of $5612.40 and a low of $5545.09.

COMMODITIES MARKETS MONITOR

USOIL (19.08.2024) 15m Chart Summary

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

Price Movements

USOIL exhibited a bearish trend, opening at $75.326 and closing lower at $73.677. The intraday low reached $73.269, while the high touched $75.615.

News Reports Monitor – Today Trading Day (20.08.2024)

Tokyo Session: RBA Minutes (AUD) – Bullish catalyst on release at 1:30 AM GMT.

London Session: No major market movers.

New York Session: Canadian CPI data is set to impact the CAD, with the Core Month-over-Month (MoM) forecast at 0.1%, the Year-over-Year (YoY) at 2.7%, and the overall MoM at 0.2%. Core YoY is anticipated to be 1.9%.

Impact: CAD rallies if data exceeds expectations; dips if it underperforms.

General Verdict: 

Sources:

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

https://www.conference-board.org/

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