Market Analysis Review

4.6% Unemployment Rate in New Zealand; RBA holds Interest Rate at 4.35%

| 07 August, 2024 at 10:54 GMT

Previous Trading Day’s Events (06.08.2024)

Australia Interest Rate: RBA maintained the cash rate at 4.35% for the sixth consecutive meeting, aligning with market forecasts.

New Zealand Unemployment Rate: Unemployment rose to 4.6% in Q2 2024, up from a revised 4.4% in Q1

Winners Vs. Losers

On August 6, 2024, AUD/JPY was the top performer, appreciating by 0.48% and gaining 45 pips, while GBP/AUD was the biggest decliner, dropping by 0.95% and losing 187 pips.

News Reports Monitor – Previous Trading Day (06.08.2024)

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

1. Tokyo Session: Australia Interest Rate: The RBA held its cash rate steady at 4.35% in August, triggering a bearish reaction upon release.
2. London Session: No major news events were reported.
3. New York Session: No major news events were reported.
4. Sydney Session: New Zealand Unemployment Rate: Unemployment rose to 4.6% for Q2 2024, leading to a bullish market reaction.

General Verdict:

______________________________________________________________________

FOREX MARKETS MONITOR

EURUSD (06.08.2024) 15m Chart Summary

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

Price Movements

EUR/USD exhibited a bearish trend, opening at 1.0951 and closing at 1.0926, with a high of 1.0963 and a low of 1.0902.CRYPTO MARKETS MONITOR

BTCUSD (06.08.2024) 15m Chart Summary

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

Price Movements

BTC/USD showed a bullish trend, opening at $54,290.78 and closing at $56,641.28, with a high of $57,098.32 and a low of $53,866.39.

STOCKS  MARKETS MONITOR

Caterpillar (NYSE: CAT) (06.08.2024) 15m Chart Summary

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

Price Movements

Caterpillar (NYSE: CAT) was bullish, opening at $314.69, reaching a high of $332.18, and a low of $314.69.

EQUITY MARKETS MONITOR

S&P500 (06.08.2024) 15m Chart Summary

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

Price Movements

The S&P 500 was flat, opening and closing at $5,231.58, with a high of $5,317.29 and a low of $5,194.32.

COMMODITIES MARKETS MONITOR

USOIL (06.08.2024) 15m Chart Summary

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

Price Movements

The S&P 500 was flat, opening and closing at $5,231.58, with a high of $5,317.29 and a low of $5,194.32.

News Reports Monitor – Today Trading Day (07.08.2024)

1. Tokyo Session: No relevant data.
2. London Session: No relevant data.
3. New York Session: No relevant data.

General Verdict: 

Source: 

http://www.rba.gov.au/

https://www.stats.govt.nz/

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

Metatrader 4 (MT4)