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

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:

  • The markets reacted bearishly to Australia’s rate hold and bullishly to New Zealand’s rising unemployment.
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    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: 

  • No significant data is to be reported across all trading sessions.
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    Source

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

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

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

    Metatrader 4 (MT4)