RBA rate unchanged at 4.35%, ISM Services PMI surges to 51.4.

Previous Trading Day’s Events (05.08.2024)

US ISM Services PMI:  Rose to 51.4 in July 2024 from 48.8, exceeding the 51 forecast, indicating a moderate uptick in services sector performance.

Winners Vs. Losers 

On August 5, 2024, EURNZD was the top performer, gaining 0.67% and 123.3 pips, while NZDJPY was the biggest loser, dropping 1.92% and 167.5 pips.

News Reports Monitor – Previous Trading Day (05.08.2024)

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

Tokyo Session: No news 

London Session: No news

New York Session: 

  • The ISM Services PMI in the US surged to 51.4 in July 2024 from 48.8, triggering a bullish market reaction.
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    General Verdict:

  • The US ISM Services PMI climbed to 51.4, surpassing forecasts and signalling a moderate uptick in service sector activity during the New York trading session. No impactful data emerged from the Tokyo or London sessions.
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    FOREX MARKETS MONITOR

    EURUSD (05.08.2024) 15m Chart Summary

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

    Price Movements

    EURUSD exhibited a bullish trend, opening at 1.09051 and closing at 1.09512, reaching a daily high of 1.10080, and a low of 1.08919.

    CRYPTO MARKETS MONITOR

    BTCUSD (05.08.2024) 15m Chart Summary

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

    Price Movements

    BTCUSD exhibited a bearish trend, opening at $58,541.93 and closing at $54,304.97, with a daily low of $49,583.77 and a high of $58,541.93.

    STOCKS MARKETS MONITOR

    APPLE (05.08.2024) 15m Chart Summary

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

    Price Movements

    Apple exhibited a bullish trend, opening at $202.63 and closing at $209.43, with a high of $213.35 and a low of $202.63.

    EQUITY MARKETS MONITOR

    S&P500 (05.08.2024) 15m Chart Summary

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

    The S&P 500 exhibited a bearish trend, opening at $5,299.14, and closing at $5,207.63, with a high of $5,299.14 and a low of $5,091.72.

    COMMODITIES MARKETS MONITOR

    XAUUSD (05.08.2024) 15m Chart Summary

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

    XAUUSD exhibited a bearish trend, opening at $2,443.75, and closing at $2,409.03, with a low of $2,363.71 and a high of $2,458.86.

    News Reports Monitor – Today Trading Day (06.08.2024)

    1. Tokyo Session: The Reserve Bank of Australia held the cash rate at 4.35% during the August meeting, in line with market expectations, resulting in a bearish impact on the market.
    2. London Session: No relevant data.
    3. New York Session: No relevant data.
    4. Sydney Session: New Zealand Unemployment Rate 

    General Verdict:

  • The Tokyo session saw a bearish market reaction as the Reserve Bank of Australia held rates steady at 4.35%. The London and New York sessions had no significant data, while the Sydney session focused on the New Zealand unemployment rate.
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    Source

    https://www.ismworld.org/

    https://marketmilk.babypips.com/

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

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

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

    Metatrader 4 ( MT4 )