Daily Market Analysis 22-08-2024

Finance and economics explained simply
Daily Market Analysis    22-08-2024

Market Overview

The Euro/Dollar pair saw a slight increase, while the Dollar/Yen remained stable. Gold prices traded sideways, and Google’s stock rose. The pound strengthened against the dollar as expectations for US interest rate cuts grew. The S&P 500 and NASDAQ edged up due to a decline in US job data. Gold prices fell slightly.

Economic Calendar (GMT+1)

EURUSD Analysis

Chart Analysis

GBPUSD Analysis

Chart Analysis

GBPJPY Analysis

Chart Analysis

XAUUSD Analysis

Chart Analysis

WTI Analysis

Conclusion

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