Daily Market Analysis 31-07-2024

Market Overview

Bitcoin, Meta shares decline with negative technical signals. AUD/USD corrects, oversold. Gold surges with positive momentum. Oil falls on China demand worries, OPEC+ supply plans. Yen strengthens on BoJ rate hike speculation. Tether hits $13.13B market cap. Economic highlights today: Japan BoJ, Eurozone CPI, US Fed, Germany retail sales, Australia retail sales, US ADP employment.

Economic Calendar (GMT+1)

EURUSD Analysis

Chart Analysis

GBPUSD Analysis

Chart Analysis

GBPJPY Analysis

Chart Analysis

XAUUSD Analysis

Chart Analysis

WTI Analysis

Chart Analysis

Conclusion

Our forex market report offers an overview of critical economic and financial events that impact the global forex markets. Traders should closely monitor developments to fine-tune their trading strategies accordingly. Join us at Db-investing for more update: https://my.dbinvesting.com/links/go/955