Forex Market Report - 13/05/2024
This Forex Market Report provides a snapshot of key economic and financial developments influencing the global forex markets. Traders can monitor these factors closely to adjust their strategies accordingly.
DNA Markets
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199 दिनों पहले
Forex Market Report
1. Analysis Report - Monday 13th May 20241. USD and Major Currencies:
- The US Dollar is poised to respond to the upcoming US CPI data, influencing key currency pairs such as EUR/USD, USD/JPY, and GBP/USD.
- EUR/USD remains in a bearish trend, with a prevailing sentiment that favours the short position.
- The GBP/USD pair exhibits mixed sentiment, suggesting indecision among traders as they navigate ongoing economic signals.
2. Asian Market Outlook:
- The Nikkei 225 is currently under pressure, indicating potential concerns about economic stability in the region.
- FTSE 100 continues to reach new highs, reflecting a positive sentiment among traders about economic prospects in the UK.
- Asian markets are displaying cautious trading patterns, likely due to mixed economic data from the region.
3. Commodities Update:
- Gold continues to hold a bullish stance, with traders likely increasing their net long positions as a hedge against uncertainty.
- Crude oil shows mixed trading sentiment, influenced by geopolitical developments and changes in U.S. strategic reserves.
- Precious metals, including silver, are seeing renewed interest, suggesting a shift toward safe-haven assets amidst fluctuating markets.
4. Market Sentiment and Indices:
- Wall Street is bullish, although recent gains in indices such as the Dow and Nasdaq have been somewhat moderated.
- S&P 500’s performance remains a key indicator, reflecting broader market sentiments and economic forecasts.
- Equity markets are closely watching corporate earnings and economic data to gauge the potential for continued growth.
5. Economic Indicators and Forecasts:
- The release of US CPI data is highly anticipated, with significant potential impacts on market movements and trading strategies.
- Traders are monitoring economic indicators to assess the likelihood of changes in the Federal Reserve's monetary policy.
- Global economic indicators, including employment data and manufacturing outputs, are critical in shaping market expectations and currency strengths.
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Japanese Yen Climbs to Five-Week High Due to USD Weakness
The USD/JPY pair has dropped to 151.56, marking a five-week high for the yen. Market speculations fuel the currency's strength that the Bank of Japan (BoJ) might consider an interest rate hike as soon as December.
RoboForex
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55 मिनटों पहले
Daily Global Market Update
The Euro is gaining strength, while the Yen is weakening. Gold is correcting upwards, and Alibaba stock is dipping. The Canadian dollar is recovering, but Wall Street is down. Key economic events include Canadian GDP, US inflation, Eurozone consumer confidence, and UK retail sales.
Moneta Markets
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4घंटे 39 मिनट पहले
Gold Decline on Easing Geopolitical Tension
The U.S. Personal Consumption Expenditures (PCE) report, released yesterday, met market expectations but failed to deliver any surprises, resulting in continued weakness in the U.S. dollar. Simultaneously, long-term Treasury yields fell to their lowest levels in November.
PU Prime
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5घंटे 12 मिनट पहले
How Global Economic Shifts Shape November's Trading Opportunities
The U.S. economy continues to chart a path toward a "soft landing," a scenario where inflation cools without triggering a severe recession. Gradual easing in the labour market underscores this trend, with recent jobless claims figures showing minor increases yet remaining well below concerning thresholds. Businesses are largely retaining staff, indicating stable employment conditions.
ACY Securities
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6घंटे 29 मिनट पहले
How Low Could EUR/USD Go?
In a significant market move, EUR/USD has plunged to levels not seen in over two years, driven by a combination of economic and geopolitical pressures. This sharp decline has been raising questions about the resilience of the eurozone economy and the broader implications for global currency dynamics.
ACY Securities
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6घंटे 30 मिनट पहले
Navigating the G3 Monetary Landscape December Brings Pivotal Decisions
As December approaches, global financial markets are gearing up for significant developments in the monetary policies of the world’s three major economies—the United States, the Eurozone, and Japan. A mix of rate adjustments, fiscal strategies, and macroeconomic signals is shaping the FX market, with traders and analysts keenly anticipating the outcomes.
ACY Securities
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6घंटे 36 मिनट पहले
EUR/USD Steady Ahead of Major US Data Releases
EUR/USD remains stable at around 1.0483 as markets digest the implications of the latest FOMC minutes.
RoboForex
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1 दिन पहले
All Eye on Today’s PCE
Ahead of today’s U.S. PCE reading, most asset classes remained steady as markets await direction. A higher-than-expected reading could bolster the dollar.
PU Prime
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1 दिन पहले
