Forex Market Report - 1st July 2024
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.
DNA Markets
|
110 dias atrás
1. US Economic Indicators
- Non-Farm Payrolls: Stronger-than-expected growth could bolster USD.
- ISM Manufacturing Index: Any unexpected weakness might signal economic slowdown, affecting USD negatively.
- Fed Commentary: Hawkish statements from Fed officials could increase USD demand.
2. Eurozone Developments
- Inflation Data: Rising inflation could lead to ECB tightening, supporting the Euro.
- German Industrial Production: A decline might weaken the Euro due to concerns over Europe's largest economy.
- ECB Policy Meeting Minutes: Insights into future monetary policy could impact EUR pairs.
3. UK Market Movements
- BOE Interest Rate Decision: An anticipated rate hike could strengthen GBP.
- Brexit Trade Negotiations: Any negative news could put pressure on the GBP.
- UK GDP Growth: Strong growth figures can boost confidence in the GBP.
4. Asia-Pacific Updates
- China's Manufacturing PMI: Weak data might signal economic issues, affecting AUD and NZD.
- RBA Interest Rate Decision: A dovish stance might weaken the AUD.
- Japan's Consumer Confidence: Improving sentiment can strengthen the JPY.
5. Commodity Market Influence
- Crude Oil Prices: Rising prices can benefit CAD and NOK, while falling prices might hurt them.
- Gold Prices: Safe-haven demand for gold can influence USD and commodity currencies.
- OPEC Meeting: Decisions on oil production levels can impact global markets and related currencies.
read more
Crypto: From Fear to Greed in One Week
Expert market comment made by senior analyst Alex Kuptsikevich of the FxPro Analyst Team: Crypto: From Fear to Greed in One Week
FxPro
|
1 dia atrás
Weekly review: USD marching alongside with Gold & Stocks
Expert market comment made by senior analyst Alex Kuptsikevich of the FxPro Analyst Team: Weekly review: USD marching alongside with Gold & Stocks
FxPro
|
1 dia atrás
EBC Markets Briefing | European stocks face lower bar now
Analysts have lowered their earnings forecasts for European companies at the fastest rate in seven months, expecting less impact on stock prices.
EBC Financial Group
|
1 dia atrás
EBC Markets Briefing | Dow nabs closing record on TSMC’s buoyant report
The Dow hit its fourth record close in five sessions on Thursday, boosted by strong retail sales and TSMC's positive forecast.
EBC Financial Group
|
1 dia atrás
Strong US data keep the dollar in demand
ECB cuts rate, keeps door wide open to a December move; Euro suffers as US retail sales surprise on the upside; Focus today is on Fedspeak and in particular Fed’s Bostic; Gold surpasses $2,700 as China announces further measures
XM Group
|
1 dia atrás
EURGBP goes back to a downtrend
EURGBP charts new 2 ½-year low after UK retail sales beat estimates . Short-term bias is skewed to the downside, but price near familiar support line.
XM Group
|
1 dia atrás
Daily Global Market Update
The GBP/USD pair made a minor upward correction, while Bitcoin/USD fell. Oil prices remained stable, and the Australian dollar gained. Global financial headlines included record-breaking Bitcoin ETF inflows, falling oil prices, and rising gold prices. Upcoming economic highlights include UK retail sales, housing starts, and budget statements.
Moneta Markets
|
1 dia atrás
Dollar Strength and Chinese Renminbi Weakness
The U.S. dollar has shown persistent strength in global currency markets, with the dollar index breaking above the critical 103.00 level. This resurgence has been driven by a combination of factors, including robust economic data from the U.S., heightened global risk aversion, and relative weakness in other major currencies, most notably the Chinese renminbi (CNY).
ACY Securities
|
1 dia atrás
