Forex Market Report - 2nd August 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
|
77 วันที่ผ่านมา
1. U.S. Employment Data Release
- Non-Farm Payrolls: Expected to show moderate growth, influencing USD strength.
- Unemployment Rate: Forecasted to remain stable; deviations could impact market sentiment.
- Average Hourly Earnings: Watch for any uptick as it may signal inflationary pressures.
2. Eurozone Inflation Figures
- CPI Data: Anticipated to confirm persistent inflation, affecting ECB's policy outlook.
- Core Inflation: Closely monitored for signs of underlying inflation trends.
- Market Reaction: EUR could see volatility based on inflation readings and ECB commentary.
3. Bank of England Interest Rate Decision
- Rate Hike Expectations: Market pricing in a potential rate hike to combat inflation.
- Economic Projections: Updates on growth and inflation forecasts will be critical.
- GBP Volatility: Significant movements likely around the announcement and subsequent press conference.
4. China Trade Balance Report
- Export Data: Decline expected due to global demand slowdown, impacting CNY and commodity currencies.
- Import Data: Insights into domestic economic health and commodity demand.
- Market Impact: Key for assessing global trade dynamics and risk sentiment.
5. U.S. Treasury Yield Movements
- 10-Year Yield: Recent uptick influencing USD and broader financial markets.
- Inflation Expectations: Monitoring yields for signs of changing inflation outlook.
- Risk Appetite: Higher yields could weigh on equities and riskier assets, benefiting safe havens.
To begin your trading journey, visit www.dnamarkets.com
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
|
2 ชม. 51 นาทีที่ผ่านมา
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
|
2 ชม. 57 นาทีที่ผ่านมา
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
|
3 ชม. 24 นาทีที่ผ่านมา
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
|
6 ชม. 55 นาทีที่ผ่านมา
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
|
7 ชม. 22 นาทีที่ผ่านมา
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
|
8 ชม. 7 นาทีที่ผ่านมา
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
|
10 ชม. 14 นาทีที่ผ่านมา
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
|
11 ชม. 36 นาทีที่ผ่านมา
