Forex Market Report - 12th 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
|
99 gün önce
1. U.S. Economic Data
- CPI Report: The latest Consumer Price Index data shows a modest increase, signaling potential inflationary pressures.
- Unemployment Claims: Weekly jobless claims have unexpectedly risen, suggesting possible slowdowns in the labor market recovery.
- Retail Sales: June's retail sales data indicates stronger-than-expected consumer spending, providing a boost to the economic outlook.
2. European Central Bank (ECB) Actions
- Interest Rate Decision: ECB is maintaining its current interest rates, focusing on supporting economic recovery amidst slow inflation.
- Policy Meeting Insights: The ECB is considering additional stimulus measures if inflation remains below target in the coming months.
- Eurozone Economic Projections: Updated projections show a slight downgrade in growth expectations due to ongoing geopolitical uncertainties.
3. Asian Market Developments
- China’s Trade Balance: Recent data shows a significant trade surplus, driven by strong export performance and reduced import growth.
- Japan’s Economic Stimulus: The Japanese government has announced a new stimulus package aimed at combating deflation and boosting economic growth.
- Australia’s Employment Data: Australia's latest employment report reveals an increase in job creation, with a notable rise in full-time positions.
4. Commodity Market Movements
- Oil Prices: Crude oil prices have climbed due to heightened geopolitical tensions and supply concerns in major producing regions.
- Gold Market: Gold prices are experiencing volatility as investors react to fluctuating interest rate expectations and inflation data.
- Agricultural Commodities: Prices of key agricultural commodities like wheat and corn are rising due to adverse weather conditions impacting harvests.
5. Currency Fluctuations
- USD Strength: The US Dollar is showing strength against major currencies, driven by better-than-expected economic data and hawkish Fed signals.
- EUR/USD: The Euro is under pressure due to slower economic recovery in the Eurozone and potential for further ECB stimulus.
- GBP Volatility: The British Pound is experiencing fluctuations amid Brexit-related uncertainties and mixed economic indicators from the UK.
To begin your trading journey, visit www.dnamarkets.com
read more
Daily Global Market Update
Euro/USD: Minor downward correction, oversold market. Dollar/Yen: Upward trend, positive signal. Gold/Dollar: Upward trend, overbought market. Nike: Upward trend, positive signal. Global: Canadian dollar rose, US stocks mixed, gold gained, Spain's IEX at highest since 2010. Upcoming: Australia's employment, Eurozone's inflation, Australia's unemployment, Dutch unemployment, Japan's tertiary index,
Moneta Markets
|
2 gün önce
Dow Jones Set New High on Earnings Optimism
The Dow Jones continues its upward momentum, reaching a new all-time high as the market enters the 3rd quarter earnings season. Strong performances from mega-cap banks
PU Prime
|
2 gün önce
EUR/USD Continues Downward Amid Economic Uncertainties
EUR/USD has sustained its position below the EMA-200 line, indicating a potential shift into a more defined downtrend. Recent comments from Raphael Bostic, head of the Atlanta Federal Reserve, have influenced this movement. Bostic suggests a modest 25-basis-point cut in interest rates this year – contrary to earlier predictions of a more aggressive 50-point reduction.
RoboForex
|
2 gün önce
Daily Global Market Update
Gold rose slightly, while the Euro dipped. The Pound remained stable, but Bitcoin surged. US stocks rallied, and crude prices fell. Key economic events include UK's employment data, US Red Book Index, and German ZEW survey.
Moneta Markets
|
4 gün önce
Wall Street Bullish as Market Confidence on Earnings Performance
Wall Street extended its gains, with the Dow Jones and S&P 500 both continuing to reach all-time highs as the U.S. equity market enters the Q3 earnings season.
PU Prime
|
4 gün önce
EUR/USD Experiences Downward Pressure Amid Fed Rate Cut Speculations
EUR/USD has seen a slight downturn, correcting near the support level of 1.0905 as the market adjusts its expectations regarding the Federal Reserve's monetary policy. The probability of a 25-basis-point rate cut by the Fed in November currently stands at 86.8%, reflecting a cautious outlook for significant further easing this year.
RoboForex
|
4 gün önce
Dollar Holds Firm, But Will the Strength Persist?
The Dollar Index remains volatile as mixed economic data sparks uncertainty around Federal Reserve policy. While stronger-than-expected CPI and job numbers initially boosted the dollar, a lower-than-anticipated PPI reading has led to speculation about a cautious Fed stance on rate cuts.
PU Prime
|
5 gün önce
Oil Prices Surge on Heightened Geopolitical Tension
Oil experienced heightened volatility in yesterday's session, with prices surging more than 3% as geopolitical risks escalated. The market reacted to reports that Israel plans to attack Iranian oil facilities, while the Houthis, a military rebel group, allegedly attacked an oil tanker in the Red Sea, raising concerns over potential disruptions to global oil supply.
PU Prime
|
8 gün önce
