Forex Market Report - 17/05/2024
This 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
|
15 days ago
Forex Market Report
1. US Economic Data Releases
- Retail Sales: Upcoming retail sales data is expected to provide insight into consumer spending trends and economic health.
- Jobless Claims: Initial jobless claims will offer an updated view on the labour market's condition and potential shifts in employment.
- Manufacturing PMI: The latest Manufacturing PMI figures will indicate the sector's performance and potential inflationary pressures.
2. Eurozone Developments
- ECB Meeting Minutes: The release of the European Central Bank's meeting minutes may shed light on future monetary policy decisions.
- Germany’s Economic Sentiment: ZEW Economic Sentiment Index for Germany will reflect investor confidence in Europe's largest economy.
- Inflation Data: Eurozone inflation numbers are crucial for assessing the ECB’s next moves regarding interest rates.
3. UK Economic Indicators
- GDP Growth Rate: The UK's latest GDP figures will reveal the economy's growth pace and potential recovery trajectory.
- Inflation Rate: Updated inflation data could influence the Bank of England's stance on interest rates and monetary policy.
- Employment Statistics: Employment and wage growth figures will provide insights into the labour market's strength and consumer spending capacity.
4. Asia-Pacific Focus
- China’s Industrial Production: The latest data on China's industrial output will indicate the health of its manufacturing sector and broader economy.
- Australia’s Employment Data: Employment figures will be key in understanding the strength of the labour market and potential rate decisions by the RBA.
- Japan’s GDP: Preliminary GDP data for Japan will provide an outlook on the country's economic performance and recovery efforts.
5. Geopolitical and Market Sentiment
- US-China Trade Relations: Developments in trade talks and policies between the US and China could impact global market sentiment and trade dynamics.
- Middle East Tensions: Ongoing geopolitical tensions in the Middle East might affect oil prices and market stability.
- Equity Market Performance: Global equity markets' performance will be monitored for risk appetite and potential shifts in investor sentiment.
read more
New Zealand Dollar gains for second day against US Dollar
The New Zealand dollar continues its ascent for the second consecutive session against the US dollar, resulting in the NZD/USD pair climbing to 0.6125.
RoboForex
|
1 day ago
EBC Markets Briefing | OPEC+ meeting could jolt oil markets out of torpor
Oil prices fell Friday as Fed officials said rate cuts were premature, and a surprise build in US gasoline stocks added pressure.
EBC Financial Group
|
1 day ago
EBC Daily Snapshot May 31, 2024
The dollar steadied Friday after a Q1 US GDP revision hinted at Fed rate cuts. The yen stayed above its four-week low on stable price growth.
EBC Financial Group
|
1 day ago
EBC Daily Snapshot May 30, 2024
On Thursday, the dollar surged to a two-week high due to strong economic data and weak Treasury auctions, signaling market ripples.
EBC Financial Group
|
1 day ago
US and Eurozone inflation data in focus
Dollar pulls back ahead of core PCE price index - Euro awaits Eurozone flash CPI data - Wall Street closes in the red, oil extends slide
XM Group
|
1 day ago
The gloom of old altcoins
Expert market comment made by senior analyst Alex Kuptsikevich of the FxPro Analyst Team: The gloom of old altcoins
FxPro
|
1 day ago
All Eye on Today’s PCE Reading
All attention now turns to the crucial PCE reading, the Fed’s preferred inflation gauge, which is expected to have a direct impact on the dollar.
PU Prime
|
1 day ago
Japanese Yen Soars, Outperforms, Dollar Dips
The Japanese Yen soared against the Greenback as risk aversion hit asset markets. The USD/JPY pair settled at 156.85, down from 157.40 yesterday. Japan’s 10-year treasury yield settled at 1.05% after reaching 1.1% this week for the first time since July 2011.
ACY Securities
|
1 day ago