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
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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.
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EBC Markets Briefing | US stock bulls are roaring back
Fueled by Trump's tariff remarks, stronger-than-expected earnings, and improving U.S. consumer sector sentiment, the S&P 500 nears record highs.
EBC Financial Group
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il y a 16 minutes
GBPUSD recovery faces key test
GBPUSD retraces half of July’s losses, edges above short-term SMAs. Technical risk is skewed to the upside, but another challenge looms near 1.3635.
XM Group
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il y a 2h 22min
EU and US close to a trade deal ahead of ECB decision
After Japan, the US is nearing a trade accord with the EU - S&P Global PMIs in focus ahead of next week’s FOMC decision - ECB to stand pat, Lagarde’s signals to be key for the euro - S&P 500 hits a new record high, but earnings results come in mixed
XM Group
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il y a 2h 23min
Pound Strengthens: Trade Tariffs and Economic Data Boost GBP/USD
The GBP/USD pair climbed to a two-week high on Thursday, holding near 1.3578, bolstered by improved global risk sentiment following the US-Japan trade agreement.
RoboForex
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il y a 3h 29min
The crypto market nosedive
Expert market comment made by Chief Market Analyst Alex Kuptsikevich of the FxPro Analyst Team: The crypto market nosedive
FxPro
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il y a 3h 48min
EBC Markets Briefing | Crude prices up amid optimism on EU trade deal
Oil prices rose Thursday, fueled by optimism over US trade talks and a bigger-than-expected drop in crude inventories, easing global growth pressure.
EBC Financial Group
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il y a 4h 26min
Yen Gains, Sterling and Kiwi Rally as USD Slips on Trade Optimism | 24th July 2025
Markets rallied on trade optimism, weakening the USD and boosting the Pound, Kiwi, and Yen. Silver slipped to $39.00 as safe-haven demand faded. The PBOC’s firmer yuan fix signaled cautious confidence, while USD/JPY hit a two-week low. Traders now eye fresh trade headlines and key US data for further direction.
Moneta Markets
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il y a 5h 20min
ATFX Market Outlook 24th July 2025
The S&P 500 and Nasdaq closed at record highs on Wednesday, lifted by gains in Nvidia and GE Vernova, while optimism grew over a potential trade agreement between the US and the EU. The Dow rose 1.14%, the S&P 500 gained 0.78%, and the Nasdaq added 0.6%.
ATFX
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il y a 9h 29min
