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
|
359 days ago
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
ATFX Market Outlook 4th July 2025
The U.S. economy added 147,000 jobs in June, beating expectations of 110,000, while the unemployment rate fell to 4.1%. Traders are now betting that the Fed is unlikely to cut rates before September. Meanwhile, the House narrowly passed Trump's major fiscal bill by a vote of 218 to 214. U.S. stocks rallied on Thursday, hitting fresh record highs.
ATFX
|
2 days ago
Rate Shifts Steer FX Markets as Silver Holds Strong
On July 3, silver stays firm above $35.40 as Fed cut bets persist. EUR/USD holds near 1.1800, while GBP/USD lingers near 1.3585 ahead of UK jobs data. JPY strengthens after BoJ signals a hawkish pause. AUD/USD slips on weak trade surplus. Focus turns to US NFP and ISM data for market direction before the US holiday break.
Moneta Markets
|
3 days ago
ATFX Market Outlook 3rd July 2025
Wednesday’s ADP report showed a surprise decline of 33,000 private-sector jobs in June, marking the first contraction since March 2023 as economic uncertainty weighed on hiring. U.S. equities surged, with the S&P 500 and Nasdaq closing at record highs, driven by gains in tech stocks and relief following the U.S.–Vietnam trade agreement, which eased concerns over prolonged trade tensions
ATFX
|
3 days ago
ATFX Market Outlook 2nd July 2025
Fed Chairman Powell emphasised the need for more data before considering interest rate cuts, with a July cut still a possibility. On Tuesday, the Nasdaq and S&P 500 closed lower due to weakness in large tech stocks, with the Nasdaq down 0.82% and the S&P 500 down 0.11%. In contrast, the Dow rose by 0.91% amid volatile trading and low liquidity.
ATFX
|
4 days ago
EURUSD hits another milestone
EURUSD upgrades short-term outlook as non-stop rally reaches 1.1800. Technical picture reflects cooling buying interest.
XM Group
|
5 days ago
US500, EURUSD, USDJPY
New record high for US 500 amid relief rally; Eurozone preliminary CPI to be within ECB’s target; EURUSD hits 4-year high; US NFP report the highlight of the week; USDJPY eases
XM Group
|
6 days ago
Gold Slips, Dollar Dips as Risk Sentiment Improves | 30th June, 2025
Gold dips toward $3,250 as risk sentiment improves and safe-haven demand fades. EUR/USD and GBP/USD stay firm above 1.1700 and 1.3700, while USD/CAD weakens to 1.3650 on rising oil and trade hopes. Trump's renewed Fed criticism shakes USD sentiment ahead of key inflation and GDP data this week.
Moneta Markets
|
6 days ago
Oil Rises, Dollar Stalls as Risk Appetite Builds | 27th June, 2025
WTI crude nears $75 on strong US inventory draw, boosting risk sentiment. The US Dollar remains weak amid Fed independence fears, lifting AUD/USD to 0.6880 and EUR/USD near 1.1700. USD/JPY retreats while USD/CNY stays steady on a firmer PBOC fix. Focus shifts to US PCE data and global central bank commentary.
Moneta Markets
|
9 days ago
