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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503 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.
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Low inflation in Switzerland confirms the strength of the franc
In September, consumer prices in Switzerland fell by 0.2%. Annual inflation held steady at 0.2% for the third consecutive month, slightly below the forecasted 0.3%.
FxPro
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8h 51min ago
USD/JPY on Hold, But Yen Rally Could Resume at Any Moment
The USD/JPY pair has paused its recent decline, stabilising around 147.16 on Thursday. The yen continues to find support from its status as a safe-haven asset, with demand bolstered by a weaker US dollar amid the ongoing US government shutdown.
RoboForex
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10h 39min ago
Dollar slides as US government shutdown looms
US government shuts down tonight if no spending bill passes - Shutdown could suspend the release of jobs report - Wall Street closes in the green, gold hits fresh record high - RBA stands pat, aussie gains on hawkish tilt
XM Group
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11h 23min ago
Dollar Consolidates as Shutdown Risks and Central Bank Signals Drive FX Moves | 2nd October 2025
The Dollar steadied as shutdown risks and central bank signals kept markets cautious. DXY held near 97.70–97.75, EUR/USD climbed above 1.1700, GBP/USD hovered at 1.3500, and USD/CHF consolidated around 0.7960. EUR/JPY rebounded from support, while broader FX stayed rangebound. Traders now focus on U.S. inflation, jobs, Eurozone data, and Swiss CPI for direction.
Moneta Markets
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11h 52min ago
Bitcoin unlocks highest level since mid-August, briefly surpasses 119,000
BTCUSD resumes seven-day winning streak. Price settles above key SMAs amid government shutdown uncertainty. Momentum indicators reflect bullish bias.
XM Group
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12h 55min ago
The cryptocurrency market soared to extremes
The cryptocurrency market capitalisation soared by 4% over the past day to $4.07 trillion.The cryptocurrency market capitalisation soared by 4% over the past day to $4.07 trillion
FxPro
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13h 45min ago
ADP reports two consecutive months of job losses in the private sector
Independent data provider ADP reported a decline of 32K jobs in the US private sector in September. The data was significantly worse than the expected growth of 50k.
FxPro
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14h 25min ago
Risk sentiment weakens as US government shutdown commences
US federal government shuts; markets digest developments; Barring an agreement, Friday’s jobs report will not be published; Focus today on ADP and ISM survey; Fedspeak calendar is light; Gold rally continues; oil stabilizes after reports of 500k bpd increase are dismissed;
XM Group
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1 day ago
