Forex Market Report - 19th 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
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480日前
1. US Dollar (USD) Trends
- Fed Policy Expectations: Market sentiment remains influenced by expectations of the Federal Reserve's interest rate decisions, with speculation about a possible rate hike in the upcoming meeting.
- Economic Data Releases: Traders are closely watching the release of jobless claims and retail sales data, which could impact USD strength.
- Geopolitical Tensions: Ongoing geopolitical tensions, especially relating to US-China trade relations, continue to affect the dollar’s stability.
2. Euro (EUR) Movements
- ECB Monetary Policy: The European Central Bank's recent statements indicate a dovish stance, suggesting potential easing measures, impacting the euro's performance.
- Eurozone Economic Indicators: Upcoming releases of PMI data and industrial production figures are critical for assessing the economic health of the Eurozone.
- Inflation Concerns: Persistent inflationary pressures in major Eurozone economies like Germany and France are causing fluctuations in the EUR/USD pair.
3. British Pound (GBP) Activity
- Bank of England Signals: The Bank of England's hawkish comments on future interest rate hikes have been a significant driver of GBP movements.
- Brexit Developments: Ongoing negotiations and updates on post-Brexit trade agreements continue to influence the pound.
- UK Economic Performance: Key data releases, including GDP growth figures and employment statistics, are closely monitored for their impact on the GBP.
4. Japanese Yen (JPY) Fluctuations
- Bank of Japan Stance: The Bank of Japan's commitment to maintaining ultra-loose monetary policy contrasts with other major central banks, affecting JPY value.
- Safe-Haven Demand: Increased demand for safe-haven assets amid global economic uncertainties has bolstered the yen.
- Trade Balance Figures: Japan's latest trade balance data will be crucial in assessing the impact of export performance on the yen.
5. Commodity-Linked Currencies
- Commodity Price Volatility: Fluctuations in commodity prices, particularly oil and gold, are major factors influencing the Australian, Canadian, and New Zealand dollars.
- Central Bank Policies: Statements and decisions from the Reserve Bank of Australia, Bank of Canada, and Reserve Bank of New Zealand regarding interest rates are pivotal.
- Global Economic Indicators: Economic data from China, a significant trading partner for these countries, particularly impacts their currencies.
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Rock-West
|
10時0分前
ATFX Market Outlook 11th November 2025
The U.S. Senate’s compromise bill has cleared an initial hurdle, raising hopes that the most extended government shutdown in U.S. history could end this week. U.S. stocks surged on Monday, led by strong gains in heavyweight AI-related companies, including Nvidia and Palantir.
ATFX
|
18時32分前
The dollar plays on bets
• The US dollar is losing confidence again.
• The Fed doubts that interest rates will be lowered.
• The Bank of Japan intends to continue the cycle.
• The yen is testing the authorities' resolve.
FxPro
|
1日前
The dollar risks losing support from tariff revenues
• The US risks losing tariff revenues.
• The American labour market is cooling down.
• EURUSD may rise to 1.21.
• The pound rose but remains under pressure.
FxPro
|
4日前
The dollar risks losing support from tariff revenues
• The US risks losing tariff revenues.
• The American labour market is cooling down.
• EURUSD may rise to 1.21.
• The pound rose but remains under pressure.
FxPro
|
4日前
ATFX Market Outlook 5th November 2025
U.S. Senate failed to pass a temporary funding bill once again on Tuesday, setting the stage for a government shutdown that will soon surpass the 35-day record from late 2018 to early 2019. Wall Street closed sharply lower as major banks warned of potential corrections, reflecting growing concerns over stretched valuations.
ATFX
|
6日前
The euro holds on by a thread
• The US is poised for a record shutdown.
• Weak PMI data halted the dollar.
• Rumours of intervention strengthened the yen.
• Slowing inflation weakened the franc.
FxPro
|
7日前
ATFX Market Outlook 4th November 2025
Gold prices steadied, hovering around the key $ 4,000-per-ounce mark amid a lack of clear direction. Traders are awaiting U.S. private-sector employment data later this week for further cues. Oil prices steadied as markets balanced OPEC+’s latest production increases against reports that the group may pause additional output hikes in the first quarter of 2026.
ATFX
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7日前
