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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296 дней спустя
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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Tariffs Ignite Safe-Haven Rally
Global financial markets on May 6, 2025, are stabilizing as investors await the Federal Reserve’s two-day FOMC meeting, with major currency pairs trading in tight ranges. Gold and silver rally on safe-haven demand driven by Trump’s new tariff threats and Middle East tensions, while the US Dollar holds steady despite recent weakness.
Moneta Markets
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5 дней спустя
ATFX Market Outlook 6th May 2025
U.S. ISM Services PMI for April indicated accelerated expansion. However, the input prices index surged to its highest level in over two years, highlighting rising inflationary pressures likely stemming from tariffs. U.S. Treasury yields inched higher, while the dollar weakened against major currencies like the euro and yen as markets assessed the ongoing uncertainty surrounding President Trump’s
ATFX
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5 дней спустя
EUR/USD tests key support in bid for upside
EUR/USD meets familiar support and returns above 1.1300. Technical Signals don’t yet confirm a meaningful rally. Sellers may stay on the sidelines until price falls below 1.1200.
XM Group
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6 дней спустя
ATFX Market Outlook 5th May 2025
Last Friday, the April Nonfarm Payrolls report in the U.S. surpassed expectations, indicating a resilient labor market. However, signs of slowing economic momentum, such as a contraction in Q1 GDP and rising jobless claims, raised concerns about a broader slowdown.
ATFX
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6 дней спустя
ATFX Market Outlook 2nd May 2025
Markets rallied overnight on upbeat sentiment. The U.S. Dollar Index extended gains for a third session, reclaiming the 100 mark to close at 100.18, supported by optimism over trade talks and stronger-than-expected ISM manufacturing data. U.S. Treasury yields climbed across the curve, with the 10-year yield at 4.221% and the 2-year at 3.709%.
ATFX
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9 дней спустя
ATFX Market Outlook 30th April 2025
On Tuesday, President Trump signed an executive order combining tariff credits and duty exemptions for specific auto parts to mitigate the impact of auto tariffs. U.S. stocks rose sharply, with the Dow Jones up 0.75%, the S&P 500 gaining 0.58%, and the Nasdaq climbing 0.55%. The benchmark 10-year U.S.
ATFX
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11 дней спустя
ATFX Market Outlook 29th April 2025
The S&P 500 index closed nearly flat on Monday after a choppy session, weighed down by losses in mega-cap stocks. Investors focused on several key drivers, including upcoming significant U.S. corporate earnings and critical economic data. Among the three major U.S. stock indexes, the Dow Jones Industrial Average rose 0.28%, the S&P 500 gained 0.06%, and the Nasdaq Composite slipped 0.1%.
ATFX
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12 дней спустя
Technical Outlook on USDJPY, EURUSD, BTCUSD
USDJPY finds solid footing near familiar support zone; BoJ expected to hold rates steady. EURUSD shifts to the sidelines ahead of Eurozone CPI inflation. BTCUSD returns to bullish path as traders await US GDP, core PCE inflation, and Nonfarm Payrolls.
XM Group
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12 дней спустя
