Forex Market Report - 1st 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.

1. US Economic Indicators

  • Non-Farm Payrolls: Stronger-than-expected growth could bolster USD.
  • ISM Manufacturing Index: Any unexpected weakness might signal economic slowdown, affecting USD negatively.
  • Fed Commentary: Hawkish statements from Fed officials could increase USD demand.

2. Eurozone Developments

  • Inflation Data: Rising inflation could lead to ECB tightening, supporting the Euro.
  • German Industrial Production: A decline might weaken the Euro due to concerns over Europe's largest economy.
  • ECB Policy Meeting Minutes: Insights into future monetary policy could impact EUR pairs.

3. UK Market Movements

  • BOE Interest Rate Decision: An anticipated rate hike could strengthen GBP.
  • Brexit Trade Negotiations: Any negative news could put pressure on the GBP.
  • UK GDP Growth: Strong growth figures can boost confidence in the GBP.

4. Asia-Pacific Updates

  • China's Manufacturing PMI: Weak data might signal economic issues, affecting AUD and NZD.
  • RBA Interest Rate Decision: A dovish stance might weaken the AUD.
  • Japan's Consumer Confidence: Improving sentiment can strengthen the JPY.

5. Commodity Market Influence

  • Crude Oil Prices: Rising prices can benefit CAD and NOK, while falling prices might hurt them.
  • Gold Prices: Safe-haven demand for gold can influence USD and commodity currencies.
  • OPEC Meeting: Decisions on oil production levels can impact global markets and related currencies.
Regulation: ASIC (Australia)
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Dollar Dominates After Trump’s Trade Strike| 11th July, 2025

Dollar Dominates After Trump’s Trade Strike| 11th July, 2025

On July 10, silver extends gains toward $36.50 amid rising macro uncertainty and safe-haven demand. The US Dollar weakens, boosting AUD and NZD. USD/JPY trims early losses as BoJ hike hopes fade, while EUR/JPY retreats from highs on softening sentiment. Markets brace for US Jobless Claims to guide the next leg in global risk and Fed rate expectations.
Moneta Markets | 1 day ago