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.
DNA Markets
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376 days ago
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.
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Gold is in a range, but testing its upper bound
Expert market comment made by Chief Market Analyst Alex Kuptsikevich of the FxPro Analyst Team: Gold is in a range, but testing its upper bound
FxPro
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21h 49min ago
Bitcoin breaks records, broad market just joining the rally
Expert market comment made by Chief Market Analyst Alex Kuptsikevich of the FxPro Analyst Team: Bitcoin breaks records, broad market just joining the rally
FxPro
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21h 51min ago
Bitcoin breaks records, broad market just joining the rally
Expert market comment made by Chief Market Analyst Alex Kuptsikevich of the FxPro Analyst Team: Bitcoin breaks records, broad market just joining the rally
FxPro
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21h 51min ago
EBC Markets Briefing | Loonie grapples with Trump's indignation
The Canadian dollar fell Friday as Trump planned 15–20% blanket tariffs on most trade partners, signaling more global trade upheaval.
EBC Financial Group
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1 day ago
Trade tensions heat up, dollar firms, but stocks and cryptos stay bullish
Trump threatens 35% tariffs on Canada in another shock move, EU could be next. Remaining countries face tariffs of 15% or 20% in a major escalation. But only oil, loonie and yen slump, while stocks extend weekly gains. Gold gains some traction but star performer is Bitcoin, hitting new record.
XM Group
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1 day ago
Markets are again in risk-on/risk-off mode
Expert market comment made by Chief Market Analyst Alex Kuptsikevich of the FxPro Analyst Team: Markets are again in risk-on/risk-off mode
FxPro
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1 day ago
USD/JPY Climbs as Yen Struggles Amid Trade Tensions
On Friday, the USD/JPY pair advanced to 146.93, marking a three-week high as the US dollar continued to strengthen against a backdrop of escalating global trade tensions.
RoboForex
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1 day ago
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
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1 day ago