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
|
369 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.
read more
Why Silver could be the precious metal of 2025
The gold bar is metallic yellow and slightly behind the silver bar, which is metallic white and positioned in front.
Gold may still be the headline act, but silver’s no longer content playing second fiddle. In 2025, silver isn’t just glittering - it’s surging forward as one of the most exciting metals on the market.
Deriv
|
18h 4min ago
Risk-on sentiment fades as tariffs return to the spotlight
Dollar surrenders gains posted after robust labour market report; Trump celebrates US budget bill approval; scheduled to sign it today; Most Fed members feel more comfortable as July rate cut is priced out; Oil steadies near $66, gold rally retains momentum;
XM Group
|
21h 45min ago
USDCAD shrugs off upbeat US jobs data
USDCAD fails to rebound despite stronger US nonfarm payrolls. Bearish trend likely to continue; next support near 1.3455.
XM Group
|
22h 5min ago
Dollar Mixed as Tariff Tensions Rise and Jobs Data Buoys Fed Outlook | 4th July, 2025
On July 4, strong U.S. jobs data boosts the dollar, but Trump’s tariff warning sparks trade uncertainty. USD/CAD dips near 1.3600 as oil rebounds; AUD/USD slips below 0.6650. NZD/USD holds near 0.6050, GBP/USD steadies at 1.3650, and USD/CNY stays firm as PBOC signals caution. Markets eye ISM data and tariff updates for next moves.
Moneta Markets
|
1 day ago
ATFX Market Outlook 4th July 2025
The U.S. economy added 147,000 jobs in June, beating expectations of 110,000, while the unemployment rate fell to 4.1%. Traders are now betting that the Fed is unlikely to cut rates before September. Meanwhile, the House narrowly passed Trump's major fiscal bill by a vote of 218 to 214. U.S. stocks rallied on Thursday, hitting fresh record highs.
ATFX
|
1 day ago
Nonfarm payrolls take center stage
Slide in US private payrolls raise concerns about NFP miss - US strikes trade deal with Vietnam ahead of July 9 deadline - Pound feels the heat of fiscal shenanigans - S&P 500 hits fresh record high ahead of jobs report
XM Group
|
1 day ago
Gold declines as trade optimism reduces safe-haven demand, while a weak dollar limits losses
On Thursday, the price of gold fell to 3,340 USD per troy ounce, partially correcting the previous day’s gains. The decline reflects growing optimism over trade agreements, which reduced demand for gold as a safe-haven asset.
RoboForex
|
1 day ago
Rate Shifts Steer FX Markets as Silver Holds Strong
On July 3, silver stays firm above $35.40 as Fed cut bets persist. EUR/USD holds near 1.1800, while GBP/USD lingers near 1.3585 ahead of UK jobs data. JPY strengthens after BoJ signals a hawkish pause. AUD/USD slips on weak trade surplus. Focus turns to US NFP and ISM data for market direction before the US holiday break.
Moneta Markets
|
1 day ago
