Forex Market Report - 26th 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
|
347 days ago
1. USD Movement
- Federal Reserve Meeting: Anticipation of the upcoming Federal Reserve meeting is impacting USD, with expectations of potential interest rate adjustments.
- US GDP Data: Positive GDP growth figures have bolstered the USD, reflecting a robust economic recovery.
- Consumer Confidence Index: A rise in consumer confidence is supporting the USD, indicating increased consumer spending and economic optimism.
2. EUR Trends
- ECB Monetary Policy: The European Central Bank's stance on maintaining current interest rates is influencing EUR stability.
- German Economic Indicators: Strong industrial production and export figures from Germany are providing support to the EUR.
- Eurozone Inflation: Rising inflation rates in the Eurozone are creating speculation around future ECB policy adjustments.
3. GBP Fluctuations
- Bank of England Signals: The Bank of England's hints at possible rate hikes are causing fluctuations in the GBP.
- Brexit Developments: Ongoing negotiations and regulatory changes post-Brexit continue to create volatility for the GBP.
- UK Retail Sales Data: Better-than-expected retail sales figures are providing temporary support to the GBP.
4. JPY Dynamics
- Bank of Japan Policy: The Bank of Japan's commitment to ultra-loose monetary policy is keeping the JPY under pressure.
- Trade Balance Figures: Japan's trade surplus data has been stronger than expected, offering some support to the JPY.
- Risk Sentiment: Global risk sentiment and its impact on safe-haven assets like the JPY are being closely monitored by traders.
5. Commodity Currencies (AUD, CAD, NZD)
- Commodity Price Movements: Fluctuations in commodity prices, particularly oil and metals, are directly influencing AUD, CAD, and NZD.
- Central Bank Policies: Statements and actions from the Reserve Bank of Australia, Bank of Canada, and Reserve Bank of New Zealand are critical for these currencies.
- Economic Data Releases: Key economic data such as employment figures, GDP growth, and inflation from Australia, Canada, and New Zealand are impacting currency movements.
To begin your trading journey, visit www.dnamarkets.com
read more
The crypto market continues to rise, stumbling along the way
Expert market comment made by Chief Market Analyst Alex Kuptsikevich of the FxPro Analyst Team: The crypto market continues to rise, stumbling along the way
FxPro
|
6h 39min ago
US tariff letters boost dollar, dent risk appetite
Trump letters and August 1 deadline in focus; Dollar strengthens as both China and the EU avoid tariff letters; Equities are wobbly, while gold confirms lingering demand; Aussie gains as RBA surprises by keeping rates unchanged
XM Group
|
9h 13min ago
EURJPY shines at fresh one-year high
EUR/JPY confirms bullish continuation to one-year high. Upward move looks overdone, pullback likely. Sellers may be waiting below 170.15.
XM Group
|
9h 19min ago
EUR/USD Declines as Markets Await US Tariff Developments
The EUR/USD pair dropped to 1.1746 on Tuesday, with the US dollar holding a slight edge before correcting. The greenback faced pressure after Donald Trump announced new tariffs on 14 countries that have yet to secure trade agreements with the US.
RoboForex
|
9h 49min ago
EBC Markets Briefing | Sterling looks like a safe haven now
Sterling reached its highest since October 2021 after Trump announced new tariffs on Japan, South Korea, and others, effective August 1.
EBC Financial Group
|
10h 4min ago
Central Bank Outlook and Trade Shift Sentiment | 8th July, 2025
On July 8, gold slips below $3,350 as risk appetite improves. Silver holds steady near $36.90, while AUD/USD rises to 0.6855 ahead of the RBA decision. USD/JPY surges above 161.00 as BoJ tightening bets fade. PBOC sets USD/CNY at 7.1534, signaling stability. Focus now shifts to US CPI, central bank guidance, and trade progress for market direction.
Moneta Markets
|
12h 23min ago
ATFX Market Outlook 8th July 2025
U.S. President Trump signed an order delaying “reciprocal” tariffs from July 9 to August 1 and warned of steep hikes from that date, escalating trade tensions. U.S. stocks closed sharply lower, with the Dow down 0.94%, the S&P 500 falling 0.79%, and the Nasdaq dropping 0.92%. Tesla also tumbled after Elon Musk announced plans to launch a new political party.
ATFX
|
14h 55min ago
Markets await trade deals as Trump makes new tariff threats
Dollar edges higher, gold slips despite confusion and renewed trade tensions. Trump delays tariff deadline to August 1, says trade deals are close. Wall Street hits record after Congress passes Big Beautiful Bill. Oil recovers from lows after OPEC+ hikes output more than expected.
XM Group
|
1 day ago
