Forex Market Report - 26th June 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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373 days ago
1. US Consumer Confidence Report
- Consumer confidence rose to 110.2, above forecasts of 108.
- Positive consumer sentiment may support USD strength in the short term.
- Analysts suggest increased consumer spending could boost Q2 GDP.
2. ECB President Speech
- ECB President emphasized the need for sustained monetary policy tightening to combat inflation.
- Indications of possible rate hikes in the upcoming July meeting.
- Eurozone bond yields responded with a slight increase, supporting the EUR.
3. UK Inflation Data
- UK CPI data showed a slight decrease to 7.8% YoY from 8.2% last month.
- Lower inflation may reduce pressure on the Bank of England to raise interest rates.
- GBP experienced minor fluctuations but remained stable post-release.
4. US Durable Goods Orders
- Durable goods orders increased by 1.2% in May, exceeding expectations of 0.8%.
- Strong orders indicate robust manufacturing activity and economic resilience.
- The positive data supports USD, especially against JPY and EUR.
5. Japan Retail Sales
- Japan's retail sales grew by 3.5% YoY in May, beating the forecast of 3.0%.
- Increased domestic spending suggests economic recovery momentum.
- JPY strengthened slightly against USD and EUR following the release.
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Deriv
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9h 13min ago
Risk-on sentiment fades as tariffs return to the spotlight
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XM Group
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12h 54min ago
USDCAD shrugs off upbeat US jobs data
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XM Group
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13h 14min ago
Dollar Mixed as Tariff Tensions Rise and Jobs Data Buoys Fed Outlook | 4th July, 2025
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Moneta Markets
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15h 47min 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
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18h 29min 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
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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
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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
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1 day ago
