Forex Market Report - 27th May 2024
This daily 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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1. US Economic Data Releases
- Consumer Confidence Index: An increase in consumer confidence could bolster the USD, indicating stronger future spending.
- GDP Growth Rate: Revised GDP figures expected today may influence USD volatility, with upward revisions supporting the dollar.
- Durable Goods Orders: A key indicator of manufacturing health, any significant changes could impact USD and related pairs.
2. European Central Bank (ECB) Commentary
- Interest Rate Speculation: ECB officials are scheduled to speak, potentially hinting at future rate hikes or cuts.
- Economic Outlook: Insights into economic health and inflation expectations could affect EUR movements.
- Policy Adjustments: Discussions around monetary policy adjustments may influence EUR/USD and EUR/GBP pairs.
3. UK Political Developments
- Brexit Negotiations: Ongoing discussions and any breakthroughs or setbacks could significantly impact GBP.
- Economic Policy Announcements: New fiscal policies or economic measures might lead to increased GBP volatility.
- Inflation Data: Recent inflation figures will be scrutinized for implications on the Bank of England's interest rate decisions.
4. China-US Trade Relations
- Tariff Announcements: Any new developments or changes in tariffs could affect risk sentiment and impact currencies like AUD, NZD, and JPY.
- Economic Data from China: Key releases such as PMI figures will provide insights into the Chinese economy, influencing commodity currencies.
- Diplomatic Talks: Positive or negative shifts in diplomatic relations could drive market sentiment and risk-related currency pairs.
5. Crude Oil Price Movements
- OPEC+ Meeting Outcomes: Decisions on production levels could influence oil prices, impacting CAD, NOK, and RUB.
- US Inventory Data: Changes in US crude oil inventories could provide short-term volatility in oil prices and related currencies.
- Geopolitical Tensions: Escalating or easing tensions in oil-producing regions may affect supply concerns, influencing the broader market sentiment.
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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.
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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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ATFX Market Outlook 3rd July 2025
Wednesday’s ADP report showed a surprise decline of 33,000 private-sector jobs in June, marking the first contraction since March 2023 as economic uncertainty weighed on hiring. U.S. equities surged, with the S&P 500 and Nasdaq closing at record highs, driven by gains in tech stocks and relief following the U.S.–Vietnam trade agreement, which eased concerns over prolonged trade tensions
ATFX
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ATFX Market Outlook 2nd July 2025
Fed Chairman Powell emphasised the need for more data before considering interest rate cuts, with a July cut still a possibility. On Tuesday, the Nasdaq and S&P 500 closed lower due to weakness in large tech stocks, with the Nasdaq down 0.82% and the S&P 500 down 0.11%. In contrast, the Dow rose by 0.91% amid volatile trading and low liquidity.
ATFX
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EURUSD hits another milestone
EURUSD upgrades short-term outlook as non-stop rally reaches 1.1800. Technical picture reflects cooling buying interest.
XM Group
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US500, EURUSD, USDJPY
New record high for US 500 amid relief rally; Eurozone preliminary CPI to be within ECB’s target; EURUSD hits 4-year high; US NFP report the highlight of the week; USDJPY eases
XM Group
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Gold Slips, Dollar Dips as Risk Sentiment Improves | 30th June, 2025
Gold dips toward $3,250 as risk sentiment improves and safe-haven demand fades. EUR/USD and GBP/USD stay firm above 1.1700 and 1.3700, while USD/CAD weakens to 1.3650 on rising oil and trade hopes. Trump's renewed Fed criticism shakes USD sentiment ahead of key inflation and GDP data this week.
Moneta Markets
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Oil Rises, Dollar Stalls as Risk Appetite Builds | 27th June, 2025
WTI crude nears $75 on strong US inventory draw, boosting risk sentiment. The US Dollar remains weak amid Fed independence fears, lifting AUD/USD to 0.6880 and EUR/USD near 1.1700. USD/JPY retreats while USD/CNY stays steady on a firmer PBOC fix. Focus shifts to US PCE data and global central bank commentary.
Moneta Markets
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