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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482 days ago
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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EUR/USD Corrects Lower in Post-Fed Pause
The EUR/USD pair extended its decline on Friday, retreating further following the US Federal Reserve’s September meeting. The US dollar found support as the Fed’s rhetoric proved less dovish than markets had anticipated.
RoboForex
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2 days ago
ATFX Market Outlook 19th September 2025
U.S. initial jobless claims fell last week, though the labor market continues to soften. Major U.S. equity indices closed at record highs, led by Intel’s surge after Nvidia announced a $5 billion investment. The Dow rose 0.27%, the S&P 500 gained 0.48%, and the Nasdaq advanced 0.94%.
ATFX
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2 days ago
Pound in Focus Ahead of BoE; Gold, Oil and Silver Slide | 18th September 2025
Global markets trade cautiously ahead of the BoE decision, with GBP/USD near 1.3600 and EUR/GBP below 0.8700. Gold pulls back from $3,700, silver slips under $41.50, and WTI holds a bearish tone near $62. Currencies and commodities remain data-driven, with central bank guidance set to dictate the next move.
Moneta Markets
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3 days ago
ATFX Market Outlook 18th September 2025
The Bank of England announced its policy decision later today. Markets widely expect no change in rates, but attention will be paid to policymakers’ assessment of recent data. Traders will be looking for signals on a potential rate cut in November, as U.K. inflation has rebounded toward 4%, while July GDP growth stalled and labor market conditions remain weak.
ATFX
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3 days ago
Currencies Steady Ahead of Fed; UK CPI Holds, Oil Pressured | 17th September 2025
Markets traded cautiously Wednesday as traders awaited the Fed’s rate decision. EUR/USD slipped near 1.1850, NZD/USD retreated below 0.6000, and AUD/USD stayed subdued. WTI crude came under renewed pressure, while UK CPI eased slightly to 3.8%, keeping BoE policy in focus. Volatility is expected to rise as Fed, ECB, and BoE updates drive direction across FX and commodities.
Moneta Markets
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4 days ago
EUR/USD Hits Four-Year High: All Eyes on the Fed
The EUR/USD pair surged to 1.1854 USD on Wednesday, reaching its highest level since September 2021. Investors are positioning ahead of the Federal Reserve’s highly anticipated interest rate decision, due later today.
RoboForex
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4 days ago
EUR/USD hits 4-year high amid Fed rate cut expectations
EUR/USD eyes 1.1900 round number; Breaks upward sloping channel in short-term; But RSI looks overbought
XM Group
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4 days ago
ATFX Market Outlook 17th September 2025
U.S. retail sales for August posted robust growth, but tariffs and labor market weakness continue to pose downside risks. All three major U.S. stock indices closed lower in choppy trading as investors remained cautious ahead of the Federal Reserve’s widely anticipated rate cut. The Dow Jones fell 0.27%, the S&P 500 slipped 0.13%, and the Nasdaq eased 0.07%.
ATFX
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4 days ago
