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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353 일 전
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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German economic sentiment rebound supports the euro
Expert market comment made by Chief Market Analyst Alex Kuptsikevich of the FxPro Analyst Team: German economic sentiment rebound supports the euro
FxPro
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2 일 전
US Dollar Roars Back in a Blaze of Glory as Market Shrugs Off Recession Fears
EUR/USD dropped to 1.1110 on Tuesday, with the US dollar surging by over 1% in the previous trading session. The rally was driven by market reactions to news of a provisional agreement between China and the US to reduce tariffs, which helped alleviate global recession fears.
RoboForex
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2 일 전
US 100, EURUSD, GBPUSD
US-China trade talks send Wall Street sharply higher; US CPI on calendar; EURUSD tumbles ahead of Eurozone GDP; US-UK trade deal and UK GDP in focus; GBPUSD below 1.3200
XM Group
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3 일 전
Moneta Markets Daily Market Update: May 12, 2025
Global financial markets on May 12, 2025, are buoyed by optimism surrounding a US-China trade deal, though uncertainties over tariff reductions temper gains. Gold drops to a one-week low near $3,253, while EUR/USD holds above 1.1200, awaiting trade deal details.
Moneta Markets
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3 일 전
Tariffs Ignite Safe-Haven Rally
Global financial markets on May 6, 2025, are stabilizing as investors await the Federal Reserve’s two-day FOMC meeting, with major currency pairs trading in tight ranges. Gold and silver rally on safe-haven demand driven by Trump’s new tariff threats and Middle East tensions, while the US Dollar holds steady despite recent weakness.
Moneta Markets
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9 일 전
ATFX Market Outlook 6th May 2025
U.S. ISM Services PMI for April indicated accelerated expansion. However, the input prices index surged to its highest level in over two years, highlighting rising inflationary pressures likely stemming from tariffs. U.S. Treasury yields inched higher, while the dollar weakened against major currencies like the euro and yen as markets assessed the ongoing uncertainty surrounding President Trump’s
ATFX
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9 일 전
EUR/USD tests key support in bid for upside
EUR/USD meets familiar support and returns above 1.1300. Technical Signals don’t yet confirm a meaningful rally. Sellers may stay on the sidelines until price falls below 1.1200.
XM Group
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10 일 전
ATFX Market Outlook 5th May 2025
Last Friday, the April Nonfarm Payrolls report in the U.S. surpassed expectations, indicating a resilient labor market. However, signs of slowing economic momentum, such as a contraction in Q1 GDP and rising jobless claims, raised concerns about a broader slowdown.
ATFX
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10 일 전
