Forex Market Report - 5th 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 | 315 days ago
Stocktwits

1. US Non-Farm Payrolls (NFP) Report

  • The NFP report showed a stronger-than-expected job growth, indicating a robust labor market.
  • This data has increased speculation about further Federal Reserve interest rate hikes.
  • The US dollar gained strength across the board following the release.

2. Eurozone Inflation Data

  • Recent inflation figures from the Eurozone came in lower than anticipated, suggesting easing price pressures.
  • The European Central Bank may reconsider its aggressive rate hike strategy.
  • The euro experienced downward pressure against major currencies in response.

3. OPEC+ Meeting Outcomes

  • OPEC+ agreed to maintain current production levels despite global economic uncertainties.
  • Crude oil prices stabilized, providing some relief to oil-dependent currencies.
  • The decision has been interpreted as a balancing act between supporting prices and avoiding market oversupply.

4. Chinese Economic Data

  • China's latest manufacturing PMI fell below the 50-mark, indicating contraction.
  • Concerns about China's economic slowdown have impacted commodity currencies like the AUD and NZD.
  • The People's Bank of China may implement further stimulus measures to support growth.

5. UK Political Developments

  • Ongoing political instability in the UK, including cabinet reshuffles and policy uncertainties, has affected market sentiment.
  • The British pound remains volatile amid speculation about potential changes in fiscal and monetary policies.
  • Investors are closely monitoring developments for any signs of stability or further disruptions.
Regulation: ASIC (Australia)
Tags: Analysis
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ATFX Market Outlook 16th May 2025

ATFX Market Outlook 16th May 2025

U.S. retail sales increased at a much weaker rate in April as the pre-tariff scramble to purchase automobiles exhausted itself and shoppers trimmed other spending in the face of growing economic uncertainty. In addition, Federal Reserve Chairman Jerome Powell stated the Fed needs to reconsider its existing employment and inflation paradigm within monetary policy.
ATFX | 14h 46min ago
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HIGH RISK WARNING: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance. You could lose some or all of your initial investment. Do not invest money that you cannot afford to lose. Educate yourself on the risks associated with foreign exchange trading, and seek advice from an independent financial or tax advisor if you have any questions. Any data and information is provided 'as is' solely for informational purposes, and is not intended for trading purposes or advice. Past performance is not indicative of future results.