Forex Market Report - 8th 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
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492 วันที่ผ่านมา
1. US Economic Data Releases
- Nonfarm Payrolls: Expected to show significant job growth, influencing USD strength.
- Unemployment Rate: Anticipated to remain steady; any deviation could affect market sentiment.
- Inflation Data: CPI figures to be released; higher-than-expected numbers may prompt Fed policy shifts.
2. Eurozone Economic Indicators
- Industrial Production: Recent data shows a decline, raising concerns about economic slowdown.
- Consumer Confidence: Lower confidence levels reported, potentially weakening EUR.
- ECB Meeting Minutes: Insights into future monetary policy actions; dovish tones may pressure EUR.
3. Central Bank Activities
- Federal Reserve: Recent comments from Fed officials suggest a cautious approach to rate hikes.
- European Central Bank: Possible indications of prolonged accommodative policy due to economic uncertainties.
- Bank of Japan: No immediate policy changes expected, but ongoing discussions on yield curve control.
4. Geopolitical Tensions
- US-China Relations: Trade tensions persist with new tariffs discussions; impact on global risk sentiment.
- Russia-Ukraine Conflict: Continued conflict affecting energy prices and market stability.
- Middle East Developments: Rising tensions in the region could lead to increased volatility in oil prices.
5. Commodity Market Movements
- Oil Prices: Fluctuating due to geopolitical risks and supply concerns; potential impact on commodity-linked currencies.
- Gold Prices: Safe-haven demand remains strong amid economic uncertainties; influencing AUD and CAD.
- Agricultural Commodities: Weather conditions and supply chain issues affecting prices; relevant for emerging market currencies.
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The dollar roller coaster ride
•The acceleration of foreign economies will weaken the US dollar.
•The USD index may fall another 13.5%.
•GBP is pressured by political uncertainty.
•Verbal interventions are not helping the yen.
FxPro
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13 นาทีที่ผ่านมา
Yen intervention risk rises, US jobs concerns intensify
Japan’s Katayama highlights negative impact of weak yen - US labor market concerns increase chance of December Fed cut - Soft UK jobs report takes BoE rate cut probability higher - Stock futures rise; gold extends rebound despite broader optimism
XM Group
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47 นาทีที่ผ่านมา
Will Solana’s Key Support Hold or Will Selling Resume?
Ultima Markets’ SOLUSD analysis for Nov 12, 2025 points to a bearish trend, oversold signals, key support zones, and paths from brief bounce to breakdown.
Ultima Markets
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1 ชม. 16 นาทีที่ผ่านมา
2025 Guide to Finding a Truly Regulated Broker
Broker warnings are rising in 2025. Verify licences, spot clones, check official registers, and assess safeguards with this guide from Ultima Markets.
Ultima Markets
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1 ชม. 32 นาทีที่ผ่านมา
Crypto: short-term rebound within medium-term decline
Crypto market cap dips 2% to $3.47T, risking a further 9% fall to $3.2T in the ongoing downtrend.
FxPro
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1 ชม. 46 นาทีที่ผ่านมา
Pound Succumbs to Pressure from Weak Labour Data
The GBP/USD pair snapped a four-day winning streak, declining for a second day to trade around 1.3135. The sell-off was triggered by UK labour market data revealing a rise in unemployment and a deceleration in annual wage growth.
RoboForex
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1 ชม. 53 นาทีที่ผ่านมา
USDJPY hits 9-month high as intervention fears fade
USDJPY rises near 154.80; Stochastics head toward overbought area; MACD moves sideways above the zero area
XM Group
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2 ชม. 59 นาทีที่ผ่านมา
EBC Markets Briefing | Aussie dollar higher after ADP report; Merck beats on earnings
The Australian dollar rose Wednesday as US private jobs data fueled labour market concerns, with traders pricing a 68% chance of a Fed rate cut next month.
EBC Financial Group
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3 ชม. 4 นาทีที่ผ่านมา
