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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Před 494 dny
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 emerging from the data fog
•The US government shutdown is over.
•Central bank policy convergence helps EURUSD.
•Political scandal causes the pound to fall.
•Japan's currency interventions are ineffective
FxPro
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Před 12 h 0 min
The dollar emerging from the data fog
•The US government shutdown is over.
•Central bank policy convergence helps EURUSD.
•Political scandal causes the pound to fall.
•Japan's currency interventions are ineffective
FxPro
|
Před 12 h 0 min
The dollar emerging from the data fog
•The US government shutdown is over.
•Central bank policy convergence helps EURUSD.
•Political scandal causes the pound to fall.
•Japan's currency interventions are ineffective
FxPro
|
Před 12 h 1 min
The dollar emerging from the data fog
•The US government shutdown is over.
•Central bank policy convergence helps EURUSD.
•Political scandal causes the pound to fall.
•Japan's currency interventions are ineffective
FxPro
|
Před 12 h 1 min
Is Japan's Nikkei 225 in a Bull Run?
Ultima Markets’ latest Nikkei 225 analysis shows bulls still in control as the index consolidates near key support. See key levels and breakout scenarios.
Ultima Markets
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Před 13 h 47 min
What is Negative Balance Protection?
Discover how Negative Balance Protection shields retail traders from owing money to their broker. Learn how this FCA-mandated safeguard works in volatile markets.
Ultima Markets
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Před 13 h 55 min
The cryptocurrency market is stagnating, lagging its competitors
Crypto market steady at $3.5T; fear index drops to 15. Bitcoin wavers near 50W MA, echoing 2021 cycle patterns.
FxPro
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Před 14 h 57 min
The cryptocurrency market is stagnating, lagging its competitors
Crypto market steady at $3.5T; fear index drops to 15. Bitcoin wavers near 50W MA, echoing 2021 cycle patterns.
FxPro
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Před 14 h 57 min
