Forex Market Report - 24th 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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vor 539 Tagen
1. US Federal Reserve Policy Updates
- Interest Rate Outlook: Recent comments from Fed officials suggest a potential pause in rate hikes, focusing instead on economic data before making further decisions.
- Economic Indicators: Watch for upcoming releases of the US GDP growth rate and employment data, which could influence the Fed's policy stance.
- Inflation Concerns: Persistent inflationary pressures may compel the Fed to reconsider their current dovish stance, impacting the USD.
2. Eurozone Economic Performance
- GDP and Inflation Data: Recent reports indicate slower growth and persistent inflation in the Eurozone, raising concerns about stagflation.
- ECB Policy Signals: The European Central Bank has hinted at maintaining current interest rates while monitoring inflation trends closely.
- Geopolitical Risks: Ongoing geopolitical tensions in Eastern Europe continue to affect economic stability and investor confidence in the Eurozone.
3. China's Economic Health
- Manufacturing PMI: Latest data shows a contraction in China's manufacturing sector, signalling potential economic slowdown.
- Policy Response: The Chinese government is expected to implement fiscal and monetary measures to stimulate growth and support key industries.
- Trade Relations: Ongoing trade tensions with major economies, particularly the US, are likely to impact export-driven growth and the yuan.
4. UK Economic and Political Developments
- Brexit Impact: Continued Brexit-related trade disruptions are affecting economic performance and business sentiment in the UK.
- Bank of England Stance: The BoE is maintaining a cautious approach to rate hikes, balancing between inflation control and economic growth.
- Political Instability: Recent political upheavals and policy uncertainties are adding to market volatility, influencing the GBP.
5. Commodity Market Trends
- Oil Prices: Fluctuating oil prices due to geopolitical tensions and supply chain disruptions are impacting commodity-linked currencies.
- Gold as Safe Haven: Increased demand for gold amid global economic uncertainties is driving up prices, benefiting currencies like AUD and CAD.
- Agricultural Commodities: Weather conditions and trade policies are significantly affecting the prices of agricultural commodities, influencing economies dependent on these exports.
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The market lacks liquidity
• The Fed may resume asset purchases.
• Carry traders are selling the US dollar.
• The chances of a BoE rate cut are increasing.
• Japan is not yet ready for intervention.
FxPro
|
vor 8Std 6 Minuten
The market lacks liquidity
• The Fed may resume asset purchases.
• Carry traders are selling the US dollar.
• The chances of a BoE rate cut are increasing.
• Japan is not yet ready for intervention.
FxPro
|
vor 8Std 6 Minuten
S&P 500 Outlook: Rip Higher or Drop Lower?
Is the S&P 500 rally over? Ultima Markets' Nov 2025 analysis breaks down key support levels, breakout scenarios, and the potential for a major move. Read our expert insight.
Ultima Markets
|
vor 10Std 51 Minuten
The crypto market has lost $1 trillion and may lose another
Crypto market cap drops 6% to $3.26T, over $1T off Oct peak, signaling a bear market and potential further 20% fall.
FxPro
|
vor 11Std 37 Minuten
Stocks slip, dollar weakens as investors grow uneasy about US outlook
US stocks sell off, led by the Nasdaq 100 index and discretionary shares; Cryptos under severe pressure, Bitcoin drops below the key $100k level; Hawkish Fedspeak and dented Fed cut expectations among the drivers; Dollar/yen stabilizes as pound suffers from political instability;
XM Group
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vor 12Std 19 Minuten
GBP/USD Mired at Seven-Month Lows Amid Political and Fiscal Concerns
The GBP/USD pair declined to 1.3149 on Friday, hovering near a seven-month low. The sell-off was triggered by the government’s abrupt abandonment of plans to raise income tax rates ahead of the Autumn Statement on 26 November.
RoboForex
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vor 12Std 46 Minuten
US100 index under pressure as slowing economy fears mount
US100 index finds strong support at 50-day SMA; MACD and RSI slow down bullish momentum; The outlook remains bullish
XM Group
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vor 14Std 52 Minuten
China Signals Boost Risk Currencies | 14th November 2025
Asian markets improved after the PBoC delivered a firmer yuan fixing, boosting risk appetite and lifting AUD and NZD. The USD eased slightly, helping major pairs stabilize. China-driven sentiment supported regional FX, while JPY remained weak and EUR held steady, with traders awaiting upcoming US data for direction.
Moneta Markets
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vor 17Std 48 Minuten
