Forex Market Report - 26th June 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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hace 495
1. US Consumer Confidence Report
- Consumer confidence rose to 110.2, above forecasts of 108.
- Positive consumer sentiment may support USD strength in the short term.
- Analysts suggest increased consumer spending could boost Q2 GDP.
2. ECB President Speech
- ECB President emphasized the need for sustained monetary policy tightening to combat inflation.
- Indications of possible rate hikes in the upcoming July meeting.
- Eurozone bond yields responded with a slight increase, supporting the EUR.
3. UK Inflation Data
- UK CPI data showed a slight decrease to 7.8% YoY from 8.2% last month.
- Lower inflation may reduce pressure on the Bank of England to raise interest rates.
- GBP experienced minor fluctuations but remained stable post-release.
4. US Durable Goods Orders
- Durable goods orders increased by 1.2% in May, exceeding expectations of 0.8%.
- Strong orders indicate robust manufacturing activity and economic resilience.
- The positive data supports USD, especially against JPY and EUR.
5. Japan Retail Sales
- Japan's retail sales grew by 3.5% YoY in May, beating the forecast of 3.0%.
- Increased domestic spending suggests economic recovery momentum.
- JPY strengthened slightly against USD and EUR following the release.
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The dollar is regaining authority
Market fears did not materialise
The shutdown helps the US dollar
The yen became October's outsider
The Bank of England may cut rates
FxPro
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hace 8h 44min
USDPJY, AUDUSD, GBPUSD
Fed speakers and ADP data in focus; USDJPY near 8-month high; RBA to hold rates at 3.60%; AUDUSD under pressure; BoE likely to stand pat; GBPUSD weak, eyes 6½ -month low
XM Group
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hace 8h 51min
Dollar traders lock gaze on private data
Dollar extends gains following hawkish Fed decision - Amid ongoing US shutdown, ADP and ISM reports enter the spotlight - Yen and pound stay wounded due to dovish BoJ and BoE bets - Stocks gain, gold rebounds, oil opens with positive gap on OPEC decision
XM Group
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hace 9h 8min
The crypto market is attempting to break through its local bottom
Crypto market down 7.7% to $3.6T; Bitcoin tests 200-day MA, risks deeper fall if stocks drop and dollar strengthens.
FxPro
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hace 9h 49min
Technical Analysis – Are gold bulls completely down?
Gold shifts to consolidation phase near two-week low
Short-term technical signals keep favoring the bulls
Traders need a close above 4,132
XM Group
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hace 10h 10min
EUR/USD Under Sustained Pressure as Markets Await Key Data
The EUR/USD pair is declining for a fourth consecutive session, edging closer to the 1.1532 level. Investor sentiment remains cautious as markets digest recent trade developments and await a slew of high-impact economic data.
RoboForex
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hace 10h 34min
ATFX Market Outlook 3rd November 2025
U.S. equities ended higher on Friday, led by Amazon’s upbeat earnings forecast, though investor optimism was tempered by renewed caution from several Federal Reserve officials. For the week, the S&P 500 rose 0.7%, the Nasdaq gained 2.24%, and the Dow added 0.75%. Several Fed hawks voiced opposition to further rate cuts, citing persistent inflation risks, which boosted the U.S. Dollar Index
ATFX
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hace 10h 41min
Gold: correction is not over yet
Stronger dollar and yields push gold below $4,000 as Fed eases, geopolitics calm, and central bank demand wanes.
FxPro
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hace 11h 9min
