Forex Market Report - 28th 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.

1. US Economic Data Releases

  • The Core Personal Consumption Expenditures (PCE) Price Index, a key inflation gauge for the Federal Reserve, is set for release.
  • Traders anticipate any signals that might influence the Fed's future rate decisions.
  • Weekly jobless claims data will be scrutinized for signs of labor market strength or weakness, impacting USD movements.
  • The final reading of Q1 GDP will be closely watched to gauge the overall health of the US economy, potentially affecting market sentiment and dollar valuation.

2. Eurozone Economic Indicators

  • Data on Germany's unemployment rate will provide insights into the health of the Eurozone's largest economy, influencing EUR trading.
  • Inflation data for the Eurozone will be critical in assessing the European Central Bank's future monetary policy stance.
  • Consumer spending figures from France will help traders evaluate the economic recovery in the second-largest Eurozone economy.

3. Central Bank Activities

  • Bank of England Governor Andrew Bailey's speech may offer hints on future monetary policy actions amidst ongoing inflation concerns.
  • Remarks from various Fed officials, including Chair Jerome Powell, could provide further clarity on the Fed's policy trajectory.
  • The release of BOJ's meeting minutes will be analyzed for any shifts in their ultra-loose monetary policy stance.

4. Geopolitical Developments

  • Ongoing developments in the Russia-Ukraine conflict continue to impact energy prices and risk sentiment globally.
  • Any updates on trade negotiations between the US and China could influence market risk appetite and commodity currencies.
  • Escalations in Middle East tensions, particularly involving major oil producers, could lead to volatility in oil prices and related currencies.

5. Commodity Market Movements

  • The upcoming OPEC+ meeting will be critical in determining oil production levels, with significant implications for crude oil prices.
  • Gold prices remain sensitive to US dollar strength and inflation expectations, with recent movements indicating cautious market sentiment.
  • Weather conditions and geopolitical developments continue to impact agricultural commodities, influencing currencies of major exporting nations.
DNA Markets
Type: ECN
Réglementation: ASIC (Australia), IFC (St. Lucia)
read more
Markets Calm as Shutdown Nears End | 11th November 2025

Markets Calm as Shutdown Nears End | 11th November 2025

Global markets steadied as optimism grew over a potential U.S. government shutdown resolution. The USD gained modestly, boosting commodity-linked currencies while Gold and Silver extended gains on Fed rate cut expectations. Oil held near recent highs, and risk sentiment recovered cautiously amid improving fiscal outlook and softer U.S. data.
Moneta Markets | il y a 34 minutes
ATFX Market Outlook 11th November 2025

ATFX Market Outlook 11th November 2025

The U.S. Senate’s compromise bill has cleared an initial hurdle, raising hopes that the most extended government shutdown in U.S. history could end this week. U.S. stocks surged on Monday, led by strong gains in heavyweight AI-related companies, including Nvidia and Palantir.
ATFX | il y a 6h 22min
Investors cheer potential end to US government shutdown

Investors cheer potential end to US government shutdown

G10 FX performance points to increased risk appetite - US Senate advances a bill to fund government until January 30 - Wall Street futures gain on prospect of US gov. reopening - Gold rebounds strongly, perhaps in catch-up response
XM Group | il y a 22h 58min
The dollar plays on bets

The dollar plays on bets

• The US dollar is losing confidence again. • The Fed doubts that interest rates will be lowered. • The Bank of Japan intends to continue the cycle. • The yen is testing the authorities' resolve.
FxPro | il y a 23h 22min
Gold Climbs to Two-Week High

Gold Climbs to Two-Week High

On Monday, gold advanced by more than 1% to 4,050 USD per ounce, reaching a fresh two-week high. The rally was fuelled by mounting concerns over the health of the US economy.
RoboForex | il y a 1