Forex Market Report - 3rd 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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il y a 500
1. US Economic Data Releases
- Non-Farm Payrolls: The upcoming release is expected to show a significant increase in job creation, which could bolster the USD.
- ISM Manufacturing PMI: A decline is anticipated, signaling potential weakness in the manufacturing sector.
- Federal Reserve Minutes: Insights into the Fed’s views on inflation and future rate hikes will be closely watched.
2. Eurozone Economic Developments
- German Industrial Production: A decrease is projected, highlighting ongoing challenges in Europe’s largest economy.
- ECB Policy Statements: Remarks on inflation control and monetary policy adjustments are critical for EUR direction.
- Eurozone Inflation Data: Rising inflation figures may prompt the ECB to consider more aggressive policy measures.
3. Asian Market Movements
- China’s Trade Balance: A narrowing surplus is expected, reflecting global trade dynamics and domestic economic shifts.
- Bank of Japan’s Stance: Continued dovish policies could keep the JPY under pressure against other major currencies.
- Australian Retail Sales: A slowdown in consumer spending might influence RBA’s interest rate decisions.
4. Geopolitical Tensions
- US-China Relations: Ongoing trade and technology disputes are affecting market sentiment and risk appetite.
- Russia-Ukraine Conflict: Continued instability and sanctions are impacting energy markets and EUR performance.
- Middle East Developments: Any escalation in the region could lead to volatility in oil prices and safe-haven assets.
5. Commodity Price Fluctuations
- Oil Prices: Fluctuations due to OPEC+ production decisions and global demand outlooks are influencing CAD and NOK.
- Gold Market: Safe-haven demand is increasing amid global economic uncertainties and inflation concerns.
- Agricultural Commodities: Weather patterns and supply chain issues are affecting prices, impacting currencies of export-reliant countries.
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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
|
il y a 13h 15min
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
|
il y a 13h 15min
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
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il y a 16h 1min
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
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il y a 16h 46min
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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il y a 17h 28min
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
|
il y a 17h 55min
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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il y a 20h 1min
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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il y a 22h 58min
