Forex Market Report - 5th 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 | 419 दिनों पहले

1. US Non-Farm Payrolls (NFP) Report

  • The NFP report showed a stronger-than-expected job growth, indicating a robust labor market.
  • This data has increased speculation about further Federal Reserve interest rate hikes.
  • The US dollar gained strength across the board following the release.

2. Eurozone Inflation Data

  • Recent inflation figures from the Eurozone came in lower than anticipated, suggesting easing price pressures.
  • The European Central Bank may reconsider its aggressive rate hike strategy.
  • The euro experienced downward pressure against major currencies in response.

3. OPEC+ Meeting Outcomes

  • OPEC+ agreed to maintain current production levels despite global economic uncertainties.
  • Crude oil prices stabilized, providing some relief to oil-dependent currencies.
  • The decision has been interpreted as a balancing act between supporting prices and avoiding market oversupply.

4. Chinese Economic Data

  • China's latest manufacturing PMI fell below the 50-mark, indicating contraction.
  • Concerns about China's economic slowdown have impacted commodity currencies like the AUD and NZD.
  • The People's Bank of China may implement further stimulus measures to support growth.

5. UK Political Developments

  • Ongoing political instability in the UK, including cabinet reshuffles and policy uncertainties, has affected market sentiment.
  • The British pound remains volatile amid speculation about potential changes in fiscal and monetary policies.
  • Investors are closely monitoring developments for any signs of stability or further disruptions.
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Currencies in Focus: Australian Dollar Strong Amidst US Dollar’s Decline | 28th August 2025

Currencies in Focus: Australian Dollar Strong Amidst US Dollar’s Decline | 28th August 2025

AUD/USD climbs toward 0.6510 on strong local data and USD weakness, while gold retreats from $3,400 on profit-taking despite Fed cut bets. EUR/JPY holds above 171.00 but French political risks cap gains. USD/INR steadies near 87.80 as tariffs offset dollar softness, while USD/CAD slips toward 1.3750 ahead of US GDP and PCE. Traders brace for key US data to set the tone.
Moneta Markets | 14घंटे 50 मिनट पहले
Dollar slides as September Fed cut nearly a done deal

Dollar slides as September Fed cut nearly a done deal

NY Fed President Williams says rates likely to fall - Anxiety about Trump’s efforts to influence Fed policy intensifies - Spotlight turns to PCE inflation numbers and next week’s NFP - S&P 500 hits new record, but Nvidia slides after earnings results
XM Group | 14घंटे 58 मिनट पहले
Bitcoin is inspired by altcoins and stocks

Bitcoin is inspired by altcoins and stocks

Expert market comment made by Chief Market Analyst Alex Kuptsikevich of the FxPro Analyst Team: Bitcoin is inspired by altcoins and stocks
FxPro | 15घंटे 14 मिनट पहले
ATFX Market Outlook 28th August 2025

ATFX Market Outlook 28th August 2025

S&P 500 Index closed at a new record high on Wednesday as investors awaited the week’s most anticipated event—Nvidia’s quarterly earnings after the bell, which will test whether the rally in AI-related valuations can be sustained. The Dow rose 0.32%, the S&P 500 gained 0.24%, and the Nasdaq added 0.2%.
ATFX | 15घंटे 32 मिनट पहले