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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490天前
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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EBC Markets Briefing | AI race is spinning out of control
Nasdaq 100 rose as investors moved into AI, with tech seeing $1.65B inflow. Despite manufacturing slump and tariffs, Big Tech and AI support long-term gains.
EBC Financial Group
|
49分鐘前
Stocks plunge on AI valuation worries, gold and yen bounce back
Risk aversion mounts amid increasing doubts about AI valuations. Nasdaq leads the declines on Wall Street, Nikkei tumbles 2.5%. Gold and yen attract safe-haven bids but panic may already be easing.
XM Group
|
2小時12分鐘前
ETHUSD Falls Below Key Support as Bearish Momentum Strengthens
ETHUSD remains under heavy selling pressure after slipping below key support near $3,100. Momentum indicators confirm a broad bearish bias, with lower-timeframe charts suggesting the next target could be $3,000.
Ultima Markets
|
2小時15分鐘前
Forex goes to safe havens
• The shutdown may end soon.
• Increased volatility supports the dollar.
• The Bank of Japan recalls deflation.
• The pound is frightened by tax increases.
FxPro
|
2小時29分鐘前
Forex goes to safe havens
• The shutdown may end soon.
• Increased volatility supports the dollar.
• The Bank of Japan recalls deflation.
• The pound is frightened by tax increases.
FxPro
|
2小時30分鐘前
GBP/USD takes a hit on UK budget jitters
GBP/USD slides to 1.3000 on tax-hike fears. Bears break 2025 uptrend as technical signals point to oversold conditions.
XM Group
|
2小時55分鐘前
If the 4-year cycles are still alive, BTC faces a pullback to $70K
Crypto market drops 2.4%, hitting $3.3T — its lowest since July, sliding into bear territory below 200-day average.
FxPro
|
3小時13分鐘前
If the 4-year cycles are still alive, BTC faces a pullback to $70K
Crypto market drops 2.4%, hitting $3.3T — its lowest since July, sliding into bear territory below 200-day average.
FxPro
|
3小時13分鐘前
