Forex Market Report - 31st May 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
|
451日前
1. U.S. Economic Data Releases
- Non-Farm Payrolls (NFP) Report: The NFP report is scheduled for release today, with expectations of strong job growth which could impact USD volatility.
- ISM Manufacturing PMI: The latest ISM Manufacturing PMI data will be released, potentially influencing market sentiment on U.S. economic health.
- ADP Employment Change: This report, released earlier this week, showed a higher-than-expected increase in private sector jobs, reinforcing USD strength.
2. Eurozone Inflation Data
- Eurozone CPI: Preliminary CPI data for the Eurozone indicates a slight increase in inflation, which could pressure the ECB to adjust monetary policy.
- Germany's Retail Sales: Recent figures showed unexpected growth, suggesting resilience in the Eurozone's largest economy.
- ECB Meeting Minutes: Minutes from the latest ECB meeting highlighted concerns over persistent inflation, hinting at possible policy tightening.
3. U.K. Economic Indicators
- Bank of England (BoE) Rate Decision: The BoE is set to announce its rate decision, with markets anticipating a potential hike to combat rising inflation.
- U.K. GDP Growth: Preliminary GDP figures showed modest growth, supporting a cautious economic outlook.
- Manufacturing PMI: The latest Manufacturing PMI came in lower than expected, indicating slower growth in the sector.
4. Asia-Pacific Developments
- China's Manufacturing Data: Recent PMI data showed contraction, raising concerns about China's economic recovery and impacting AUD and NZD.
- Bank of Japan (BoJ) Policy Update: The BoJ maintained its ultra-loose monetary policy, which continues to weaken the JPY.
- Australian GDP: Quarterly GDP figures indicated stronger-than-expected growth, supporting AUD despite global uncertainties.
5. Geopolitical Events
- U.S. Debt Ceiling Talks: Ongoing negotiations in the U.S. regarding the debt ceiling are creating market jitters, affecting overall market stability.
- Ukraine Conflict: Escalation in the Ukraine conflict is contributing to risk-off sentiment, impacting EUR and safe-haven currencies like USD and JPY.
- Middle East Tensions: Renewed tensions in the Middle East are driving volatility in oil prices, which can influence commodity currencies such as CAD and NOK.
To begin your trading journey, visit www.dnamarkets.com
read more
Market greed has shifted to smaller names
Expert market comment made by Chief Market Analyst Alex Kuptsikevich of the FxPro Analyst Team: Market greed has shifted to smaller names
FxPro
|
13時45分前
Fed Chair Powell pushes the dollar off a cliff
Powell hints at a September cut, traders sell dollars. Wall Street indices rally, Dow Jones hits fresh record high. Attention to slowly shift to PCE inflation data later this week. BoJ Gov. Ueda expresses optimism about another rate hike soon.
XM Group
|
16時22分前
Euro Rallies Against Dollar After Powell's Cautious Jackson Hole Speech
The euro strengthened against the US dollar on Friday following a speech by Federal Reserve Chair Jerome Powell at the Jackson Hole Economic Symposium, closing the week on a positive note. While Powell acknowledged the potential for an interest rate cut as soon as September, he refrained from making any explicit commitments.
RoboForex
|
17時1分前
EURUSD remains rangebound after pullback from four-week high
EURUSD resumes sideways trading near 1.700. Price action remains above SMAs. Momentum indicators confirm consolidation.
XM Group
|
18時8分前
Bitcoin drags crypto down
Expert market comment made by Chief Market Analyst Alex Kuptsikevich of the FxPro Analyst Team: Bitcoin drags crypto down
FxPro
|
18時8分前
EBC Markets Briefing | Hang Seng eyes 4-year high
The Hang Seng index surged 2% on Monday after Fed Chair Powell signalled rate cuts, with lower US borrowing costs likely benefiting global tech firms.
EBC Financial Group
|
18時17分前
Markets React to Powell’s Dovish Tone: Gold Slips, USD Mixed Across Majors | 25th August 2025
Markets react to Powell’s dovish tone as gold dips near $3,365 and NZD/USD consolidates around 0.5860 despite upbeat retail sales. EUR/USD retreats toward 1.1700, while AUD/USD slips to 0.6480 on RBA easing bets. USD/CAD holds near 1.3820 after Friday’s sharp drop. Traders now eye U.S. GDP, PCE inflation, and Canada’s GDP for the next directional cues.
Moneta Markets
|
19時28分前
ATFX Market Outlook 25th August 2025
Federal Reserve Chair Jerome Powell hinted that rate cuts may be needed but stressed caution, while unveiling a new policy framework with a flexible inflation target. U.S. equities closed higher on Friday, with the Dow Jones Industrial Average reaching a record closing high. Investors poured into risk assets, driving the Dow up 1.89%, the S&P 500 up 1.52%, and the Nasdaq Composite up 1.88%.
ATFX
|
21時50分前
