Forex Market Report - 24th May 2024
This daily 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
|
483日前
1. US Federal Reserve Policy Updates
- Interest Rate Outlook: Recent comments from Fed officials suggest a potential pause in rate hikes, focusing instead on economic data before making further decisions.
- Economic Indicators: Watch for upcoming releases of the US GDP growth rate and employment data, which could influence the Fed's policy stance.
- Inflation Concerns: Persistent inflationary pressures may compel the Fed to reconsider their current dovish stance, impacting the USD.
2. Eurozone Economic Performance
- GDP and Inflation Data: Recent reports indicate slower growth and persistent inflation in the Eurozone, raising concerns about stagflation.
- ECB Policy Signals: The European Central Bank has hinted at maintaining current interest rates while monitoring inflation trends closely.
- Geopolitical Risks: Ongoing geopolitical tensions in Eastern Europe continue to affect economic stability and investor confidence in the Eurozone.
3. China's Economic Health
- Manufacturing PMI: Latest data shows a contraction in China's manufacturing sector, signalling potential economic slowdown.
- Policy Response: The Chinese government is expected to implement fiscal and monetary measures to stimulate growth and support key industries.
- Trade Relations: Ongoing trade tensions with major economies, particularly the US, are likely to impact export-driven growth and the yuan.
4. UK Economic and Political Developments
- Brexit Impact: Continued Brexit-related trade disruptions are affecting economic performance and business sentiment in the UK.
- Bank of England Stance: The BoE is maintaining a cautious approach to rate hikes, balancing between inflation control and economic growth.
- Political Instability: Recent political upheavals and policy uncertainties are adding to market volatility, influencing the GBP.
5. Commodity Market Trends
- Oil Prices: Fluctuating oil prices due to geopolitical tensions and supply chain disruptions are impacting commodity-linked currencies.
- Gold as Safe Haven: Increased demand for gold amid global economic uncertainties is driving up prices, benefiting currencies like AUD and CAD.
- Agricultural Commodities: Weather conditions and trade policies are significantly affecting the prices of agricultural commodities, influencing economies dependent on these exports.
read more
EBC Markets Briefing | These currencies are worth watching after Fed easing
After the Fed's rate cut, markets watch inflation-growth balance, possible Asian easing, China stimulus, and rising yuan expectations.
EBC Financial Group
|
9時24分前
Dollar extends gains, BoE and BoJ stand pat
Dollar continues the post-Fed advance - Initial jobless claims slide, validating Fed’s confidence - BoE stands pat, slows pace of quantitative tightening - BoJ appears hawkish, rate hike speculation increases
XM Group
|
12時23分前
EUR/USD Corrects Lower in Post-Fed Pause
The EUR/USD pair extended its decline on Friday, retreating further following the US Federal Reserve’s September meeting. The US dollar found support as the Fed’s rhetoric proved less dovish than markets had anticipated.
RoboForex
|
12時29分前
Yen Surges Post-BoJ, Precious Metals Mixed | 19th September 2025
The Yen surged after the BoJ’s policy decision, driving GBP/JPY, EUR/JPY, and AUD/JPY lower. Gold eased below $3,650 on USD strength, while silver held firm near $42 on Fed cut bets. Markets remain focused on BoJ signals, Fed guidance, and key U.S. data to set the next move in FX and metals.
Moneta Markets
|
13時15分前
ATFX Market Outlook 19th September 2025
U.S. initial jobless claims fell last week, though the labor market continues to soften. Major U.S. equity indices closed at record highs, led by Intel’s surge after Nvidia announced a $5 billion investment. The Dow rose 0.27%, the S&P 500 gained 0.48%, and the Nasdaq advanced 0.94%.
ATFX
|
13時36分前
EBC Markets Briefing | Oil muted as demand looks dim
Oil prices held steady Friday after falling Thursday, a day after the Fed’s first rate cut this year, amid concerns over weak U.S. fuel demand.
EBC Financial Group
|
13時46分前
USDJPY stalls as Fed and BoJ decisions keep traders on edge
USDJPY declines after BoJ meeting; Trading range still on hold; MACD and RSI move sideways confirm weakness
XM Group
|
15時25分前
EBC Markets Briefing | Gold looks slightly bearish over the next months
Gold prices surged past $3,700, with Fed rate-cut expectations and a stronger dollar pressuring gold dominating the market as global stocks hit record highs.
EBC Financial Group
|
1日前
