Forex Market Report - 19th June 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.

1. Federal Reserve Policy Meeting

  • The Federal Reserve is set to announce its interest rate decision today, with markets anticipating a potential rate hike.
  • Key focus will be on the Fed's statement and press conference for insights into future monetary policy direction.
  • Traders should watch for volatility in USD pairs and US equity markets following the announcement.

2. Eurozone Inflation Data

  • Latest CPI data for the Eurozone will be released, providing crucial insights into inflationary pressures.
  • Expectations are for a slight decrease in inflation, which could influence ECB's policy stance.
  • EUR/USD and EUR/GBP pairs might experience significant movements based on the inflation figures.

3. UK Employment Figures

  • The UK is publishing its latest employment data, including the unemployment rate and average earnings.
  • A lower unemployment rate and higher earnings growth could bolster the GBP, signaling economic resilience.
  • Market participants should monitor GBP/USD and GBP/JPY for potential reactions.

4. China Economic Indicators

  • China will release industrial production and retail sales data, key indicators of economic health.
  • Recent lockdowns and trade tensions may reflect negatively in these figures, affecting market sentiment.
  • AUD/USD and NZD/USD could be impacted due to their close economic ties with China.

5. Crude Oil Inventories Report

  • The EIA will publish its weekly crude oil inventories report, with current forecasts predicting a drawdown.
  • A larger than expected drawdown could push oil prices higher, influencing commodity currencies like CAD and NOK.
  • Traders should keep an eye on USD/CAD and crude oil futures for potential trading opportunities.
DNA Markets
종류: ECN
규제: ASIC (Australia), IFC (St. Lucia)
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The dollar emerging from the data fog

The dollar emerging from the data fog

•The US government shutdown is over. •Central bank policy convergence helps EURUSD. •Political scandal causes the pound to fall. •Japan's currency interventions are ineffective
FxPro | 1 시간 22 분 전
The dollar emerging from the data fog

The dollar emerging from the data fog

•The US government shutdown is over. •Central bank policy convergence helps EURUSD. •Political scandal causes the pound to fall. •Japan's currency interventions are ineffective
FxPro | 1 시간 22 분 전
The dollar emerging from the data fog

The dollar emerging from the data fog

•The US government shutdown is over. •Central bank policy convergence helps EURUSD. •Political scandal causes the pound to fall. •Japan's currency interventions are ineffective
FxPro | 1 시간 23 분 전
The dollar emerging from the data fog

The dollar emerging from the data fog

•The US government shutdown is over. •Central bank policy convergence helps EURUSD. •Political scandal causes the pound to fall. •Japan's currency interventions are ineffective
FxPro | 1 시간 23 분 전
The dollar roller coaster ride

The dollar roller coaster ride

•The acceleration of foreign economies will weaken the US dollar. •The USD index may fall another 13.5%. •GBP is pressured by political uncertainty. •Verbal interventions are not helping the yen.
FxPro | 1 일 전