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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495 일 전
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 Financial Group
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52 분 전
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Gold stabilised at $4,000, but the upward trend has already broken down
Gold steady near $4K; strong buying above $3.9K as tariff ruling fears drive investors to safe havens amid fiscal concerns.
FxPro
|
2 일 전
The dollar risks losing support from tariff revenues
• The US risks losing tariff revenues.
• The American labour market is cooling down.
• EURUSD may rise to 1.21.
• The pound rose but remains under pressure.
FxPro
|
2 일 전
The dollar risks losing support from tariff revenues
• The US risks losing tariff revenues.
• The American labour market is cooling down.
• EURUSD may rise to 1.21.
• The pound rose but remains under pressure.
FxPro
|
2 일 전
ZEC as the omen of a brewing storm in crypto
Crypto market dips 1% to $3.4T. Bitcoin holds above $100K near 50-week MA; sellers may still be unloading.
FxPro
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2 일 전
ZEC as the omen of a brewing storm in crypto
Crypto market dips 1% to $3.4T. Bitcoin holds above $100K near 50-week MA; sellers may still be unloading.
FxPro
|
2 일 전
Risk markets struggle on lack of bullish catalysts
US equities seek direction amidst mixed newsflow; Hawkish Fedspeak, light data calendar and the US shutdown dent risk appetite; Cryptos under heavy pressure; gold struggles to rally above $4,000; Pound gains despite dovish BoE but outlook remains clouded;
XM Group
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2 일 전
