Forex Market Report - 26th 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.
DNA Markets
|
321 hari yang lalu
1. US Consumer Confidence Report
- Consumer confidence rose to 110.2, above forecasts of 108.
- Positive consumer sentiment may support USD strength in the short term.
- Analysts suggest increased consumer spending could boost Q2 GDP.
2. ECB President Speech
- ECB President emphasized the need for sustained monetary policy tightening to combat inflation.
- Indications of possible rate hikes in the upcoming July meeting.
- Eurozone bond yields responded with a slight increase, supporting the EUR.
3. UK Inflation Data
- UK CPI data showed a slight decrease to 7.8% YoY from 8.2% last month.
- Lower inflation may reduce pressure on the Bank of England to raise interest rates.
- GBP experienced minor fluctuations but remained stable post-release.
4. US Durable Goods Orders
- Durable goods orders increased by 1.2% in May, exceeding expectations of 0.8%.
- Strong orders indicate robust manufacturing activity and economic resilience.
- The positive data supports USD, especially against JPY and EUR.
5. Japan Retail Sales
- Japan's retail sales grew by 3.5% YoY in May, beating the forecast of 3.0%.
- Increased domestic spending suggests economic recovery momentum.
- JPY strengthened slightly against USD and EUR following the release.
To begin your trading journey, visit www.dnamarkets.com
read more
German economic sentiment rebound supports the euro
Expert market comment made by Chief Market Analyst Alex Kuptsikevich of the FxPro Analyst Team: German economic sentiment rebound supports the euro
FxPro
|
8j 10min yang lalu
Oil gains on production decline, trade optimism
Expert market comment made by Chief Market Analyst Alex Kuptsikevich of the FxPro Analyst Team: Oil gains on production decline, trade optimism
FxPro
|
11j 56min yang lalu
Crypto booked profits amid general euphoria
Expert market comment made by Chief Market Analyst Alex Kuptsikevich of the FxPro Analyst Team: Crypto booked profits amid general euphoria
FxPro
|
11j 58min yang lalu
US Dollar Roars Back in a Blaze of Glory as Market Shrugs Off Recession Fears
EUR/USD dropped to 1.1110 on Tuesday, with the US dollar surging by over 1% in the previous trading session. The rally was driven by market reactions to news of a provisional agreement between China and the US to reduce tariffs, which helped alleviate global recession fears.
RoboForex
|
12j 2min yang lalu
WTI OIL Analysis: Oil Prices are Overly Optimistic
In this comprehensive analysis, Ultima Markets brings you an insightful breakdown of the WTI OIL for May 13th, 2025.
Ultima Markets
|
12j 42min yang lalu
Dollar’s resilience could be tested after Monday’s surge
Risk appetite is slightly receding today after Monday’s boost; US stocks and the dollar experienced considerable moves on Monday; US CPI in focus today, but investors are craving Fed commentary; Gold is climbing today, as oil maintains most of Monday’s gains;
XM Group
|
12j 57min yang lalu
Think All Central Banks Move Together? EBC Shows Why That’s No Longer True
EBC highlights how diverging central bank policies and rising geopolitical risks are reshaping global markets and forcing traders to rethink their strategies.
EBC Financial Group
|
18j 5min yang lalu
US and China agree to slash tariffs, dollar and stocks surge
US and China make progress in trade talks, agree to 90-day reprieve. Dollar, stocks and oil jump as both sides to temporarily lower tariffs by 115%. But trade deal hopes pummel gold, easing geopolitical tensions weigh too.
XM Group
|
1 hari yang lalu
