Forex Market Report - 10/05/2024
This Forex Market Report provides a snapshot of key economic and financial developments influencing the global forex markets. Traders can monitor these factors closely to adjust their strategies accordingly.
DNA Markets
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23 dias atrás
Forex Market Report
1. Central Bank Outlooks:
- Goldman Sachs expects a "soft landing" for the U.S. economy, projecting a gradual economic deceleration without a severe downturn.
- UBS anticipates that U.S. inflation will begin to trend lower soon, which may strengthen the case for future rate cuts if inflation approaches the Federal Reserve's target.
- Federal Reserve official Kashkari suggests that the Fed might not cut interest rates this year if inflation remains static.
2. Australian Economic Indicators:
- The Australian cash rate remains steady at 4.35% as confirmed by the Reserve Bank of Australia (RBA).
- Australia's Consumer Price Index (CPI) showed a slower increase than expected in the first quarter of 2024, indicating less pressure on inflation.
- Upcoming economic statements from the RBA are highly anticipated for indications of future monetary policy direction.
3. European Economic Data:
- Germany's factory orders showed a slight decline month-on-month, indicating potential softening in industrial demand.
- The French preliminary private payrolls increased slightly, suggesting a mild improvement in the employment sector.
- The Eurozone's economic focus remains on retail sales and trade balances, providing insights into consumer behaviour and international trade dynamics.
4. U.K. Economic Highlights:
- The Halifax House Price Index (HPI) in the U.K. reported marginal growth, which could signal a stabilization in the housing market.
- The British Retail Consortium (BRC) Retail Sales Monitor indicated a sharper decline than expected, reflecting potential consumer cautiousness.
- Upcoming data on the U.K.'s construction sector PMI will be critical for gauging the overall economic health.
5. Market Volatility and Currency Strength:
- The forex market is currently experiencing fluctuations with notable strength in specific major currencies.
- Traders are focusing on currency pairs that have shown significant movement, either gaining or losing value rapidly.
- Market participants are advised to keep a close watch on economic indicators and central bank announcements that could influence market volatility and currency strength.
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Forex Market Report - 3rd 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
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1 h 31 min atrás
Daily Global Market Update
The oil-dollar pair fell by 0.7%, AUD/USD and EUR/USD were stable, and the dollar-yen traded sideways. China’s home prices rose, Tesla's CEO faces insider trading claims, and US stock indexes varied. Key economic releases include Japan’s Manufacturing PMI, US ISM Manufacturing Index, Japan’s Monetary Base, Dutch Manufacturing PMI, UK’s Retail Sales, and US ISM Manufacturing PMI.
Moneta Markets
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2 h 10 min atrás
Soft PCE Boost Equity Market
The soft PCE reading last Friday boosted the U.S. equity market, with the expectation of a more dovish Fed monetary policy in the future.
PU Prime
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4 h 14 min atrás
New Zealand Dollar gains for second day against US Dollar
The New Zealand dollar continues its ascent for the second consecutive session against the US dollar, resulting in the NZD/USD pair climbing to 0.6125.
RoboForex
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2 dias atrás
EBC Markets Briefing | OPEC+ meeting could jolt oil markets out of torpor
Oil prices fell Friday as Fed officials said rate cuts were premature, and a surprise build in US gasoline stocks added pressure.
EBC Financial Group
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2 dias atrás
EBC Daily Snapshot May 31, 2024
The dollar steadied Friday after a Q1 US GDP revision hinted at Fed rate cuts. The yen stayed above its four-week low on stable price growth.
EBC Financial Group
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2 dias atrás
EBC Daily Snapshot May 30, 2024
On Thursday, the dollar surged to a two-week high due to strong economic data and weak Treasury auctions, signaling market ripples.
EBC Financial Group
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2 dias atrás
US and Eurozone inflation data in focus
Dollar pulls back ahead of core PCE price index - Euro awaits Eurozone flash CPI data - Wall Street closes in the red, oil extends slide
XM Group
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2 dias atrás