Forex Market Report - 5th 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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319 dias atrás
1. US Non-Farm Payrolls (NFP) Report
- The NFP report showed a stronger-than-expected job growth, indicating a robust labor market.
- This data has increased speculation about further Federal Reserve interest rate hikes.
- The US dollar gained strength across the board following the release.
2. Eurozone Inflation Data
- Recent inflation figures from the Eurozone came in lower than anticipated, suggesting easing price pressures.
- The European Central Bank may reconsider its aggressive rate hike strategy.
- The euro experienced downward pressure against major currencies in response.
3. OPEC+ Meeting Outcomes
- OPEC+ agreed to maintain current production levels despite global economic uncertainties.
- Crude oil prices stabilized, providing some relief to oil-dependent currencies.
- The decision has been interpreted as a balancing act between supporting prices and avoiding market oversupply.
4. Chinese Economic Data
- China's latest manufacturing PMI fell below the 50-mark, indicating contraction.
- Concerns about China's economic slowdown have impacted commodity currencies like the AUD and NZD.
- The People's Bank of China may implement further stimulus measures to support growth.
5. UK Political Developments
- Ongoing political instability in the UK, including cabinet reshuffles and policy uncertainties, has affected market sentiment.
- The British pound remains volatile amid speculation about potential changes in fiscal and monetary policies.
- Investors are closely monitoring developments for any signs of stability or further disruptions.
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Moneta Markets
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12 h 50 min atrás
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14 h 53 min atrás
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XM Group
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15 h 10 min atrás
Euro Rises as US Dollar Comes Under Pressure Amid Budget Deficit Concerns
The EUR/USD pair climbed to 1.1243 on Tuesday, marking another attempt to break free from the narrow trading range it has occupied for over a week. This latest upward movement could prove more decisive than previous efforts.
RoboForex
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15 h 48 min atrás
GBPUSD exits bearish channel
GBPUSD increases odds of bullish continuation . A break above 1.3440 could hand over control to the bulls.
XM Group
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16 h 25 min atrás
EBC’s Guide to Navigating FX Volatility Following the Cooling US CPI
EBC guides traders through FX market shifts as US CPI cools, highlighting central bank moves and interest rate impacts on global currencies.
EBC Financial Group
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20 h 39 min atrás
