Forex Market Report - 2nd August 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
|
Pred 287 dňami
1. U.S. Employment Data Release
- Non-Farm Payrolls: Expected to show moderate growth, influencing USD strength.
- Unemployment Rate: Forecasted to remain stable; deviations could impact market sentiment.
- Average Hourly Earnings: Watch for any uptick as it may signal inflationary pressures.
2. Eurozone Inflation Figures
- CPI Data: Anticipated to confirm persistent inflation, affecting ECB's policy outlook.
- Core Inflation: Closely monitored for signs of underlying inflation trends.
- Market Reaction: EUR could see volatility based on inflation readings and ECB commentary.
3. Bank of England Interest Rate Decision
- Rate Hike Expectations: Market pricing in a potential rate hike to combat inflation.
- Economic Projections: Updates on growth and inflation forecasts will be critical.
- GBP Volatility: Significant movements likely around the announcement and subsequent press conference.
4. China Trade Balance Report
- Export Data: Decline expected due to global demand slowdown, impacting CNY and commodity currencies.
- Import Data: Insights into domestic economic health and commodity demand.
- Market Impact: Key for assessing global trade dynamics and risk sentiment.
5. U.S. Treasury Yield Movements
- 10-Year Yield: Recent uptick influencing USD and broader financial markets.
- Inflation Expectations: Monitoring yields for signs of changing inflation outlook.
- Risk Appetite: Higher yields could weigh on equities and riskier assets, benefiting safe havens.
To begin your trading journey, visit www.dnamarkets.com
read more
Is the market underestimating XRP’s breakout potential?
Bitcoin is making waves above $100K. Ethereum has the ETF crowd buzzing. But XRP? It’s quietly gearing up for what could be its biggest move yet - and most people aren’t paying attention.
Deriv
|
Pred 4 h 45 min
Crypto market close to a top, with the possibility of a slight decline
Expert market comment made by Chief Market Analyst Alex Kuptsikevich of the FxPro Analyst Team: Crypto market close to a top, with the possibility of a slight decline
FxPro
|
Pred 5 h 20 min
EBC Markets Briefing | EU firms yet to get out of the hole
European shares closed higher Thursday, led by industrials. Despite the new trade truce, uncertainty still clouds European firms' outlook.
EBC Financial Group
|
Pred 6 h 40 min
Dollar extends pullback, stocks mixed as markets lack direction
Dollar close to reversing weekly gains as trade euphoria fizzles out. But stocks maintain some momentum as Fed rate cut bets get small boost. Gold headed for weekly losses as it struggles to bounce back.
XM Group
|
Pred 8 h 9 min
Surprising US price weakness and renewed dollar drowning
Expert market comment made by Chief Market Analyst Alex Kuptsikevich of the FxPro Analyst Team: Surprising US price weakness and renewed dollar drowning
FxPro
|
Pred 10 h 15 min
EUR/USD Unchanged Amid Mixed News and Lingering Risks
The EUR/USD pair remained steady near 1.1196 on Friday, closing the week with little movement.
RoboForex
|
Pred 10 h 31 min
ATFX Market Outlook 16th May 2025
U.S. retail sales increased at a much weaker rate in April as the pre-tariff scramble to purchase automobiles exhausted itself and shoppers trimmed other spending in the face of growing economic uncertainty. In addition, Federal Reserve Chairman Jerome Powell stated the Fed needs to reconsider its existing employment and inflation paradigm within monetary policy.
ATFX
|
Pred 15 h 34 min
EBC’s Million Dollar Trading Challenge II | Newcomer’s $544,000 Day Sets New Benchmark in EBC Challenge
On May 15, 2025, EBC's Trading Challenge saw huge gains as one trader made $544K in a day, with others profiting from gold’s sharp drop.
EBC Financial Group
|
Pred 1 dňom
