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
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425 ngày trước
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.
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8h 51phút trước
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XM Group
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11h 28phút trước
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RoboForex
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12h 7phút trước
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XM Group
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13h 13phút trước
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FxPro
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13h 13phút trước
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EBC Financial Group
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13h 22phút trước
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Markets react to Powell’s dovish tone as gold dips near $3,365 and NZD/USD consolidates around 0.5860 despite upbeat retail sales. EUR/USD retreats toward 1.1700, while AUD/USD slips to 0.6480 on RBA easing bets. USD/CAD holds near 1.3820 after Friday’s sharp drop. Traders now eye U.S. GDP, PCE inflation, and Canada’s GDP for the next directional cues.
Moneta Markets
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14h 33phút trước
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ATFX
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16h 55phút trước
