Forex Market Report - 14th 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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817 days ago
1. US Federal Reserve Policy Meeting
- The Federal Reserve is expected to announce its decision on interest rates today.
- Speculation surrounds a potential pause in rate hikes due to mixed economic signals.
- Traders should monitor the Fed's forward guidance for clues on future monetary policy.
2. ECB President Speech
- European Central Bank President Christine Lagarde is scheduled to speak later today.
- Markets are keenly watching for comments on inflation and economic outlook.
- Any hints towards tightening or easing monetary policy could impact the Euro.
3. UK Inflation Data Release
- The UK will release its latest inflation figures, which are expected to show a slight decrease.
- Persistent inflation could influence the Bank of England's future rate decisions.
- Traders should be prepared for volatility in the GBP/USD pair following the announcement.
4. China Retail Sales and Industrial Production Data
- China's retail sales and industrial production figures for May will be released.
- Strong data could boost market sentiment and the Chinese Yuan.
- Weak results may heighten concerns about the pace of China's economic recovery.
5. OPEC Monthly Oil Market Report
- The Organization of the Petroleum Exporting Countries (OPEC) will release its monthly report today.
- The report is expected to provide insights into global oil demand and supply dynamics.
- Oil prices and commodity-linked currencies may experience significant movement based on the findings.
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Yen Hits 6-Month High, Volatility Returns After North American Holiday.
US markets were closed yesterday for a bank holiday, limiting overall market activity. The US dollar weakened as the Japanese yen surged, while crude oil extended gains amid escalating tensions in the Middle East. Iran warned it could target energy infrastructure across the region if the US launches further attacks on Iranian assets.
ATFX
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1 day ago
US Payrolls Hit 5-Month High as Markets Await CPI This Week.
U.S. and Canadian markets are closed for the holidays. With investors digesting nonfarm data and Middle East tensions high, traders should watch for unusual price swings amid low liquidity. Eurozone Q2 GDP is expected to be 0.4%, which could affect Thursday’s ECB meeting.
ATFX
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2 days ago
Week Ahead: US Jobs Strengthen Fed Hike Bets as CPI Looms
Markets enter the week with stronger employment data reshaping the rate outlook, while upcoming inflation figures could determine whether the shift in Fed expectations gains further momentum.
VT Markets
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2 days ago
Fed Remarks Dampen Rate Hike Hopes Ahead of NFP Release
The U.S. August Nonfarm Payrolls report will be released tonight, the last major employment report before the Fed’s September meeting. Markets expect payrolls to rise by 58,000 (previous: -23,000), unemployment to remain at 4.1%, and average hourly earnings to increase 0.3% m/m (previous: 0.1%). The data could significantly impact rate expectations and market volatility.
ATFX
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5 days ago
Gold and Oil Rise as Central Bank Signals Drive Currency Markets | 3rd September, 2026
Global markets remain driven by geopolitical tensions, commodity strength and shifting central-bank expectations. Gold is recovering above $4,400 as yields and the Dollar soften, while WTI stays near $90 on Middle East supply risks. JPY and CAD are strengthening, while Sterling remains under pressure ahead of US data and Friday’s NFP.
Moneta Markets
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6 days ago
Global Bond Selloff, Eyes on Central Banks & US ADP
The Reserve Bank of New Zealand and the Bank of Canada announce rate decisions in succession. This morning, the RBNZ raised rates by 25 basis points as expected; the BoC continues to balance slowing domestic growth against inflation pressures, with rates expected to remain unchanged. US ADP employment data (forecast 48K, previous 44K) will serve as a preview for Friday’s official Nonfarm Payrolls.
ATFX
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7 days ago
Week Ahead: Gold, Jobs Data and Fed Policy Shape September Markets
Markets enter the week focused on US employment data, Federal Reserve expectations and whether shifting rate outlooks can influence gold, currencies and equity markets.
VT Markets
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8 days ago
Fed Chair Speech to Set Tone for September Interest Rates Hinges
Today’s focus: Fed Chair Warsh’s speech will be pivotal in shaping market expectations for September and year‑end rate policy and will be a key factor in determining the direction of financial markets as August closes.
ATFX
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12 days ago
