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 | 876 hari yang lalu

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.
DNA Markets
Tipe: ECN
Regulasi: ASIC (Australia), IFC (St. Lucia)
baca selengkapnya
The dollar saves the day

The dollar saves the day

The dollar rebounds as the AI-driven S&P 500 sell-off boosts safe-haven demand, while the BoE’s first hike since 2023 fails to support the pound.
FxPro | 1 hari yang lalu
Tech Stocks Lead US Selloff Ahead of Payrolls

Tech Stocks Lead US Selloff Ahead of Payrolls

AI-related shares led the worst US equity session since 2020 as investors feared tighter oversight of AI and data-center buildout following the midterm results; Truist called it a “buyers’ strike in tech.” The selloff is spreading beyond Wall Street: Korean chipmakers fell about 10% before the open, the Kospi dropped below 5,000, CoreWeave’s five-year credit default swap widened to a record
ATFX | 1 hari yang lalu
Democrats' Midterm Victory Sends Dollar and Oil Lower

Democrats' Midterm Victory Sends Dollar and Oil Lower

🗳️ Democrats win both chambers — DXY slips to 101.41, euro rises to $1.1241. Brent falls a 4th session to $93.65 after an 8%+ drop, lowest since Aug 31. Gold back above $4,000. December Fed hike odds at 81.2%. BoE expected to hike to 4% today, first rise since 2023. NFP due Friday.
CPT Markets | 2 hari yang lalu
US Midterms: Early Democratic Senate Wins Sink Dollar and Drag Futures Lower

US Midterms: Early Democratic Senate Wins Sink Dollar and Drag Futures Lower

Markets are awaiting the outcome of the race to control Congress. The result could reshape government spending plans and regulations for technology and crypto companies. Several key races remain undecided, so stocks, bonds and currencies may swing as results come in. After the Democratic Party won early Senate races, the U.S. dollar weakened across the board in early Asian trading. U.S. stock inde
ATFX | 3 hari yang lalu