Forex Market Report - 15th 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 | 845 hari yang lalu

1. US Inflation Data Release 

The latest CPI data is scheduled for release, with expectations of a slight increase due to rising energy prices.Market participants are closely watching for indications of the Fed's next moves on interest rates.Any significant deviation from expectations could cause volatility in USD pairs.

2. European Central Bank (ECB) Meeting

The ECB is set to hold its policy meeting, with speculation on potential rate hikes to combat persistent inflation.Traders are looking for signals on the future of the ECB’s monetary policy and its impact on the euro.The meeting's outcome will influence EUR/USD and other euro pairs significantly.

3. Bank of Japan (BoJ) Policy Stance

Recent comments from BoJ officials suggest a possible shift away from ultra-loose monetary policy.Traders are anticipating further details on any policy adjustments that could strengthen the yen.The yen's reaction will be pivotal for JPY pairs, especially USD/JPY and EUR/JPY.

4. US Earnings Season

Key US companies are reporting earnings, providing insights into economic health and consumer spending.Strong earnings could bolster investor confidence and support risk assets, affecting USD and equity markets.Weak results might increase market uncertainty and drive safe-haven flows into USD and JPY.

5. UK GDP Figures

Upcoming GDP data release is expected to shed light on the UK's economic performance amid ongoing Brexit concerns.A better-than-expected figure could support the pound, while a poor outcome may lead to GBP depreciation.Market focus will be on GBP/USD and EUR/GBP pairs, influenced by the economic outlook.

To begin your trading journey, visit www.dnamarkets.com

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
The euro has spread its wings

The euro has spread its wings

The euro is rising as oil and the dollar fall: eurozone inflation at 4% raises the odds of an ECB rate hike, while a cooling US economy gives the Fed a reason not to rush.
FxPro | 2 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