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
|
865 hari yang lalu
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.
To begin your trading journey, visit www.dnamarkets.com
baca selengkapnya
EBC Markets Briefing | "Blue Wave" poised to sweep across stock markets
US midterm results reshape market expectations, pressuring tech stocks while boosting healthcare and clean energy amid regulatory shifts.
EBC Financial Group
|
1 hari yang lalu
Stocks sink amid AI wipeout, dollar shines ahead of NFP
Nasdaq leads equity losses as AI outlook dims on fears of datacentre revolt. AI rout deepens in Asia but US futures point to some easing in selloff. Gold’s rebound hits a wall as traders turn to the safety of US dollar. Attention to turn to NFP report as December rate hike bets fade.
XM Group
|
1 hari yang lalu
US Payrolls in Focus as Wall Street Rout and Falling Yields Cap the Dollar | 6th November, 2026
A Wall Street rout pushed Treasury yields to a near two-month low and trimmed December Fed hike odds to about two-thirds, capping the Dollar ahead of today’s Nonfarm Payrolls. The BoE hiked to 4.00% unanimously, GBP/USD sits near 1.3400s, and NZD/USD slipped to 0.5585. Gold holds around $4,050-$4,100, silver near $51-52, and USD/JPY about 158.00.
Moneta Markets
|
1 hari yang lalu
Week Ahead – Inflation and geopolitics in focus as US political landscape shifts
Post-midterm election euphoria fizzles out as risk aversion prevails; US CPI, PPI and Fedspeak on the radar as Fed hike bets remain supported; Oil retreat pauses on mixed hopes about the ongoing conflicts; Treasury bond auctions in focus, while dollar/yen and gold seek direction;
XM Group
|
1 hari yang lalu
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
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
Technical Analysis – USDJPY stays rangebound, pinned at support near 158.00
#USDJPY bulls are defending 50-SMA support, but momentum stays weak as the pair stays rangebound. Watch resistance at 158.40 and support at 156.65 for clues on the pair's next move.
XM Group
|
1 hari yang lalu
EBC Markets Briefing | Sterling down after first BOE rate hike in years
Sterling weakened amid a US stock sell-off, while BOE rate hike bets increased. Markets also tracked Nasdaq losses, AXT shares and oil prices ahead of US jobs data.
EBC Financial Group
|
1 hari yang lalu
