Forex Market Report - 8th 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
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852 hari yang lalu
1. US Economic Data Releases
- Nonfarm Payrolls: Expected to show significant job growth, influencing USD strength.
- Unemployment Rate: Anticipated to remain steady; any deviation could affect market sentiment.
- Inflation Data: CPI figures to be released; higher-than-expected numbers may prompt Fed policy shifts.
2. Eurozone Economic Indicators
- Industrial Production: Recent data shows a decline, raising concerns about economic slowdown.
- Consumer Confidence: Lower confidence levels reported, potentially weakening EUR.
- ECB Meeting Minutes: Insights into future monetary policy actions; dovish tones may pressure EUR.
3. Central Bank Activities
- Federal Reserve: Recent comments from Fed officials suggest a cautious approach to rate hikes.
- European Central Bank: Possible indications of prolonged accommodative policy due to economic uncertainties.
- Bank of Japan: No immediate policy changes expected, but ongoing discussions on yield curve control.
4. Geopolitical Tensions
- US-China Relations: Trade tensions persist with new tariffs discussions; impact on global risk sentiment.
- Russia-Ukraine Conflict: Continued conflict affecting energy prices and market stability.
- Middle East Developments: Rising tensions in the region could lead to increased volatility in oil prices.
5. Commodity Market Movements
- Oil Prices: Fluctuating due to geopolitical risks and supply concerns; potential impact on commodity-linked currencies.
- Gold Prices: Safe-haven demand remains strong amid economic uncertainties; influencing AUD and CAD.
- Agricultural Commodities: Weather conditions and supply chain issues affecting prices; relevant for emerging market currencies.
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
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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
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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
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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
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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
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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
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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
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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
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1 hari yang lalu
