Analysis

The pound dipped against the euro as Macron's snap election call followed a far-right victory, causing the common currency to tumble.

Expert market comment made by senior analyst Alex Kuptsikevich of the FxPro Analyst Team: The crypto market took a break from support

The dollar index steadied in the last session, trading above the $105 mark, ahead of the highly anticipated FOMC meeting minutes. Market expectations are leaning towards a more hawkish stance from the U.S. central bank due to a tight labour market.

Bitcoin, Alibaba stocks down. AUD/USD flat, Gold up slightly. Oil up on forecast, dollar strong. Economic data from Germany, UK, Japan, US Fed rate decision eyed.

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.

Expert market comment made by senior analyst Alex Kuptsikevich of the FxPro Analyst Team: The dollar fought back its uptrend

Expert market comment made by senior analyst Alex Kuptsikevich of the FxPro Analyst Team: Alarming UK labour market data

Euro tries to recoup part of Monday’s losses. US stock indices trade sideways but volatility remains high. Lighter US calendar but some interest on the 10-year bond auction. Pound is on the backfoot after the weaker jobs data

Brent crude oil is holding steady at 81.50 USD per barrel on Tuesday, following a significant surge of over 2.5% the previous day.

Expert market comment made by senior analyst Alex Kuptsikevich of the FxPro Analyst Team: Crypto nosediv

The dollar index is poised at its recent high level, while U.S. equity markets eked out marginal gains as the market awaits Wednesday’s crucial CPI reading and the FOMC meeting minutes.

This Wednesday is set to be crucial for gaining economic insights, with several key reports and decisions lined up. In Wednesday night we will see the release of the May Consumer Price Index (CPI) report, followed by the June Federal Open Market Committee (FOMC) meeting in the Thursday morning. Additional data on the Producer Price Index (PPI), import prices, and the University of Michigan's consu

Euro dipped slightly, gold and oil rose, Bitcoin and pound flat. Investors cautious ahead of key economic data and Fed meeting. Upcoming events include Japan PPI, UK employment data, and US business optimism index.

The Euro (EUR/USD) edged 0.15% higher to 1.0890 (1.0875) after the ECB trimmed rates by 25 basis points to 4.25%, which was widely expected.

The European Central Bank (ECB) has reduced its benchmark interest rates by 25 basis points, aligning with market expectations. This adjustment lowers the primary refinancing rate to 4.25% and the deposit rate to 3.75%. It marks the ECB's first rate cut since 2019, prompted by revised inflation forecasts for 2024 and 2025.

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.

Expert market comment made by senior analyst Alex Kuptsikevich of the FxPro Analyst Team: America cuts drilling activity due to weak prices

Euro area elections drives EURUSD sharply lower; Fed decision and US inflation would have strong impact at US dollar index; Will BoJ decision affect USDJPY?

EUR/USD plummeted below 1.0800 and is currently hovering around 1.0796 on Monday morning. This development came amid heightened political tensions in France. President Emmanuel Macron called for early elections on Sunday in the wake of his party's crushing defeat and Marine Le Pen's party's resounding victory in the European Parliament elections.

US nonfarm payrolls surge past expectations - Dollar skyrockets as Fed rate cuts are scaled back - Euro slips as Macron calls snap election in France - S&P 500 pulls back after hitting new record high