Forex Market Report - 21st 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
|
8 dias atrás
1. Federal Reserve policy outlook
- Fed Chair Jerome Powell's recent statements signal a cautious approach to interest rate adjustments, indicating potential rate hikes may still be on the table if inflation persists.
- Upcoming economic data releases, including GDP and inflation reports, will heavily influence the Fed’s next moves.
- Market participants are closely watching Fed commentary for hints on the timing and magnitude of future rate changes.
2. European Central Bank (ECB) decisions
- The ECB has reiterated its commitment to fighting inflation, with potential rate hikes under consideration if inflation data does not improve.
- Recent economic indicators from the Eurozone suggest mixed economic performance, influencing ECB policy considerations.
- Traders are eyeing ECB President Christine Lagarde’s speeches for insights on future monetary policy direction.
3. US-China trade relations
- Ongoing trade tensions between the US and China continue to impact market sentiment, with recent talks showing little progress.
- New tariffs and trade restrictions are under discussion, which could exacerbate economic pressures on both sides.
- Market volatility is expected to increase as traders react to any developments in the US-China trade negotiations.
4. Crude oil price fluctuations
- Crude oil prices have experienced significant volatility due to geopolitical tensions and supply chain disruptions.
- Recent OPEC+ meetings indicate potential adjustments to production targets to stabilize prices.
- Energy market traders are monitoring inventory reports and geopolitical developments for clues on future price movements.
5. Currency market movements
- The US Dollar Index (DXY) shows strength amid global economic uncertainties, affecting major currency pairs.
- Euro and Pound Sterling face pressure due to economic challenges within the Eurozone and UK.
- Emerging market currencies are particularly vulnerable to shifts in global risk sentiment and interest rate expectations.
read more
Core PCE in focus ahead of French elections
Dollar gains after first presidential debate - Focus today turns to core PCE inflation - Yen slides, intervention risks rise - French citizens head to the ballots on Sunday
XM Group
|
1 dia atrás
EUR/USD continues to struggle amid US inflation concerns
EUR/USD is on a downward trajectory on Friday, hovering around 1.0686 after a short-lived pause. The dollar experienced a temporary dip due to mixed American economic indicators and market anticipation ahead of the critical Core PCE inflation report, a significant factor in Federal Reserve decision-making.
RoboForex
|
1 dia atrás
EBC Daily Snapshot Jun 28, 2024
On Friday, the dollar aimed for a second quarterly gain, while Sterling's movement hinged on the upcoming UK general election.
EBC Financial Group
|
1 dia atrás
Daily Global Market Update
The Pound rose slightly against the Dollar, while Bitcoin and Oil prices jumped. The AUD stayed flat. Crypto losses surged in Q2. US jobless claims dipped but beneficiary numbers rose. Oil futures climbed on supply disruption fears. Today's key economic releases include UK GDP, US personal income/spending, and Japan's construction/housing data.
Moneta Markets
|
1 dia atrás
EBC Markets Briefing | Central banks throw weight behind gold rally
Gold prices pared gains Friday after rising over 1% previously, with a focus on key US inflation data for Fed policy clues.
EBC Financial Group
|
1 dia atrás
USD Rebounds Amid Fed Commentary, AUD Eyes Potential Rate Hike
The US dollar made a comeback yesterday, reversing its earlier declines. This recovery was largely driven by statements from Federal Reserve Governor Michelle Bowman, which balanced out the comments made by other Fed officials earlier in the week. Bowman highlighted the ongoing uncertainty in the inflation outlook, suggesting that a rate cut this year is premature.
ACY Securities
|
1 dia atrás
Analysing EUR/USD Trends Amidst Political and Economic Dynamics
The EUR/USD exchange rate, like any financial market, is influenced by a blend of economic indicators, political events, and central bank policies.
ACY Securities
|
1 dia atrás
Forex Market Report - 28th 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
|
1 dia atrás