Market Overview
The Euro gained, Dollar-Yen dropped. Gold traded sideways, Tesla surged. US Dollar weakened after job data, suggesting larger Fed rate cuts. Global equities fell, safe-haven assets sought. Watch US ADP, ISM, Eurozone Retail, Japan Household, Australia Trade, and Japan Foreign Reserves. The U.S. dollar lost strength after reaching a two-week high. The release of the Fed’s Beige Book indicated a decline in economic activity, a softening labour market, and moderating wage growth, which fueled speculation of a potential Fed rate cut. This dampened the dollar’s momentum, as traders now await Friday’s NFP report, which could be pivotal for the Fed’s interest rate decision.
Economic Calendar (GMT+1)
EURUSD Analysis
Chart Analysis
GBPUSD Analysis
Chart Analysis
GBPJPY Analysis
Chart Analysis
XAUUSD Analysis
Chart Analysis
WTI Analysis
Chart Analysis
Conclusion
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. Join us to explore more of this: https://my.dbinvesting.com/links/go/955
