Today’s Analysis

31

Jul 2024
Forex Market Analysis: 31 July 2024

CURRENCIES Bank of Japan hikes rates: The Bank of Japan (BoJ) raised the policy rate from 0.1% to 0.25%, with a 7-2 vote in favour. This decision marks a 0.15% increase in the policy rate. Bond tapering details: The BoJ …

29

Jul 2024
Forex Market Analysis: Stable PCE Data Points to Fed Rate Cut

CURRENCIES Key points: US core PCE y/y: Unchanged at 2.6%, missing estimates of 2.5%. Interest rate probabilities: Unmoved, with a September cut fully priced in. For real-time high-impact data and event releases, see the DailyFX Economic Calendar. Detailed analysis: PCE …

16

Jul 2024
Forex Market Analysis: Vance’s Business Ties Aid Trump 2024 Campaign

CURRENCIES EUR/USD: Rides post-US CPI wave higher. Challenges resistance zone between 1.0942 and 1.0960. Bullish momentum might encounter resistance near 1.0916. GBP/USD: Surges post-UK election and US CPI catalysts. Risks overheating with RSI near overbought. Faces potential resistance at 1.3142. …

15

Jul 2024
Forex Market Analysis: ECB Rate Cut Signal & Market Trends

CURRENCIES The ECB is expected to signal a rate cut for September: The ECB is likely to keep interest rates unchanged at Thursday’s meeting, but will provide guidance for a rate cut in September. Markets are expecting a 45 basis …

9

Jul 2024
Forex Market Analysis: Aussie Dollar Holds Near 2024 High

CURRENCIES  Market summary: The Australian Dollar was slightly lower on Monday but remains near its 2024 peak due to solid and enduring monetary policy support. Unlike most major central banks cutting rates, the Reserve Bank of Australia is likely to …

8

Jul 2024
Forex Market Analysis: Euro Lower Amid French Election Shock

CURRENCIES Euro (EUR/USD) analysis: French bond yields starting to move higher. Euro edges lower as markets wait for specifics. French election results and market impact: The recent French election resulted in a shock, leaving financial markets vulnerable. Contrary to expectations …

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