09/09/2024
The week ahead promises heightened volatility across EUR, GBP, and USD pairs, with key data releases likely to drive significant market moves.
Global markets remain cautiously optimistic but are on edge as key economic data from the US and Eurozone dominate the narrative.
Uncertainty dominates markets ahead of key US jobs data, with expectations that a second consecutive weak report could further erode market confidence.
In recent trading sessions, major currency pairs such as EUR/USD and GBP/USD have experienced fluctuations amid a softening US Dollar and broader risk-averse sentiment in the market.
The US dollar continued its upward momentum towards the end of the month, with both GBP/USD and EUR/USD reaching their lowest levels in a week.
In the second quarter of this year, the US GDP saw an upward revision from 2.8% to 3%, and jobless claims were slightly lower than anticipated, totalling 231,000.