Many Fed officials suddenly sent hawkish signals! US dollar index ends three consecutive daily gains

On September 23, early trading in the Asian market on Tuesday, Beijing time, the US dollar index hovered at 97.29. On Monday, as investors rethinked the Fed's interest rate cut and future plans, the US dollar index rose first and then fell, ending three consecutive daily gains, and finally closed down 0.38% to 97.30. The benchmark 10-year U.S. Treasury yield closed at 4.153%, while the 2-year U.S. Treasury yield closed at 3.622%. Spot gold rose more than $60 during the day and hit a record high above $3,740, and finally closed up 1.67%, closing at $3,746.63/ounce; spot silver continued to hit a new high since May 2011, and finally closed up 2.38%, at $44.02/ounce. International crude oil continued to fall as market concerns about oversupply outweighed the impact on geopolitical tensions in Russia and the Middle East. WTI crude oil rose first and then fell, and accelerated its decline during the European session, erasing all the intraday gains and finally closed down 0.06% at $62.25 per barrel; Brent crude oil finally closed down 0.08% at $66.03 per barrel.

Analysis of major currencies

Dollar Index: As of press time, the US dollar hovered around 97.29. Yisen was cautious before the release of the Fed officials' series of speeches and the core PCE deflator index (Federal's preferred inflation indicator) on Friday. The dollar index recorded a rise last week, thanks to strong U.S. economic data and rising U.S. Treasury yields, but bullish momentum gradually faded as interest rate expectations fluctuated. Technically, the most recent www.xm-bx.com level of the US dollar index is in the range of 97.10–97.30. Break below 97.10 will push the US dollar index to the next www.xm-bx.com level,in the range 96.40–96.55.

Euro: As of press time, the euro/dollar hovered around 1.1806. Market participants await clues of further easing of the Federal Reserve as a series of officials will speak this week. Joachim Nager, president of the German Federal Bank and member of the European Central Bank (ECB), said the current euro valuation does not worry him. Technically, successful testing of resistance level 1.1785–1.1800 will push the EUR/USD to the next resistance level 1.1870–1.1885.

GBP: As of press time, GBP/USD is hovering around 1.3518. The GBP/USD rebounded on Monday, ending a three-day decline and a technical rebound near the 50-day index moving average (EMA) as the inflow of USD inflows weakened in the wide market. Sterling traders will face a series of Purchasing Managers Index (PMI) surveys on Tuesday, with business expectations expected to decline slightly on both sides of the Atlantic. Technically, if the GBP/USD remains above the www.xm-bx.com level of 1.3485–1.3500, it will move towards the 50 moving average of 1.3567.

Analysis of gold and crude oil market trends

1) Analysis of gold market trends

On Tuesday, gold hovered around 3747.59. Gold prices rose strongly to an all-time high of around $3,750. Expectations of further rate cuts in the Federal Reserve continue to heat up, and the continued existence of safe-haven demand under political uncertainty, www.xm-bx.com precious metals.

Technical: If gold then shows more strength, the price of gold may be tested at $3,900/ounce and $4,000/ounce. Although the Relative Strength Index (RSI) is overbought after it rebounded from 70, it still implies that the bulls are gaining traction. If gold prices plummet below $3,700/ounce, it will clear the way for gold prices to challenge the $3,650/ounce, the September 11 lows $3,613/ounce and the $3,600/ounce mark.

2) Analysis of crude oil market trends

On Tuesday, crude oil trading around 62.13. The demand diversion effect of Asian buyers continues to appear. In addition to purchasing WTI crude oil, some buyers have also increased their procurement of other non-Middle East crude oils. This demand structure adjustment has weakened the pricing power of traditional benchmark crude oil. Although China continues to purchase crude oil reserves to absorb someThere is excessive supply, but from the overall market perspective, the increase on the demand side is still difficult to match the supply growth rate, and short-term negative factors are difficult to effectively alleviate.

Technical: Oil prices rose to the middle rail of the upper box and began to fall. Before the lower rail, it rebounded early due to the impact of Russia and Poland incidents over the weekend. In the afternoon, due to the clear situation in Sabah, the weakening of the Middle East crude oil in the Middle East fell rapidly to test the www.xm-bx.com of the lower edge of the box. The test has been www.xm-bx.completed and the rebound has begun. The figure shows that the rebound that occurred before falling to the lower edge of the box prompted the bears to rebound and short, and together with the panic trading of the recent sharp drop in oil prices, suppressing oil prices. Since the lower edge of the box has not fallen below many tests, and crude oil has dropped significantly in the short term and has a high deviation rate, it is currently expected to rebound based on the lower edge of the box.

Forex market trading reminder on September 23, 2025

To be determined Domestic refined oil has opened a new round of price adjustment window

15:15France September manufacturing PMI initial value

15:30German manufacturing PMI initial value

16:00Eurozone September manufacturing PMI initial value

16:30Eurozone September manufacturing PMI initial value

16:30Eurozone September manufacturing PMI initial value

16:30Eurozone September service PMI initial value

18:00Eurozone September CBI industrial order difference

20:30UK second quarter current account

21:00Federal Director Bauman delivered a speech on the economic outlook

21:45UK September S&P Global Initial value of manufacturing PMI

21:45 Initial value of S&P Global Services PMI in September

22:00 US Richmond Fed Manufacturing Index in September

22:00 US September

Bostic Bostic delivered a speech on the economic outlook

00:35 next day Fed Chairman Powell delivered a speech on the economic outlook

02:30 next day Bank of Canada Governor McClum delivered a speech

04:30 next day the next day the week from the United States to September 19

The above content is about "[XM Foreign Exchange]: Many officials of the U.S. Federal Reserve suddenly released hawkish signals! The U.S. index ended three consecutive daily rises" was carefully www.xm-bx.compiled and edited by the editor of XM Foreign Exchange. I hope it will be www.xm-bx.comful to your transactions! Thanks for the www.xm-bx.com!

Life in the present, don’t waste your current life in missing the past or looking forward to the future.