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The U.S. GDP rose sharply in the second quarter! US dollar index hits new highs in the past two weeks

Post time: 2025-09-26 views

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Hello everyone, today XM Foreign Exchange will bring you "[XM Foreign Exchange Official Website]: The US GDP rose sharply in the second quarter! The US index hit a new high in the past two weeks." Hope it will be www.xm-bx.comful to you! The original content is as follows:

On September 26, in the early trading of Asian market on Friday, Beijing time, the US dollar index hovered at 98.47. On Friday, the US dollar index rose sharply before the U.S. session and hit a new high in the past two weeks, finally closing up 0.58% to 98.45. The benchmark 10-year U.S. Treasury yield closed at 4.168%, while the 2-year U.S. Treasury yield closed at 3.655%. Spot gold fell into volatility, and the $3760 mark was measured several times during the session, but none of them could stand firm. It finally closed up 0.35%, closing at $37,449.05/ounce; spot silver rose sharply, standing above $45, continuing to hit a new high since May 2011, and finally closed up 2.9%, at $45.17/ounce. Crude oil fell first and then rose. WTI crude oil quickly recovered all lost ground during the US session and rushed to the $65 mark, finally closing up 0.56% to $65.00/barrel; Brent crude oil finally closed up 0.58% to $68.72/barrel.

Analysis of major currencies trends

Dollar Index: As of press time, the US dollar hovered around 98.47. The dollar has risen slightly since the Fed cut interest rates as expected last Monday. Although statements from policymakers, including Chairman Powell, suggest that rate cuts will largely depend on upcoming economic data, traders still expect rates to be cuts in the remaining two Fed meetings this year. Technically, the U.S. dollar index is trying to close above resistance at 98.00–98.20. If this attempt is successful, the U.S. dollar index will move to the next resistance level, which is in the 98.85–99.00 range.

Euro: As of press time, the euro/dollar hovered around 1.1672. The euro/dollar fell sharply to below 1.1700 on Thursday, continuing the decline and breaking through two technical www.xm-bx.com levels, opening the door for a further downward trend. Strong job market data from the United States drove the euro lower. Technically, the successful test of the 1.1685–1.1700 www.xm-bx.com level will open up the road for the next www.xm-bx.com level 1.1585–1.1600

The U.S. GDP rose sharply in the second quarter! US dollar index hits new highs in the past two weeks(图1)

GBP: As of press time, the GBP/USD hovered around 1.3347. The GBP/USD fell more than 0.78% at the end of Thursday's trading, and it seems ready to test lower prices as the scarcity of the UK economic schedule will put traders in the U.S. dollar-related dynamics. The pound fell to a four-week low of 1.3324 on Thursday due to a release of U.S. macroeconomic news, boosting the dollar. In addition, traders will also pay attention to the release of final data on consumer confidence at the University of Michigan, as well as speeches by Federal Reserve Bank President Thomas Barkin and Federal Reserve Director Michelle Bowman. Technically, if GBP/USD successfully closes below the 1.3335–1.3350 www.xm-bx.com level, it will move towards the next www.xm-bx.com level 1.3150–1.3165.

The U.S. GDP rose sharply in the second quarter! US dollar index hits new highs in the past two weeks(图2)

Analysis of gold and crude oil market trends

1) Analysis of gold market trends

On Friday, gold hovered around 3749.65. Gold is standing at a delicate crossroads as markets focus on the Fed's interest rate cut path. On the one hand, strong economic data and the rising dollar are constantly questioning the necessity of loose policies; on the other hand, there is the geopolitical and the ready-to-go buying on dips, building a solid bottom for gold prices. A long-short war dominated by key inflation reports is about to break out. In addition, investors need to continue to pay attention to the speeches of other Federal Reserve officials and the news about the geopolitical situation.

The U.S. GDP rose sharply in the second quarter! US dollar index hits new highs in the past two weeks(图3)

Technical: From the daily chart, the short-term technical pattern of gold has not changed significantly, and the overbought signal is still obvious, which reminds you to be cautious when buying. The RSI indicator has fallen back to approximately 72.5. Initial www.xm-bx.com below is $3,700, and a loss will test this Monday's low of $3,684. Deeper www.xm-bx.com is at the psychological threshold of $3,650. The above needs to break through $3,750 to restart the upward trend, further resistance is at the all-time high of $3,791 and 3,$800. If the breakthrough is effective, the gold price may hit $3,850.

2) Analysis of crude oil market trends

On Friday, crude oil trading was around 64.98. Oil prices stabilized on Thursday after hitting a seven-week high on the previous trading day, with Russia announcing it would limit fuel exports to the end of the year, but strong U.S. economic data weakened market optimism for further rate cuts, thus limiting oil price gains. In addition, bearish expectations of supply fundamentals also put pressure on oil prices, and the market expects crude oil supply to Iraq and Kurdistan to increase. The Kurdish Autonomous Region Government announced on Thursday that oil exports will resume within 48 hours.

The U.S. GDP rose sharply in the second quarter! US dollar index hits new highs in the past two weeks(图4)

Technical aspect: The technical trend of oil prices breaking through key moving averages and resistance ranges, sending out short-term bullish signals. However, multiple resistance from weak stock markets, recovery of crude oil exports in Kurdish regions and weak demand suggests that the upside potential of oil prices may be limited unless new supply disruptions occur.

Forex market trading reminder on September 26, 2025

①20:30 Canada's July GDP monthly rate

②20:30 US August core PCE price index annual rate

③20:30 US August personal expenditure monthly rate

④20:30 US August core PCE price index monthly rate

⑤21:00 US Federal Reserve Barkin delivered a speech

⑥22:00 US September Michigan Consumer Confidence Index final value

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⑦22:00 The expected final value of the US year-on-year inflation rate in September

⑧22:00 Federal Reserve Director Bowman delivered a speech

⑨The next day, 01:00, the total number of oil drilling rigs in the week from the United States to September 26

⑩The next day, 01:00, the Federal Reserve Director Bowman attended the dialogue

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