Wonderful Introduction:
Green life is full of hope, beautiful fantasy, hope for the future, and the ideal of longing is the green of life. The road we are going tomorrow is green, just like the grass on the wilderness, releasing the vitality of life.
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.
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.
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.
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.
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
>
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
The above content is about "[XM Foreign Exchange Official Website]: The US GDP in the second quarter has been significantly improved! The US index hits a new high in the past two weeks" is 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!
Only the strong know how to fight; the weak are not qualified to fail, but are born to be conquered. Step up to learn the next article!