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Hello everyone, today XM Foreign Exchange will bring you "[XM Foreign Exchange Decision Analysis]: Trump has a tough attitude towards the government shutdown, and OPEC will increase production again in October." Hope it will be www.xm-bx.comful to you! The original content is as follows:
On September 29, in the early trading of Asian market on Monday, Beijing time, the US dollar index hovered at 98.02. Last Friday, U.S. inflation data met expectations, strengthened market bets that the Fed could continue to cut interest rates later this year. The US dollar index fluctuated downward, approaching the 98 mark during the session, and finally closed down 0.28% to 98.17, with two consecutive gains on the weekly line. The benchmark 10-year U.S. Treasury yield closed at 4.176%, while the 2-year U.S. Treasury yield, which is sensitive to Fed policy interest rates, closed at 3.647%. Spot gold rose sharply before the US session, and once rushed above the $3,780 mark during the session, but failed to stand firm here. It finally closed up 0.31%, closing at $3,760.53/ounce, and recorded a 6 consecutive increase in the weekly line; spot silver rose sharply before the US session and reached a higher than $46, setting a new high in more than 14 years, and finally closed up 1.98% to $46.06/ounce, and the weekly line also recorded a 6 consecutive increase in gold. Crude oil surged and fell. WTI crude oil once rose to a day high of $66.17 during the US session, and then fell sharply, erasing all intraday gains and finally closed down 0.06% to $64.97 per barrel; Brent crude oil finally closed down 0.11% to $68.64 per barrel.
Dollar Index: As of press time, the US dollar hovered around 98.02. The eyes of US dollar traders will be locked in a number of key events. ISM manufacturing and service industry PMIs for September were announced on Wednesday and Friday respectively. If S&P's initial global PMI shows weakness in business activities, it may strengthen the market's view that interest rate cuts will be more than once next year. Friday's non-farm yearIndustry reports will be the top priority. The first two months' reports were far lower than expected, and accompanied by a sharp downward revision, the overall employment growth trend pointed to a significant slowdown. If the September data continues to weaken, it may prompt traders to sell the US dollar again and confirm the outlook for dovish interest rates, but this may trigger stock markets' concerns about a broader economic outlook. On the contrary, if the data is surprising, it may trigger the opposite reaction. Wednesday's ADP private employment report will provide employment advance signals. In addition, several Fed officials will make speeches, including Vice Chairman Jefferson, New York Fed Chairman Williams, Atlanta Fed Chairman Bostic, Chicago Fed Chairman Goulsby and Dallas Fed Chairman Logan, whose statements may further clarify the policy path. Technically, if the US dollar index closes below www.xm-bx.com level 98.00–98.20, it will move towards the next www.xm-bx.com level 97.10–97.30.
On the Asian session on Monday, gold hovered around 3782.99. Precious gold after U.S. inflation data meets expectationsThe slight rise has strengthened bets that the Fed may continue to cut interest rates later this year. Traders will closely monitor the Fed's speech later on Monday.
On the Asian session on Monday, crude oil trading was around 64.84. International oil prices fell in early Asian trading due to a technical pullback. WTI crude oil futures contract fell 1.1% to $65.01 per barrel in the recent month; Brent crude oil futures contract fell 1.0% to $69.44 per barrel. WTI crude oil futures closed up 1.1% last Friday at $65.72 per barrel, the highest closing price since early August, with a weekly increase of 5.3%. Analysts said market concerns about oversupply in the second half of the year also put pressure on oil prices. In the research report, Barbara Lambrecht, www.xm-bx.commodity analyst at the www.xm-bx.commerzbank Institute, pointed out: "The OPEC production survey data, usually released at the end of the month, is likely to confirm that more crude oil is pouring into the market."
Forex market trading reminder on September 29, 2025
①16:30 UK Central Bank Mortgage License in August
②17:00 Eurozone September Industrial Prosperity Index
③17:00 Eurozone September Economic Prosperity Index
④20:00 Fed Hamak participated in the group discussion
⑤22:00 US Home Signing Sales Index Monthly Rate
⑥22:30 US Dallas Fed Business Activities Index
⑦ 01:30 the next day, Federal Reserve Williams delivered a speech
⑧The next day, 01:30 the Fed Mousalem delivered a speech
⑨The next day, 06:00 the Fed Bostic had a dialogue
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