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Hello everyone, today XM Forex will bring you "[XM Forex Platform]: The shutdown of the US government is "a farce, not a tragedy"?". Hope it will be www.xm-bx.comful to you! Original content is as follows:
The U.S. dollar continued to be at a disadvantage earlier on Tuesday, September 30, as investors grew worried that the government might shut down, which could lead to delays in data releases later this week. The economic calendar will release the inflation data in Germany. Later in the session, market participants will closely monitor CB's September consumer confidence data and the US JOLTS job opening report in August. Position readjustment in the last trading day of the third quarter may also intensify volatility.
After a high-level meeting on Monday, Democrats and Republicans failed to reach a deal to fund the government before Tuesday’s midnight deadline. Vice President JDVance said late Monday that he believes they are about to close, while Senate Democratic leader Chuck Schumer pointed out that there are still "very big differences" between the two sides. After a slight decline in the U.S. dollar index closed down slightly on Monday, it continued to fall slightly in Europe early on Tuesday, trading below 97.80. Meanwhile, U.S. stock index futures fell about 0.2%, reflecting the market's cautious attitude.
At the same time, the White House announced earlier Tuesday that U.S. President Donald Trump signed a notice to adjust imports of U.S. timber, timber and derivatives.
During the Asian trading period, Japanese data showed that the National Bureau of Statistics' manufacturing purchasing managers' index rose slightly from 49.4 to 49.8 in September, while the National Bureau of Statistics' non-manufacturing purchasing managers' index fell from 50.3 to 50.
RBA (RBA) announced that as widely expected, policy interest rates will remain unchanged at 3.6%. The RBA is in itThe policy statement provided no hints about the next policy action and reiterated that they would focus on the data and the assessment of changing prospects and risks to guide their next decision-making. At a post-conference press conference, RBA President Michel Brock explained that they will focus on quarterly inflation data to decide whether to choose to cut interest rates. The Australian dollar/USD lost its traction after rising above 0.6600 earlier in the day, and remained flat around 0.6575 for the last time that day.
Euro/USD rose slightly below 1.1750 in early European session on Tuesday. Later in the meeting, ECB President Christine Lagarde will give a keynote speech at the Fourth International Monetary Policy Conference of the Central Bank of Finland in Helsinki. Meanwhile, German data showed that retail sales fell 0.2% month-on-month in August, significantly lower than the market's expectations of 0.6% growth.
The UK Office of National Statistics announced earlier Tuesday that it would correct the annualized growth rate of GDP in the second quarter to 1.4% from a previously estimated 1.2%. The GBP/USD remained relatively calm during the European period and easily stayed above 1.3400.
The US dollar/yen still faces heavy bearish pressure after falling more than 0.6% on Monday, just below 148.00 in early Tuesday.
In the first half of the European session on Tuesday, gold gave up its intraday gains to historical highs and fell to a new daily low, near the $3,820-3,819 area.
Euro: The euro/dollar has a tendency to remain neutral in the intraday trading, and more consolidation may be seen above 1.1644. As long as the 1.1819 resistance level is held, it is expected to fall further. Given the bearish divergence of DMACD, trades that continue to fall below the 55-day moving average (currently at 1.1670) will indicate that 1.1917 is already the mid-term top. Next, you should see a deeper decline, reaching the 1.1390 support level.
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