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Many Fed officials suddenly sent hawkish signals! US dollar index ends three consecutive daily gains
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Hello everyone, today XM Foreign Exchange will bring you "[XM Foreign Exchange Platform]: Many officials of the US Federal Reserve suddenly released hawkish signals! The US index ended its three consecutive daily rises." Hope it will be helpful to you! The original content is as follows:
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 support 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 support level, i.e.Located in the 96.40–96.55 range.
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, support precious metals.
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 theThere is a surplus 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.
Forex market trading reminder on September 23, 2025
To be determined Domestic refined oils open a new round of price adjustment window
15:15French manufacturing PMI initial value in September
15:30German manufacturing PMI initial value in September
16:00Eurozone manufacturing PMI initial value in September
16:30Eurozone manufacturing PMI initial value in September
16:30Eurozone manufacturing PMI initial value in September
16:30Eurozone service industry PMI initial value in September
18:00Eurozone 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 System 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 Fed Chairman Powell delivered a speech on the economic outlook
02:30 the next day, Bank of Canada Governor McClum delivered a speech
04:30 the next day, the next day, the week from the United States to September 19
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