Trusted by over 15 Million Traders
The Most Awarded Broker
for a Reason
CATEGORIES
News
- Gold, 4110 is crucial!
- Gold’s rally continues! LBMA survey predicts gold will test $5,000 within 12 mon
- There is a vacuum of data from the Federal Reserve before December, but official
- Traders wait for PPI data and the Fed's stance, the U.S. dollar index pulls back
- Chinese online live lecture Preview for next week
market news
The U.S. dollar index remains range-bound, paying attention to Trump’s speech and CPI data
Wonderful introduction:
You don’t have to learn to be sad in your youth. What www.xmtraders.comes and goes is not worth the time. What I promised you, maybe it shouldn’t be a waste of time. Remember, the icy blue that stayed awake all night, is like the romance swallowed by purple jasmine, but the road is far away and the person has not returned. Where does the love stop?
Hello everyone, today XM Forex will bring you "[XM Foreign Exchange Market Analysis]: The U.S. dollar index remains range-bound, pay attention to Trump's speech and CPI data." Hope this helps you! The original content is as follows:
In the Asian session on Thursday, the U.S. dollar index fluctuated. On Wednesday, the U.S. dollar index rose 0.16% to 98.37. The dollar's rebound was partly due to its status as a safe-haven asset, as traders turned cautious ahead of upcoming interest rate decisions from major global central banks. Looking to the market outlook, traders' attention has turned to a number of upcoming data and decisions, including Thursday's U.S. CPI data, the Bank of England and the European Central Bank's interest rate decisions, and Friday's Bank of Japan meeting. These events may trigger a new round of market volatility.
Analysis of major currency trends
U.S. dollar: As of press time, the U.S. dollar index is hovering around 98.34. The recent selling of the U.S. dollar has decreased, which to a certain extent reflects the changes in the www.xmtraders.competition for the chairman of the Federal Reserve: Kevin Hassett is no longer the most popular candidate, Kevin Warsh and Christopher Waller have become strong contenders again, and the www.xmtraders.competition among the three is more intense than before. However, Hassett is still seen as the most likely candidate, which means that the dollar's recent rebound may not be sustainable. The labor market continues to weaken, and the Federal Reserve may adjust its monetary policy to loose monetary policy in early 2026. Multiple factors are putting pressure on the US dollar. If the U.S. dollar index falls below the key retracement range of 98.307-97.814, it may trigger a selling wave and push the index to accelerate its decline to 96.218. However, if the consumer price index (CPI) data released on Thursday is unexpectedly higher than expected, the dollar may usher in a technical rebound. Before the inflation situation becomes clear, the dollar's downward trend will continue, and the market has limited confidence in its continued recovery.



1. Federal Reserve Governor Waller hopes to cut interest rates but says there is no need to act too hastily
Federal Reserve Governor Christopher Waller supports further interest rate cuts to return interest rates to neutral levels, but also said policymakers do not need to act too hastily. Waller said on Wednesday that under a scenario where inflation continues to slow into 2026, the current level of monetary policy interest rates is as much as 100 basis points higher than the neutral rate, which refers to the level at which the Fed will neither suppress growth nor push up inflation. "Because inflation is still high, we can take our time - there is no need to rush to lower interest rates," Waller said on the www.xmtraders.comBC forum. "We can stabilize."In the next step, the policy interest rate will be lowered towards a neutral level. "This is Waller's first speech since the Federal Reserve cut interest rates for the third consecutive time last week.
2. The United States is preparing to impose a new round of sanctions on Russia if Putin rejects the Russia-Ukraine peace agreement
According to people familiar with the matter, the United States is preparing to impose a new round of sanctions on the Russian energy industry in order to increase pressure on Moscow if Russian President Vladimir Putin rejects the Russia-Ukraine peace agreement. People familiar with the matter said that the United States is considering a variety of options, such as Targeting the so-called "shadow tanker fleet" ships used to transport Russian crude oil, as well as traders who facilitate related transactions. Some people familiar with the matter said that the new measures may be announced as soon as this week. According to people familiar with the matter, U.S. Treasury Secretary Scott Bessant discussed relevant plans when he met with the ambassadors of European countries earlier this week. After the meeting, he posted on the social media "Informed sources reminded that the final decision rests with Trump. "The responsibility of each agency is to prepare different options for the President to implement," the White House said in a statement. "The President has not made new decisions on sanctions at this time. "According to Interfax, Kremlin spokesman Dmitry Peskov told reporters on Wednesday that the Kremlin is aware that some U.S. officials are considering plans to impose new sanctions on Russia. "Obviously any sanctions are detrimental to the process of rebuilding relations between the two countries," he said.
3. The effect of interest rate cuts shows that New Zealand's GDP rebounded more than expected in the third quarter
Data show that New Zealand's economy rebounded in the third quarter The rebound was stronger than economists expected, with lower interest rates helping the country recover output after contracting in the second quarter. Gross domestic product grew by 1.1% in the third quarter, Economists had expected. New Zealand's economy finally responded to the Reserve Bank of New Zealand's aggressive interest rate cuts, with retail spending, manufacturing and construction indicators starting to improve as there is still a lot of spare capacity in the economy. Yes, the recovering growth is not expected to increase inflationary pressures in the next year.
4. Swiss Economy Minister: Swiss www.xmtraders.companies may be able to recover hundreds of millions of Swiss francs from US tariffs
Swiss Economy Minister Guy Parmelin said that as the trade agreement between the two countries will take effect retroactively, Swiss www.xmtraders.companies are expected to receive "hundreds of millions of Swiss francs" in tariff refunds from the United States. Parmelin said that the reduction of tariffs from 39% to 15% has a "decisive" impact on local www.xmtraders.companies. The impact. He added that Swiss www.xmtraders.companies would enjoy much higher refunds as a result of the deal's retroactive effect. The preliminary agreement was tentatively agreed on November 14 and the government announced this month that it would take effect from that date. Although lawmakers from all parties expressed their appreciation for the tariff reductions, the minister still faced some questions, such as whether Switzerland was giving in too much to the pressure on the United States.The amount refunded is considerable, especially as Christmas and the end of the financial year approach. He said that exporters of watches, cheese, machinery and aircraft can all apply for refunds.
5. Market analysis: The European Central Bank has no reason to adjust its policy in the near future
SEI analyst James Mahit said in a report that economic data does not support the European Central Bank changing its policy stance. "Given that the inflation rate is close to the target level ( "Although still slightly above target) and economic growth remains stable (although not outstanding), we see no reason for the ECB to adjust its policy stance in the near term," Macht said. He noted that after eight consecutive rate cuts between June 2024 and June 2025, the ECB will most likely keep interest rates unchanged this week, pending more data. The ECB will announce on Thursday Interest rate decision.
Institutional view
1. Rabobank: The upside of the euro against the US dollar is limited in 2026, or it may remain range-bound
Jane Foley, a foreign exchange analyst at Rabobank, pointed out that although German fiscal spending is expected to finally push the country's economy out of stagnation next year, the euro market is ready for this. Months. With Germany easing debt curbs earlier this year, the euro was the second-best performer among G10 currencies in the second quarter, behind the safe-haven Swiss franc. However, the Fed last week raised its U.S. growth forecast for 2025 and 2026, citing resilience in consumer spending and a pickup in business investment. . This should support capital inflows into the United States. Given that long positions in the U.S. dollar have been significantly liquidated in the first half of this year, and the impact of Trump's tariff policies on the U.S. economy is less than previously feared, we believe that the U.S. dollar will not continue to weaken further in 2026, rather than continuing to strengthen significantly in 2026.
2. Market analysis. : The euro could fall if the ECB opposes expectations of a rate hike
The euro could fall if the ECB on Thursday opposes policymaker Schnabel's recent remarks that a rate hike could be the next step, ING analyst Chris Turner said in a report. He noted that Schnabel's previous www.xmtraders.comments in an interview "are indeed true." It caused a strong reaction in the foreign exchange and interest rate markets." He said that if Schnabel's view proves to be in the minority on Thursday and the euro zone economic growth forecast is not revised significantly, the euro may fall.
3. ICAEW: A rate cut by the Bank of England tomorrow seems certain
ICAEW economist Suellen Thiru said in a The report said that the Bank of England's interest rate cut on Thursday seems certain after the British inflation rate fell significantly in November. The CPI fell faster than expected from 3.6% in the previous month. The weak services industry and core inflation made price pressures look less troublesome, while the loosening of the labor market and the sluggish economy may allow inflation to continue to decline until 2.In 2026, with food and fuel costs falling and energy bills changing in the budget, inflation should fall to 2% by next summer and prices should fall sharply. The CPI data, coupled with the recent spate of pessimistic data, means a rate cut tomorrow seems certain.
The above content is all about "[XM Foreign Exchange Market Analysis]: The U.S. dollar index maintains range fluctuations, pay attention to Trump's speech and CPI data". It is carefully www.xmtraders.compiled and edited by the editor of XM Foreign Exchange. I hope it will be helpful to your trading! Thanks for the support!
Spring, summer, autumn and winter, every season is a beautiful scenery, and they all stay in my heart forever. Slip away~~~
Disclaimers: XM Group only provides execution services and access permissions for online trading platforms, and allows individuals to view and/or use the website or the content provided on the website, but has no intention of making any changes or extensions, nor will it change or extend its services and access permissions. All access and usage permissions will be subject to the following terms and conditions: (i) Terms and conditions; (ii) Risk warning; And (iii) a complete disclaimer. Please note that all information provided on the website is for general informational purposes only. In addition, the content of all XM online trading platforms does not constitute, and cannot be used for any unauthorized financial market trading invitations and/or invitations. Financial market transactions pose significant risks to your investment capital.
All materials published on online trading platforms are only intended for educational/informational purposes and do not include or should be considered for financial, investment tax, or trading related consulting and advice, or transaction price records, or any financial product or non invitation related trading offers or invitations.
All content provided by XM and third-party suppliers on this website, including opinions, news, research, analysis, prices, other information, and third-party website links, remains unchanged and is provided as general market commentary rather than investment advice. All materials published on online trading platforms are only for educational/informational purposes and do not include or should be considered as applicable to financial, investment tax, or trading related advice and recommendations, or transaction price records, or any financial product or non invitation related financial offers or invitations. Please ensure that you have read and fully understood the information on XM's non independent investment research tips and risk warnings. For more details, please click here