Wonderful introduction:
Let your sorrows be full of worries, and you can't sleep, and you can't sleep. The full moon hangs high, scattered all over the ground. I think that the bright moon will be ruthless, and the wind and frost will fade away for thousands of years, and the passion will fade away easily. If there is love, it should have grown old with the wind. Knowing that the moon is ruthless, why do you repeatedly express your love to the bright moon?
Hello everyone, today XM Foreign Exchange will bring you "[XM Foreign Exchange Market Analysis]: The CPI in May was lower than expected in total, and Trump once again called for a 100 basis point interest rate cut." Hope it will be helpful to you! The original content is as follows:
On June 12, early trading in the Asian market on Thursday, Beijing time, the US dollar index hovered around 98.47. On Wednesday, the US dollar index plunged in the session and finally closed down 0.41% at 98.638 as a barborka.infoprehensive lower than expected CPI data boosted market rate cut expectations. The yield on the US Treasury fell sharply across the board, with the benchmark 10-year US Treasury closing at 4.427%, and the 2-year US Treasury yield falling below the 4% mark, closing at 3.956%. Spot gold rose in the short term and hit the $3360 mark after the CPI was announced, and then quickly gave up its gains. However, it rose again in the late trading due to the sharp rise in the Middle East situation, and finally closed up 0.98% to close at $3355.13/ounce; spot silver pulled back for the second consecutive day, finally closing down 0.77% to $36.25/ounce. International crude oil soared as Trump said he was "not confident" in nuclear talks with Iran, and the United States was preparing to reduce the size of its mission to Iraq due to security concerns. WTI crude oil continued to rise, finally closing up 4.2% to $67.18 per barrel, a new high in more than two months; Brent crude oil closed up 4.11% to $69.46 per barrel.
Dollar Index: As of press time, the US dollar index hovers around 98.47. Affected by moderate inflation data, the US dollar index fell 0.4% on Wednesday, and fell to 98.42 in the early trading on Thursday, a new low in the past week, not far from the six-week low of 98.35, which was set last week. Technically, if the US dollar index closes below the 98.50 level, it will move towards a support level in the 98.00–98.20 range.
On Thursday, gold trading around 3367.05. This wave of rally is not only boosted by lower-than-expected U.S. inflation data, but is also closely related to the sharp rise in geopolitical tensions in the Middle East. Investor expectations for the Fed's interest rate cut in September and the risk of possible conflict in the Middle East are jointly driving a surge in demand for gold as a safe-haven asset.
Technical: Since the gold price fell last week's high of $3,400, it has formed an A-B-C correction wave structure. The current price hovers around $3335, with the above $3345 resistance (June 10 high) suppressing significantly. The 4-hour chart shows that the RSI indicator hovers at a neutral level of 50, suggesting insufficient momentum. If it breaks through $3345, it may test the pressure of the reverse trend line of $3375; on the contrary, if it loses $3290 (the low on June 9), it will further fall into the support range of $3245 (the multiple highs and lows coincide with the lows in mid-May).
On Thursday, crude oil trading was 67.Nearby 14. Oil prices rose more than 4% on Wednesday, reaching their highest point in more than two months after news that the United States is preparing to evacuate the Iraqi embassy due to intensified security issues in the Middle East.
①14:00UK's three-month GDP monthly rate in April
②14:00UK's April manufacturing output monthly rate
③14:00UK's April seasonally adjusted barborka.infomodity trade account
④14:00UK's April industrial output monthly rate
⑤20:30UK's initial request for unemployment benefits in the week from the United States to June 7
⑥20:30UK's May PP I annual rate
⑦20:30 US May PPI monthly rate
⑧22:30 US to June 6 EIA natural gas inventory
⑨The next day, the Federal Reserve released its quarterly financial account report
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