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The Bank of England (BoE) will announce its Interest Rate Decision on Thursday, September 21 at 11:00 GMT (18:00 IWST) and as the release time approaches, here are the forecast expectations of economists and researchers from 10 major banks.
The AUDNZD exhibits a predominantly sideways trend with a hint of bullishness.
According to new data compiled by K33 Research, Binance's Bitcoin trading volume has plummeted this month. Since the beginning of September, the platform's 7-day average spot trading volume for Bitcoin has decreased by 57%, according to a new report.
The US dollar index lost its upward momentum and slightly declined
Yesterday, the Federal Reserve sparked bullish momentum for the dollar, driving the USD/JPY pair to reach a fresh 10-month peak at 148.47.
Gold extended its decline for the third straight time on Thursday, weighed down by a jump in the US Dollar and US bond yields after the Federal Reserve reiterated its hawkish stance on interest rates. Gold fell 0.5% to hit a low of 1,913.91.
WCG Markets:2023-09-22
【Dow Jones】 【Euro】 【Gold】 【Crude Oil】
The dollar index fell and then rose on Wednesday, falling below 105 and hitting an intraday low of 104.66, before recovering all its losses and turning positive to end up 0.11% at 105.32. In U.S. Treasury yields, the two-year yield stood at 5.1% to close at 5.171%. The yield on the 10-year Treasury note rose to a session high of 4.411% before closing at 4.399%.
On Wednesday (September 20), the US stock market opened higher and moved lower, and US bond yields rose with the US dollar.
WCG Markets:2023-09-21
【Dow Jones】 【Euro】 【Gold】 【Crude Oil】
Forex trading, boasting over 6 trillion USD in daily trades in 2023, is the largest market in the world. It is renowned for its liquidity, enabling seamless transactions 24 hours a day, 5 days a week.
The USD/CAD started Tuesday in freefall, declining from the day’s open near 1.3480 and tapping into 1.3380. Rising oil prices are bolstering the Loonie (CAD), as concerns over global supply constraints knock crude barrel costs into the ceiling.
The GBP/JPY currency pair is in a subdued state, hovering just below the 183.00 level as traders brace for two pivotal central bank meetings. With the Bank of England (BoE) and the Bank of Japan (BoJ) on the horizon, market participants are gearing up for potential shifts in the exchange rate.
Heading into significant US data this week, the EURUSD finds itself once again at a compelling technical level. Throughout the majority of 2023, it successfully maintained its position within an ascending channel.
During the trading session in Sanya, spot gold suddenly experienced a sharp drop in the short term, with the gold price just breaking below the 1930 US dollar/ounce mark.
The dollar index followed a V-shaped pattern on Tuesday, falling to an intraday low of 104.81 before strongly recovering all its losses to end up 0.06% at 105.13. In U.S. Treasury yields, the two-year yield rose sharply to close at 5.092%; The yield on the 10-year Treasury note closed at 4.365%; The yield on the five-year Treasury rose as high as 4.504%, its highest since 2007.
On Tuesday (September 19), before the Federal Reserve issued its interest rate resolution, the yield of treasury bond bonds rose and the stock market fell.