Bullish Bias for EUR/USD and GBP/USD, Cautious Approach for USD/JPY and Dow Jones (CME)
【Dow Jones】 【Euro】 【Gold】 【Crude Oil】
At the end of the Asian market on Monday (October 23), the US dollar index rose at the opening of the Asian market the following week and was hindered near 106.37 above, with the current price at 106.33.
On Friday, the dollar index remained rangebound above the 106 mark before closing down 0.07% at 106.16. Treasury yields rose and then fell, with the yield on the 10-year Treasury flirting with the 5% mark and rising as high as 4.99% before easing to close at 4.914%.
Safe haven gold approached the vital $2,000 mark last Friday The Palestinian-Israeli War has exacerbated uncertainty in the Middle East
Index / Stocks / Crypto / Metals / Commodity & Futures / Forex
U.S. Stocks Grapple with 10-Year Yield Near 5%, Powell's Inflation Remarks Add Pressure
On Friday (October 20) at the end of the Asian market, the dollar index was affected by Powell's speech yesterday, the price volatility increased, and broke through the previous low point,
Amid the escalating Israeli-Palestinian conflict, Federal Reserve Chairman Powell's speech became the market focus overnight. Mr Powell sought to preserve flexibility for the Fed, saying the FOMC was moving cautiously, that policy was not too tight for now, inflation was still too high and rising yields could mean less need to raise rates. The dollar index jumped up and down during Mr. Powell's remarks, closing down 0.27% at 106.24.
Powell's dove speaking puts pressure on the US dollar Gold has risen to a high in nearly three months
WCG Markets:2023-10-20
【Dow Jones】 【Euro】 【Gold】 【Crude Oil】
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At the end of the Asian market on Thursday (October 19), the US dollar index rose and was hindered from breaking through yesterday's high.
Wednesday's housing starts data, though weaker than expected, and Fed Governor James Waller's reversal that the central bank may need to keep raising rates, signaled support for holding fire. The dollar index moved higher, closing up 0.33% at 106.58.
Wednesday's housing starts data, though weaker than expected, and Fed Governor James Waller's reversal that the central bank may need to keep raising rates, signaled support for holding fire. The dollar index moved higher, closing up 0.33% at 106.58.
Dow Jones Falls 1%, S&P 500 Drops 1.3%, and Nasdaq 100 Slides 1.4%
WCG Markets:2023-10-19
On Tuesday, despite a significant rise in treasury yields driven by better-than-expected US retail sales figures (which increased by 0.7% month-on-month compared to the expected 0.3%), the US dollar (USD) remained within a narrow trading range.