Abstract:On Thursday (September 21), the Fed indicated on Wednesday that it could raise interest rates one more time later this year, which pushed the dollar and U.S. bond yields higher, and its impact is already being felt in global markets.
On Thursday (September 21), the Fed indicated on Wednesday that it could raise interest rates one more time later this year, which pushed the dollar and U.S. bond yields higher, and its impact is already being felt in global markets. In addition to pressuring U.S. stock index futures, it also pushed gold prices sharply lower on Thursday and lost the key 200-day SMA again. Crude oil prices jumped and then retreated as supply constraints kept barrel prices under pressure, with U.S. West Texas Intermediate (WTI) crude oil futures continuing to circulate around $90 per barrel intraday. Separately, the Fed left interest rates unchanged on Wednesday, but reinforced its hawkish stance and is expected to raise its interest rate range by 25 basis points to 5.50-5.75% by the end of the year. This could dampen economic growth and overall fuel demand. The US dollar surged to its highest level since early March, making oil and other commodities more expensive for buyers using other currencies.
MHMarkets strategy is only for reference and not for investment advice. Please carefully read the statement at the end of the text. The following strategy will be updated at 15:00 on September 22, Beijing time.
·Gold XAUUSD· | |
High Probability Scenario | High throw and low suction in the 1903-1919-1931-1945-1951-1960 range |
Low Probability Scenario | Chase up and kill down outside the 1903-1919-1931-1945-1951-1960 range |
·SilverXAGUSD· | |
High Probability Scenario | High throw and low suction in the 21.5-22.3-23.1-23.9-24.5-25.3 range |
Low Probability Scenario | Chase up and kill down outside the 21.5-22.3-23.1-23.9-24.5-25.3 range |
·Crude OilUSOUSD· | |
High Probability Scenario | High throw and low suction in the 83.5-85.3-87.3-89.1-90.7-91.5-92.6 range |
Low Probability Scenario | Chase up and kill down outside the 83.5-85.3-87.3-89.1-90.7-91.5-92.6 range |
·EURUSD· | |
High Probability Scenario | High throw and low suction in the 1.0460-1.0570-1.0690-1.0755-1.0830 range |
Low Probability Scenario | Chase up and kill down outside the1.0460-1.0570-1.0690-1.0755-1.0830 range |
·GBPUSD· | |
High Probability Scenario | High throw and low suction in the 1.2030-1.2135-1.2250-1.2400-1.2470-1.25460 range |
Low Probability Scenario | Chase up and kill down outside the 1.2030-1.2135-1.2250-1.2400-1.2470-1.25460 range |
Fed Governor Christopher Waller's recent comments have highlighted a cautious stance towards adjusting interest rates, marking a significant moment for the financial markets.
In the forex market, stability was the theme for the U.S. dollar index, holding firm at 104.30. Minor fluctuations were observed across major currency pairs: the Euro slightly weakened against the dollar, closing at 1.0827
In the latest market wrap focusing on the foreign exchange sector, the U.S. dollar index showed minimal movement, holding at 104.31.
On Tuesday, due to February's US durable goods orders growth exceeding expectations and an optimistic economic growth outlook for the first quarter in the US, the US dollar index initially fell but then rose, briefly touching below the 104 mark before recovering during the US trading session, closing up 0.07% at 104.29.