Abstract:At the end of the Asian market on Tuesday (October 11), the US dollar index fell to yesterday's low point at the opening of the Asian market today.
At the end of the Asian market on Tuesday (October 11), the US dollar index fell to yesterday's low point at the opening of the Asian market today. After encountering obstacles, prices rebounded, and the current price briefly broke through the high point at the opening of the Asian market, with the current price at 105.85; Gold was sideways consolidated in the Asian market today without any breakthrough, and the current price remains at 1859.27; Crude oil broke above yesterday's small high of 84.82 during the Asian market and came under pressure. The price has started to decline, currently located near 84.58; The EURUSD traded sideways in the Asian market, with current prices around 1.0601 and relatively strong support below; The USDJPY rose at the beginning of the Asian market and almost recovered from yesterday's decline in the US market at the end of the Asian market. However, there is still pressure above the USDJPY, with the current price around 148.90.
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 October 11, Beijing time.
· Gold XAUUSD· | |
Resistance | 1865.30 -- 1879.80 |
Support | 1848.66 -- 1844.03 |
·Crude OilUSOUSD· | |
Resistance | 86--86.80--87.71 |
Support | 83.61--82.16 |
· EURUSD· | |
Resistance | 1.0619--1.0642 |
Support | 1.0575--1.0553--1.0518 |
· GBPUSD· | |
Resistance | 1.2307 -- 1.2330 |
Support | 1.2271--1.2234 -- 1.2195 |
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.