Abstract:At the end of the Asian market on Wednesday (October 18), the US dollar index accelerated its decline, with prices approaching resistance below 106.05, and the current price is at 106.12. Gold rose at the opening of the Asian market and broke through 1930.90, but was hindered until 1942.85.
At the end of the Asian market on Wednesday (October 18), the US dollar index accelerated its decline, with prices approaching resistance below 106.05, and the current price is at 106.12. Gold rose at the opening of the Asian market and broke through 1930.90, but was hindered until 1942.85. The current price is at 1937.85. Crude oil continued its upward trend during the US session at the opening of the Asian market, with a price increase of 87.72 hindered and currently at 87.09. EURUSD accelerated its rise in late Asian trading, with the current price approaching yesterday's high of 1.0594. After breaking through in the future market, EURUSD is likely to continue to rise. USDJPY fell in the Asian market, but due to concerns about the Bank of Japan's intervention in the foreign exchange market, market trading is cautious. Investors should focus on the Bank of Japan's actions. Once the Bank of Japan decides to intervene in the market, USDJPY will fluctuate significantly.
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 18, Beijing time.
· Gold XAUUSD· | |
Resistance | 1947.37 – 1952.97 |
Support | 1923.39 – 1912.10– 1908.02 |
· Crude Oil USOUSD· | |
Resistance | 89.14 - 90.86 |
Support | 86.99 - 86.10 – 84.34 |
· EURUSD· | |
Resistance | 1.0594 - 1.0624 – 1.0643 |
Support | 1.0563 - 1.0537--1.0494 |
·GBPUSD· | |
Resistance | 1.2219– 1.2266 |
Support | 1.2179 - 1.2161—1.2131 |
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.