Abstract:In late trading on Friday (November 24) in Asia, due to the impact of the US Thanksgiving holiday, the recent market trading was flat. The US dollar index saw a slight consolidation yesterday, receiving support from below and rising, ultimately closing near the intraday high.
In late trading on Friday (November 24) in Asia, due to the impact of the US Thanksgiving holiday, the recent market trading was flat. The US dollar index saw a slight consolidation yesterday, receiving support from below and rising, ultimately closing near the intraday high. At the opening of the Asian market today, the US dollar index rose first and then fell, with a current price around 103.72. Similarly, gold trading was also affected by the Thanksgiving holiday, with light trading in the market. Yesterday, gold experienced internal fluctuations in the previous market, but recently its volatility has gradually decreased. After the opening of the Asian market, gold still fluctuated slightly, with the current price around June 8th, 1993. Crude oil fluctuated slightly yesterday due to the Thanksgiving holiday closure of the US futures market. At the opening of the Asian market today, US crude oil rose first and then fell, with the current price around 76.48. The European Central Bank's governing committee, Villeneuva, recently stated that unless an unexpected event occurs, the European Central Bank will not raise borrowing costs again. One day, the European Central Bank will gradually lower interest rates, but they have not yet reached that point. Currently, the European Central Bank is committed to the goal of reducing inflation back to 2% by 2025. EURUSD broke through the resistance formed before yesterday, and then the market turned down, ultimately closing near the intraday median. At the opening of the Asian market today, EURUSD fell and rose, with the current price around 1.0907. The Japanese Ministry of Internal Affairs released data on Friday morning, showing that Japan's core CPI recorded an annual rate of 2.9% in October, surpassing the Bank of Japan's target of 2% for the 19th consecutive month, with a previous value of 2.8%. Economists predict that due to the government's reduction in subsidies for public utilities, the core CPI will jump to 3%. The annual rate of core CPI has accelerated for the first time in four months, which contradicts the Bank of Japan's view that inflation will slow down, which may strengthen expectations for policy normalization. Today in the Asian market, USDJPY turned downward after the data was released, and the current quotation is around 149.26.
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 November 24, Beijing time.
Gold XAUUSD· | |
Resistance | 1998.54 – 2003.18 – 2008.02 |
Support | 1988.93 – 1984.19 – 1977.02 |
Crude Oil USOUSD· | |
Resistance | 77.18 – 77.96 – 78.65 |
Support | 73.81 – 73.04 – 72.37 |
EURUSD· | |
Resistance | 1.0924 - 1.0960 - 1.0984 |
Support | 1.0887 - 1.0851 - 1.0824 |
GBPUSD· | |
Resistance | 1.2564 – 1.2589 – 1.2629 |
Support | 1.2502 - 1.2448 – 1.2404 |
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.