Hong Kong

2024-12-20 13:27

IndustryMarket analysis on December 20
The dollar index hit another two-year high yesterday, closing 0.15% higher at 108.42, after US economic data suggested that markets were right to expect the Fed to take a cautious approach to cutting interest rates over the next year. Treasury yields were mixed, with the two-year yield pulling back slightly to close at 4.363% and the 10-year yield flirting with the 4.6% mark before closing at 4.575%. The spread between the 2-10-year Treasury yield hit its highest since June 2022. Us third-quarter GDP data and preliminary data show that the US economic data is quite strong. On the other hand, GBP/USD fell yesterday as the BOE's dovish vote raised expectations of a rate cut, and may continue to fall, depending on other events, the 1.2480-1.25 area remains the last long defense for the pair this week. The Bank of Japan kept interest rates unchanged, causing USD/JPY to break above 155 and may continue to rise in the short term, but USD/JPY has reached daily and weekly resistance, so be careful that the trend may change during the day. EUR/USD: 1st support: 1.0358 1st resistance: 1.0365 2nd Support: 1.0355 2nd resistance: 1.0369 GBP/USD: 1st support: 1.2474 1st resistance: 1.2489 2nd support: 1.2467 2nd resistance: 1.2496
Like 0
I want to comment, too

Submit

0Comments

There is no comment yet. Make the first one.

Steven123
Trader
Hot content

Industry

Event-A comment a day,Keep rewards worthy up to$27

Industry

Nigeria Event Giveaway-Win₦5000 Mobilephone Credit

Industry

Nigeria Event Giveaway-Win ₦2500 MobilePhoneCredit

Industry

South Africa Event-Come&Win 240ZAR Phone Credit

Industry

Nigeria Event-Discuss Forex&Win2500NGN PhoneCredit

Industry

[Nigeria Event]Discuss&win 2500 Naira Phone Credit

Forum category

Platform

Exhibition

Agent

Recruitment

EA

Industry

Market

Index

Market analysis on December 20
Hong Kong | 2024-12-20 13:27
The dollar index hit another two-year high yesterday, closing 0.15% higher at 108.42, after US economic data suggested that markets were right to expect the Fed to take a cautious approach to cutting interest rates over the next year. Treasury yields were mixed, with the two-year yield pulling back slightly to close at 4.363% and the 10-year yield flirting with the 4.6% mark before closing at 4.575%. The spread between the 2-10-year Treasury yield hit its highest since June 2022. Us third-quarter GDP data and preliminary data show that the US economic data is quite strong. On the other hand, GBP/USD fell yesterday as the BOE's dovish vote raised expectations of a rate cut, and may continue to fall, depending on other events, the 1.2480-1.25 area remains the last long defense for the pair this week. The Bank of Japan kept interest rates unchanged, causing USD/JPY to break above 155 and may continue to rise in the short term, but USD/JPY has reached daily and weekly resistance, so be careful that the trend may change during the day. EUR/USD: 1st support: 1.0358 1st resistance: 1.0365 2nd Support: 1.0355 2nd resistance: 1.0369 GBP/USD: 1st support: 1.2474 1st resistance: 1.2489 2nd support: 1.2467 2nd resistance: 1.2496
Like 0
I want to comment, too

Submit

0Comments

There is no comment yet. Make the first one.