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MHMarkets:The US dollar index hit a new high in intraday trading since the Fed's interest rate decision last month.

MH Markets | 2024-01-30 17:26

Abstract:On Tuesday (January 30), the US dollar index hit a new high since last month's Fed interest rate meeting during trading yesterday, but then turned sharply downwards, close to giving back all of the day's gains, and finally closed near the intraday low at 103.47.

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On Tuesday (January 30), the US dollar index hit a new high since last month's Fed interest rate meeting during trading yesterday, but then turned sharply downwards, close to giving back all of the day's gains, and finally closed near the intraday low at 103.47. At the opening of the Asian market today, the US dollar index rebounded and rose, with the current price of 103.53. Due to the escalating tensions in the Middle East, demand for safe haven assets has been boosted. Yesterday, gold opened high after jumping short and fluctuated upwards, reaching a maximum of 2037.41. It ultimately closed near the intraday high, reaching a new high in nearly a week. At the opening of the Asian market today, the price of gold rebounded and rose, with the current price around 2035.65. International crude oil opened high and fell low, falling to nearly two month highs, ending a three-day streak of gains. Concerns about Asian demand led traders to reassess the risk premium of tensions in the Middle East. WTI crude oil closed down 1.5% at $76.88 per barrel; Brent crude oil closed down 1.47% at $82.41 per barrel. At the opening of the Asian market today, international crude oil prices fluctuated slightly, with US crude oil price around 77.18 and Brent crude oil price around 82.21. After being suppressed by resistance above yesterday, the market price of EURUSD accelerated its decline. After breaking below the support level below, the market immediately rebounded and ultimately closed above the intraday median. At the opening of the Asian market today, EURUSD continued to decline, with the current price around 1.0822. After being suppressed by resistance above yesterday, the market price of USDJPY plummeted significantly and broke through the support level previously formed below, ultimately closing near the intraday low. At the opening of the Asian market today, USDJPY continued to decline, with the current price around 147.31.

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 January 30, Beijing time.

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尾图
MHMarkets Precious Metal Crude oil Foreign Exchange Fundamentals Overview Techinical Level CPI

Related broker

Regulated
MH Markets
Company name:Mohicans Markets Limited
Score
7.06
Website:https://mhmarkets.com
2-5 years | Regulated in Australia | Regulated in United Arab Emirates | Straight Through Processing (STP)
Score
7.06

Read more

MHMarkets:2024.03.29 MHM European Time Analysis

Fed Governor Christopher Waller's recent comments have highlighted a cautious stance towards adjusting interest rates, marking a significant moment for the financial markets.

News 2024-03-29 20:48

MHMarkets:2024.03.28 MHM European Time Analysis

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

News 2024-03-28 20:05

MHMarkets:2024.03.27 MHM European Time Analysis

In the latest market wrap focusing on the foreign exchange sector, the U.S. dollar index showed minimal movement, holding at 104.31.

News 2024-03-27 20:24

MHMarkets:March 27, 2024 Economic Highlights

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.

News 2024-03-27 20:16

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