Trusted by over 15 Million Traders
The Most Awarded Broker
for a Reason
CATEGORIES
News
- 【XM Market Analysis】--Gold Analysis: Surges Beyond $2,700 on Rate Cut Bets
- 【XM Group】--USD/CAD Forecast: Faces Volatility
- 【XM Decision Analysis】--EUR/JPY Forecast: Euro Continues to Find Buyers Against
- 【XM Decision Analysis】--USD/MXN Analysis: Holds Elevated Range
- 【XM Market Analysis】--EUR/USD Analysis: Stability of Bearish Trend
market news
Focusing on the release of the annual benchmark correction data of non-agricultural areas, the EU plans to launch the 19th round of sanctions against Russia
Wonderful Introduction:
Green life is full of hope, beautiful fantasy, hope for the future, and the ideal of longing is the green of life. The road we are going tomorrow is green, just like the grass on the wilderness, releasing the vitality of life.
Hello everyone, today XM Foreign Exchange will bring you "[XM Foreign Exchange Platform]: Focusing on the release of annual benchmark correction data for non-agricultural projects, the EU plans to launch the 19th round of sanctions against Russia." Hope it will be helpful to you! The original content is as follows:
On September 9, during the Asian session on Tuesday, spot gold was trading around $3,631/ounce. As weak US labor market data strengthened the Federal Reserve's expectation of interest rate cuts next week, gold prices continued to hit a historical high to $3,646.23/ounce on Monday, and gold prices are expected to continue to rise to around 3,700-3,730 in the short term; US crude oil trading around $62.45/barrel, oil prices closed higher on Monday, regaining some of the declines last week. Previously, OPEC+ chose to increase production slightly, and investors also digested the possibility of more sanctions on Russian crude oil.
The dollar continued its decline on Monday, with weak U.S. jobs report last Friday, almost confirming that the Fed will cut interest rates in September. The yen fell after Japanese Prime Minister Shigeru Ishiba announced his resignation over the weekend.
The euro has little reaction to the news that the French parliament voted to remove Prime Minister Beiru on Monday. The French parliament overturned the government's plan to control the inflated state debt, deepening the political crisis and hitting the eurozone's second largest economy.
Japanese Prime Minister Shigeru Ishiba announced his resignation last Sunday, and the world's fourth largest economy will usher in a period of potentially long policy uncertainty. This pushed the yen to fall across the board. The dollar rose 0.2% against the yen to 147.695 yen.
But the market's attention remains firmly locked in the dollar, with Friday's non-farm employment data stunning, strengthening expectations that the Fed will resume interest rate cuts at its policy meeting later this month.
Marc Chandler, chief market strategist at BannockburnForex, said: "The driver of the forex market is still the development of the US dollar and the US. PeopleIt is possible to talk about Japanese politics, but the real driving force of the US dollar/yen is not Japanese politics, nor Japanese interest rates. It is the U.S. interest rate, and the market believes that the probability of a 50 basis point cut is about 10%, and the U.S. dollar is falling. "
The Federal Funds Rate Futures market believes that the Federal Reserve's 25 basis points cut this month is 90% chance of a 50 basis point cut, and 10% chance of a 50 basis point cut.
Asian market
Australia's NAB Business Confidence Index fell from 8 to 4 in August, but the situation improved, from 5 to 7. Trading volume stabilized at 12 people, while profitability rose from 2 to 4 people, and employment rose from 2 to 5 people. NAB chief economist Sally Auld said the result supports the view that "the corporate outlook continues to improve", and both confidence and conditions are now close to the long-term average.
Capacity utilization rose from 82.5% to 83.1%, two percentage points higher than the long-term normal level. Capital expenditure intentions also improved, climbing from 8 to 10. In short, these all indicate that despite wider uncertainty, xmaccount.companies are still operating at a high level of resources.
At the same time, cost pressures have been further alleviated. Procurement cost growth slowed from 1.3% to 1.1%, the lowest level since 2021, while labor costs slowed from 1.9% to 1.5%, and product price growth fell from 0.8% to 0.6%. The survey pointed out that business activities are flexible and capacity-strengthed environments, but inflation pressures continue to fade.
European market h2>
Eurozone investor confidence deteriorated sharply in September, with the Sentix confidence index falling from -3.7 to -9.2, well below the expected -1.1, the lowest level since April. The current situation index weakened from -13.0 to -18.8, while the expectation index fell from 6.0 to 0.8.
Germany is a clear weakness. Its investor confidence plummeted from -12.8 to -22.1, while the status quo fell from -29.0 to -39.0. Expectations turned negative again, down from 5.0 to -3.5, highlighting the growing pessimism about Europe's largest economy getting out of recession.
Sentix attributes the economic downturn to politics and external Adverse factors: French government instability, continued weakness in German industry, adverse tariff arrangements with the United States and ongoing Ukrainian war. It said these factors are "oppressing" the euro zone sentiment.
The institute warns that summer optimism has "quickly collapsed" with little signs of a rebound in the fall. As export-oriented industries face greater pressure under U.S. tariffs, and growing concerns about sovereign debt -- especially in France -- the outlook for the euro zone remains fragile by the end of the year.
U.S. Market
The U.S. Senate panel will vote on Milan's Fed nomination on Wednesday, pending a full vote after approval.
p>
New York Fed survey: People expect unemployment rate and unemployment risks to rise, and the Federal Reserve is expected to cut interest rates next week.
The above content is all about "[XM Foreign Exchange Platform]: Focusing on the release of the annual benchmark correction data of non-agricultural benchmarks, the EU plans to launch the 19th round of sanctions against Russia". It is carefully xmaccount.compiled and edited by the editor of XM Foreign Exchange. I hope it will be helpful to your transactions! Thanks for the support!
Share, just as simple as a gust of wind can bring refreshment, just as pure as a flower can bring fragrance. The dusty heart gradually opened, and I learned to share, sharing is actually so simple.
Disclaimers: XM Group only provides execution services and access permissions for online trading platforms, and allows individuals to view and/or use the website or the content provided on the website, but has no intention of making any changes or extensions, nor will it change or extend its services and access permissions. All access and usage permissions will be subject to the following terms and conditions: (i) Terms and conditions; (ii) Risk warning; And (iii) a complete disclaimer. Please note that all information provided on the website is for general informational purposes only. In addition, the content of all XM online trading platforms does not constitute, and cannot be used for any unauthorized financial market trading invitations and/or invitations. Financial market transactions pose significant risks to your investment capital.
All materials published on online trading platforms are only intended for educational/informational purposes and do not include or should be considered for financial, investment tax, or trading related consulting and advice, or transaction price records, or any financial product or non invitation related trading offers or invitations.
All content provided by XM and third-party suppliers on this website, including opinions, news, research, analysis, prices, other information, and third-party website links, remains unchanged and is provided as general market commentary rather than investment advice. All materials published on online trading platforms are only for educational/informational purposes and do not include or should be considered as applicable to financial, investment tax, or trading related advice and recommendations, or transaction price records, or any financial product or non invitation related financial offers or invitations. Please ensure that you have read and fully understood the information on XM's non independent investment research tips and risk warnings. For more details, please click here