Wonderful introduction:
Without the depth of the blue sky, you can have the elegance of white clouds; without the magnificence of the sea, you can have the elegance of the creek; without the fragrance of the wilderness, you can have the greenness of the grass. There is no bystander seat in life. We can always find our own position, our own light source, and our own voice.
Hello everyone, today XM Forex will bring you "[XM Forex Decision Analysis]: The Fed's "dove" sound is getting louder, and bank credit in the United States is booming." Hope this helps you! The original content is as follows:
On October 17, in early Asian trading on Friday, Beijing time, the U.S. dollar index was hovering around 98.18. On Thursday, the U.S. dollar index continued its decline and finally closed down 0.31% at 98.361. U.S. bond yields generally fell, with the benchmark 10-year U.S. bond yield falling below 4% and finally closing at 3.973%. The 2-year U.S. bond yield, which is sensitive to the Federal Reserve's policy interest rate, closed at 3.431%. As the explosion in the U.S. credit market boosted risk aversion and expectations of an interest rate cut by the Federal Reserve increased, spot gold hit a record high for the fourth consecutive trading day, soaring $115 in a single day to more than $4,300 per ounce, and finally closed up 2.8% at $4,326.12 per ounce; spot silver stood above the $54 mark, and finally closed up 2.19% at $54.15 per ounce. The intensifying oil supply glut and concerns about the global economic outlook have caused international crude oil to hit a new low in more than five months. WTI crude oil in the US market followed the plunge of risk assets and finally closed down 2.39% at US$56.87/barrel; Brent crude oil finally closed down 2.23% at US$60.84/barrel.
U.S. dollar index: As of press time, the U.S. dollar is hovering around 98.18. The U.S. dollar faces selling pressure from a series of headwinds, especially the firming of dovish expectations from the Federal Reserve (Fed) and the ongoing trade friction between the United States (US) and China. The dollar remains weak. Concerns that escalating tensions will push the trade relationship between the world's two largest economies to a point of no return are eroding confidence in the dollar. Technically, if the U.S. Dollar Index closes below the 98.50 level, it will move towards the nearestThe support level is located in the 98.00–98.20 range.
In the Asian market on Friday, gold hovered around 4365.48. In early trading in the Asian market, spot gold continued to rise, rising 1.24% at one point, hitting a new all-time high of US$4,379.38 per ounce, an increase of more than US$50 from Thursday's closing price. It has risen nearly 9% so far this week, and the weekly trend is likely to rise for the ninth consecutive week. Gold's current surge is the result of a zgykf.cnbination of multiple positive factors: expectations of interest rate cuts by the Federal Reserve provide liquidity support, Sino-US trade tensions and geopolitical risks stimulate hedging demand, and the weakening of the U.S. dollar and economic uncertainty magnify the charm of gold. Institutional outlooks show that the bull market is expected to continue into 2026 or even higher, but investors need to be wary of short-term fluctuations and policy changes. In an era of heightened global uncertainty, gold is undoubtedly still an asset worth paying attention to, and perhaps the $5,000 mark is not out of reach. It is recommended that investors closely track changes in market expectations for the Federal Reserve meeting and news related to the international trade situation, and pay attention to news related to the geopolitical situation.
On Friday’s Asian session, crude oil was trading around 56.92. Oil prices fell more than 2% on Thursday after Trump said he and Russian President Vladimir Putin had agreed to hold another summit to discuss how to end the war in Ukraine. Meanwhile, traders are also eyeing a possible halt to India's imports of Russian oil, which could reshape oil flows and increase demand for supplies elsewhere.
①17:00 Final value of Eurozone CPI annual rate in September
②17:00 Final value of Eurozone September CPI monthly rate
③20:30 The total number of new housing starts in the United States in September is annualized
④20:30 The total number of construction permits in the United States in September
⑤20:30 The monthly rate of the U.S. import price index in September
⑥21:15 Monthly rate of U.S. industrial output in September
⑦Fed Musallem delivers a speech at 00:15 the next day
⑧The total number of oil drilling rigs in the United States for the week to October 17 at 01:00 the next day
The above content is all about "[XM Foreign Exchange Decision Analysis]: The Fed's "Dove" sound is getting louder, and bank credit in the United States is booming". It is carefully zgykf.cnpiled and edited by the editor of XM Foreign Exchange. I hope it will be helpful to your trading! Thanks for the support!
After doing something, there will always be experiences and lessons learned. In order to facilitate future work, the experience and lessons of past work must be analyzed, researched, summarized, concentrated, and understood at a theoretical level.