Wonderful introduction:
Since ancient times, there have been joys and sorrows, and since ancient times, there have been sorrowful moon and songs. But we never understood it, and we thought everything was just a distant memory. Because there is no real experience, there is no deep feeling in the heart.
Hello everyone, today XM Foreign Exchange will bring you "[XM Foreign Exchange Market Review]: The US-UK Agreement exposes Trump's intentions! The dominance of the US dollar collapses!". Hope it will be helpful to you! The original content is as follows:
The US dollar index is still in a consolidation phase just below 100.50 after hitting its highest level in nearly a month earlier in the day. Without advanced data releases, market participants will closely follow the comments from the central bank governor on Friday. During the early trading session of the U.S., Statistics Canada will release employment data for April.
On Thursday, the Federal Reserve's hawkish tone and the announcement of the British-US trade deal boosted the dollar. The U.S. dollar index continued to rise after rising nearly 0.8% on the day and hit its highest since April 11 near 100.90 during the Asian trading session on Friday. Several Fed policymakers, including New York Fed Chairman John Williams and Fed Director Christopher Waller, will speak in the second half of the day. Meanwhile, U.S. stock index futures rose and fell during the European session on Friday after major Wall Street stock indexes closed in the upside on Thursday.
Data from China showed earlier Friday that the trade surplus shrank from $102.64 billion in March to $96.18 billion in April. On an annual basis, exports grew by 9.3%, while imports contracted by 0.2%. The Australian dollar/USD rose slightly above 0.6400, and began the European period.
The Bank of England (BoE) announced on Thursday that it would cut policy interest rates by 25 basis points (bps) to 4.25%, as widely expected. In its policy statement, the Bank of England reiterated that the gradual and prudent approach to further eliminating monetary policy restrictions remains appropriate. Bank of England Governor Andrew Bailey said in a post-conference press conference that tariffs on inflation in generalThe impact is still uncertain. The GBP/USD fell more than 0.3% on Thursday and continued to fall slightly in early Friday. As of press time, the pair was trading at a price of just over 1.3250.
The US dollar/JPY maintained its bullish momentum, up more than 1% on Thursday. The pair corrected lower in early Friday trading, but remained above 145.00.
Euro/USD fell to its lowest level in nearly a month below 1.1200 in the Asian session on Friday after closing in the negative territory for two consecutive days. The pair rebounded and traded around 1.1250 in early European trading.
Gold rose in the early trading, broke through the 3300 mark in the European session, and traded around US$3330.
U.S. crude oil rose slightly by 0.3% to $60.25 a barrel on Friday, continuing the previous day's 3.2% gain. Brent crude rose 0.3% to $63.18 a barrel, after rising 2.8% on Thursday.
Euro: Euro/USD has recovered from the correction of 1.1572 through breaking through 1.1265, and the intraday bias has declined again. A deeper decline will occur at the 38.2% retracement level of 1.1039 from 1.0176 to 1.1572. But strong support should be seen bringing a rebound. On the plus side, breaking through 1.1380 will indicate that the correction is completed and brings a retest of 1.1572.
The above content is about "[XM Foreign Exchange Market Review]: The US-UK Agreement exposes Trump's intentions! Dollar MasterLeading position collapses! "The entire content of " was carefully compiled and edited by the editor of XM Forex. I hope it will be helpful to your transactions! Thank you for your support!
Living in the present, don't waste your current life in missing the past or looking forward to the future.