Wonderful introduction:
Optimism is the line of egrets that are straight up to the blue sky, optimism is the thousands of white sails beside the sunken boat, optimism is the lush grass that blows with the wind on the head of the parrot island, optimism is the falling red spots that turn into spring mud to protect the flowers.
Hello everyone, today XM Forex will bring you "[XM Forex Market Analysis]: Will retail sales data push the US dollar index into the bearish range on Thursday?" Hope it will be helpful to you! The original content is as follows:
XM Forex APP News--During the European session on Wednesday (May 14), the US dollar index (DXY) fell to 100.58 during the session, down 0.40%. Previously, investors readjusted their expectations for Fed policy due to lower-than-expected inflation data and easing trade tensions. This decline deepened the two-day pullback trend starting from the 101.302 resistance level and the downward 50-day moving average of 101.900. Market momentum shows that the US dollar index may test the next technical target, near the short-term 50% retracement level of 99.391. The CPI data was lower than expected, rekindling the Fed's easing expectations. The April Consumer Price Index (CPI) released on Tuesday rose only 0.2%, lower than 0.3%, strengthening the market's expectations for the Fed's interest rate cut. Currently, the annual CPI is 2.3%, lower than expected 2.4%, while the core inflation rate is stable at 2.8%. The weak inflation data triggered a full-scale sell-off of the dollar, with the euro rising 0.33% to $1.1222, the pound rising 0.24% to $1.3335, and the dollar fell 0.96% to 146.04 against the yen. Jane Foley of Rabobank pointed out that after the April tariff announcement, the dollar performed more like a "risk asset", contrary to its typical safe-haven role. Inflation is weak, Treasury yields are still rising slightly, although CPI data is lower than expected, U.S. Treasury yields are still rising slightly, indicating that investors are skeptical about how fast inflation can support the Fed's sharp interest rate cut. The 10-year Treasury yield remained around 4.505%, while the 2-year Treasury yield rose 1.5 basis points to 4.032%. DeutscHeBank analysts said inflationary pressures related to tariffs have not yet appeared, with the April data impact moderate. They expect a more significant impact on consumer prices by June, especially as recent trade agreements and 90-day tariff suspensions delayed inflation effects. South Korea
The above content is about "[XM Forex Market Analysis]: Will the retail sales data push the US dollar index into the bearish range on Thursday?", which was carefully compiled and edited by the editor of XM Forex. I hope it will be helpful to your trading! Thanks for the support!
Every successful person has a beginning. Only by having the courage to start can you find the way to success. Read the next article now!