Abstract:On Friday (October 20) at the end of the Asian market, the dollar index was affected by Powell's speech yesterday, the price volatility increased, and broke through the previous low point,
On Friday (October 20) at the end of the Asian market, the dollar index was affected by Powell's speech yesterday, the price volatility increased, and broke through the previous low point, today the Asian dollar index was supported to rise, the current price is at 106.45 line; Gold Asia market opened up, but the rise is not large, the current price is around 1976.83 shock; Us crude oil yesterday was affected by the fundamentals, the price turned from down to up, today's Asian market price is around 88.96 shock, waiting for further guidance from the fundamentals; Eur/USD opened lower in Asia and is currently trading at 1.0569; Usdjpy sub-market continues to remain volatile, subject to the BOJ intervention expectations at any time, USDJPY has been cautious in the near term, the current price is around 149.90;
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 October 20, Beijing time.
· Gold XAUUSD· | |
Resistance | 1982.27 – 1987.74 – 1993.21 |
Support | 1972.37 – 1962.70– 1952.15 |
· Crude Oil USOUSD· | |
Resistance | 89.14 – 90.86 – 92.07 |
Support | 87.66 – 85.33 – 84.37 |
·EURUSD· | |
Resistance | 1.0579 - 1.0594 – 1.0615 |
Support | 1.0555 - 1.0522 |
· GBPUSD· | |
Resistance | 1.2143– 1.2191 – 1.2210 |
Support | 1.2089 - 1.2035 |
Fed Governor Christopher Waller's recent comments have highlighted a cautious stance towards adjusting interest rates, marking a significant moment for the financial markets.
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
In the latest market wrap focusing on the foreign exchange sector, the U.S. dollar index showed minimal movement, holding at 104.31.
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.