Abstract:On Wednesday (October 25), the dollar index rose sharply yesterday, as high as 106.36 line blocked, today's Asian dollar index fell slightly, below 106.18 support, the current price is at 106.26 line; Gold today the Asian market first rose to 1976 near the block, then the price fell to the Asian market opening price 1970.25, the gold price at 1975.03 line
On Wednesday (October 25), the dollar index rose sharply yesterday, as high as 106.36 line blocked, today's Asian dollar index fell slightly, below 106.18 support, the current price is at 106.26 line; Gold today the Asian market first rose to 1976 near the block, then the price fell to the Asian market opening price 1970.25, the gold price at 1975.03 line; Us crude oil fell strongly yesterday, and continuously broke through the previous strong support level, the price is supported below the 82.74 line, today's Asian market US crude oil continued yesterday's decline trend, the current price has not broken through yesterday's low, the price is at the 83.16 line; Eur/USD fell strongly yesterday and closed near the intraday low. Today EUR/USD rose to 1.0606 in Asia and was blocked, the current price is near 1.0600; Usd/JPY rose strongly after falling sharply yesterday, and the current price is back to near yesterday's high. The policy red line around 150 is still pressing the yen's upper break. Today, USD/JPY consolidated around 149.85 in Asia, and we still pay more attention to the dynamic guidance of the Bank of Japan in the future market.
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 25, Beijing time.
·Gold XAUUSD· | |
Resistance | 1979.15 – 1997.25 |
Support | 1964.10 – 1953.13 – 1944.35 |
Gold rose continuously after being supported at the bottom yesterday, and the price was blocked at the 1977.46 line above. If the fundamentals do not change, gold is likely to continue the previous rising trend in the future market. Intraday attention to the support of 1964.10 – 1953.13 – 1944.35 below and the resistance of 1979.15 – 1997.25 above. The market will be judged by whether to break through the upper and lower support and resistance. Note: The above strategy was updated at 15:00 on October 25. This policy is a daytime policy. Please pay attention to the policy release time. |
· Crude Oil USOUSD· | |
Resistance | 84.37 – 85.88 – 87.77 |
Support | 82.74 – 82.26 – 81.39 |
The US crude oil market yesterday continued the previous decline, and broke the previous strong support, finally closed under the strong support, the future market crude oil is likely to continue the previous decline trend, Intraday attention to the support of 82.74 – 82.26 – 81.39 below and the resistance of 84.37 – 85.88 – 87.77 above. The market will be judged by whether to break through the upper and lower support and resistance. Note: The above strategy was updated at 15:00 on October 25. This policy is a daytime policy. Please pay attention to the policy release time. |
·EURUSD· | |
Resistance | 1.0641 - 1.0670 – 1.0694 |
Support | 1.0589 - 1.0571 – 1.0527 |
EURUSD fell strongly yesterday and closed near the day's low, today's Asian market rally is blocked, Afternoon EURUSD is likely to continue the previous downward trend,Intraday attention to the support of 1.0589 - 1.0571 – 1.0527 below and the resistance of 1.0641 - 1.0670 – 1.0694 above. The market will be judged by whether to break through the upper and lower support and resistance. Note: The above strategy was updated at 15:00 on October 25. This policy is a daytime policy. Please pay attention to the policy release time. |
· GBPUSD· | |
Resistance | 1.2174 – 1.2232 – 1.2288 |
Support | 1.2143 - 1.2088 |
GBPUSD fell strongly in the market yesterday, and closed near the intraday low point, today's Asian market invoice rise blocked, after the market GBPUSD is likely to continue the previous decline trend, Intraday attention to the support of 1.2143 - 1.2088 below and the resistance of 1.2174 – 1.2232 – 1.2288 above. The market will be judged by whether to break through the upper and lower support and resistance. Note: The above strategy was updated at 15:00 on October 25. This policy is a daytime policy. Please pay attention to the policy release time. |
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.