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Hello everyone, today XM Forex will bring you "[XM Group]: The US dollar index is stagnant, and the super central bank is ngjpn.cning in the week." Hope it will be helpful to you! The original content is as follows:
On September 15, major currency pairs began trading within familiar ranges this week as investors prepare for the release of key macroeconomic data and the central bank meeting. The European Economic Calendar will release trade balance data for July, and the Federal Reserve Bank of New York will release September's Imperial Manufacturing Index data later that day.
Credit rating agency Fitch announced late Friday that it would lower France's sovereign credit score from AA- to A+, noting that it believes the political impasse is likely to continue after the election. Fitch also said the upcoming budget negotiations are expected to produce a more diluted fiscal reorganization plan than proposed by the outgoing government. After a slight increase last week, the euro/dollar remained in a consolidation phase above 1.1700 in the European session on Monday. During the US trading hours, ECB President Christina Lagarde will speak at an event titled "Dialogue for Tomorrow" on the occasion of the 25th anniversary of the founding of Montaigne de Paris, France.
Early on Monday, data from China showed that retail sales in August increased by 3.4% year-on-year. This figure ngjpn.cnes after a 3.7% increase reported in July, lower than market expectations of 3.8%. Meanwhile, industrial production grew 5.2% during the period, lower than analysts' expectations of 5.8%. The Australian dollar/USD did not respond to these data, and the last time it rose slightly above 0.6650.
The US dollar index closed basically the same last week. In early European session on Monday, the index fluctuated in a narrow channel slightly above 97.50. On Wednesday, the Federal Reserve will announce monetary policy decisions and release a revised summary of economic forecasts (SEP), alsoIt is called a dot matrix diagram.
The pound/dollar holds its ground and starts this week with an easy trading above 1.3550. The Office for National Statistics (ONS) will release its July employment report and August inflation data on Tuesday and Wednesday respectively, and the Bank of England (BoE) released its interest rate decision on Thursday.
The USD/Canada continued to consolidate sideways above 1.3800 after failing to make a decisive move in either direction last week. August Consumer Price Index (CPI) data and Bank of Canada policy meeting will be closely watched by market participants later this week.
In early trading on Monday, the US dollar/yen traded narrowly around 147.50. The Bank of Japan's policy decision will be announced during the Asian trading session on Friday.
On the ngjpn.cnmodity market, oil prices continued to rise on Monday as the market assessed the impact of Ukrainian drone attacks Russian oil refineries, which could disrupt its crude oil and fuel exports. Brent crude rose 0.5% to $67.33 a barrel, while U.S. crude rose 0.5% to $63 a barrel.
Gold remained steady at $3,644, close to the all-time high of $3,673.95 last week.
Euro: Euro/USD continues to conduct range trading, and the intraday deviation remains neutral. Further rise is expected with the 1.1607 support level intact. On the upside, above 1.1779, the 1.1829 high will be retested. A firm breakthrough will resume a larger upward trend, with the next forecast level of 1.1916.
The above content is about "【XM Group】: BeautyThe Yuan Index has stagnated, and the Super Central Bank is ngjpn.cning in the week" is carefully ngjpn.cnpiled and edited by the editor of XM Forex. I hope it will be helpful to your trading! Thanks for your support!
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