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market analysis
The US dollar index has been falling continuously, and competition for the position of Federal Reserve Chairman is booming!
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Hello everyone, today XM Foreign Exchange will bring you "[XM Foreign Exchange Market Analysis]: The US dollar index has been falling continuously, and the www.xmh100.competition as chairman of the Federal Reserve is booming!". Hope it will be helpful to you! The original content is as follows:
On August 14, early trading in the Asian market on Thursday, Beijing time, the US dollar index hovered around 97.67. On Wednesday, as investors basically determined that the Federal Reserve cut interest rates in September, the US dollar index fell for the second consecutive trading day and fell below the 98 mark, and finally closed down 0.28% to 97.75; the benchmark 10-year U.S. Treasury yield closed at 4.245%, and the 2-year U.S. Treasury yield closed at 3.683%. Boosted by the weakening of the US dollar and the decline in US Treasury yields, spot gold rose slightly and once rushed above the $3370 mark during the session, but then most of the gains were given up and finally closed up 0.23%, closing at $3355.83/ounce; spot silver closed up 1.58%, at $38.48/ounce. Oil prices hit a new low in more than two months as the IEA issued pessimistic supply guidelines and U.S. President Trump continued to threaten Russian President Putin. WTI crude oil continued to fall during the day, but rebounded slightly during the US session and finally closed down 0.6% at $62.08/barrel; Brent crude oil finally closed down 0.55% at $65.34/barrel.
Analysis of major currencies
Dollar Index: As of press time, the US dollar index hovered at US$97.67. The dollar index (DXY) continued its decline for the second consecutive trading day on Wednesday, affected by weak inflation data and market expectations of rising Fed rate cuts. The dollar index was 97.81 intraday, the lowest closing price since July 28, and fell 0.2% on Wednesday after falling 0.5%. This trend reflects a heightened bearish sentiment as traders count on radical policy easing expectations. Technically, if the US dollar index remains at 97.80Below the horizontal, it will move towards the nearest support level, which is in the 97.10–97.30 range.
Analysis of gold and crude oil market trends
1) Analysis of gold market trends
On Thursday, gold hovered around 3371.19. Looking ahead, if the expectation of a 50-point interest rate cut in September further heats up, gold is expected to continue to be strong and even challenge a higher threshold; but if geopolitical risks unexpectedly escalate or economic data exceed expectations, gold prices may also face a pullback. Investors should keep an eye on Powell’s speech at Jackson Hall next week and the Trump administration’s potential adjustments to the successor of the Fed’s chairman, which could be a turning point in gold prices. This trading day focuses on changes in the number of initial unemployment claims in the United States and the performance of the US PPI data in July. On Friday, the meeting between Trump and Putin was focused.
2) Analysis of crude oil market trends
On Thursday, crude oil trading around 62.11. Oil prices fell to more than two months lows on Wednesday after the U.S. government and the International Energy Agency issued pessimistic supply guidelines, while investors were concerned about the threat from U.S. President Donald Trump, who would face "serious consequences" if Russian President Putin hinders peace in Ukraine. Investors are currently awaiting further U.S. indicators this week, including producer price index, the number of unemployment claims filed last week and retail sales. On the geopolitical front, European and Ukrainian leaders will meet with Trump before Trump meets with Russian President Putin, while China and the United States extend the tariff truce for 90 days.
Forex market trading reminder on August 14, 2025
17:00Eurozone's second quarter GDP annual rate correction
17:00Eurozone's second quarter quarterly adjusted employment in the initial quarter rate
17:00Eurozone's June industrial output monthly rate
20:30Eurozone's initial request for unemployment benefits in the week from the United States to August 9
20 :30 US July PPI annual rate
20:30 US July PPI monthly rate
22:30 US July EIA natural gas inventory in the week from the United States to August 8
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