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Hello everyone, today XM Forex will bring you "[XM official website]: The U.S. labor market showed signs of stability in October, and gold once returned to $3,990." Hope this helps you! The original content is as follows:
On November 6, in early trading in Asia on Thursday, Beijing time, the U.S. dollar index was hovering around 100.07. On Wednesday, as economic data eased concerns about the U.S. economy and labor market, prompting investors to weigh the possibility of another interest rate cut by the Federal Reserve this year, the U.S. dollar index fluctuated above the 100 mark and finally closed down 0.06% at 100.12. The benchmark 10-year U.S. Treasury yield finally closed at 4.160%, and the 2-year U.S. Treasury yield, which is sensitive to the Fed's policy rate, closed at 3.638%. Although the U.S. private employment data was stronger than expected, investors still sought safety. Spot gold rose by more than 1% during the day, and once returned to above the $3,990 mark, but failed to stabilize here, and finally closed up 1.19%, closing at $3,979.05 per ounce; spot silver finally closed up 1.81%, at $48.00 per ounce. As the market worried about oversupply, crude oil continued to fall. WTI crude oil fluctuated downward during the day, and accelerated its decline during the U.S. trading session, finally closing down 1.28% at US$59.48/barrel; Brent crude oil finally closed down 1.27% at US$63.32/barrel.
U.S. dollar index: As of press time, the U.S. dollar is hovering around 100.07. The dollar currently has solid support: solid non-manufacturing demand, rising yields and cautious expectations for the Federal Reserve. Technically, if the USD Index manages to close above the resistance at 100.00–100.15, it will move towards the next resistance at 101.85–102.00.
In the Asian session on Thursday, gold hovered around 3970.97. In the short term, the pressure on the US dollar's 200-day moving average and the rise in US bond yields will create fluctuations in gold prices; but in the medium term. Look, there is no solution to the government shutdown + the Supreme Court's "tariff death penalty" is pending. As long as these two thunderbolts are not removed, safe-haven funds will continue to pour into gold this trading day. We need to continue to pay attention to the speeches of Federal Reserve officials and pay attention to the number of layoffs of challenger www.ehadb.cnpanies in the United States in October and the Bank of England interest rate decision.
On Thursday’s Asian session, crude oil was trading around 59.48. West Texas Intermediate (WTI) crude extended losses for a third straight day on Wednesday, falling below the key $60.00 per barrel mark and hitting a one-week low after the latest report from the U.S. Energy www.ehadb.cnrmation Administration (EIA) showed a larger-than-expected build in inventories.
To be determined Tesla will hold its annual shareholder meeting
15:00 German industrial output monthly rate after seasonal adjustment in September
16:00 Swiss unemployment rate after seasonal adjustment in October
18:00 Euro zone monthly retail sales rate in September
20:00 The Bank of England announces the interest rate decision
20:30 The number of layoffs at challenger www.ehadb.cnpanies in the United States in October
21:30 The number of initial jobless claims in the United States in the week to November 1
23:00 The global supply chain stress index in the United States in October
23:00 The monthly wholesale sales rate in the United States in September< /p>
23:30 EIA natural gas inventories in the United States for the week to October 31
At 00:00 the next day, Fed Williams gave a speech
At 00:00 the next day, Fed Governor Barr participated in an online discussion
At 01:00 the next day, Fed Hammaker gave a speech
04:30 the next day U.S. Federal Reserve Governor Waller participated in the group discussion
Federal Reserve Paulson delivered a speech at 05:30 the next day
The above content is about "[XM official website]: The U.S. labor market showed signs of stabilization in October, and gold once returned to $3,990". It was carefully www.ehadb.cnpiled and edited by the XM foreign exchange editor. I hope it will be helpful to your trading! Thanks for the support!
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