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market analysis
The US dollar hovered above 98, and Powell responded to the "decoration door" storm!
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Hello everyone, today XM Foreign Exchange will bring you "[XM Foreign Exchange Market Analysis]: The US dollar is hovering above 98, and Powell responds to the "decoration door" storm!". Hope it will be helpful to you! The original content is as follows:
On July 15, early trading in the Asian market on Tuesday, Beijing time, the US dollar index hovered around 98.03. On Monday, the US dollar index maintained a narrow range of fluctuations, successfully hitting the 98 mark in the late trading session, and finally closed up 0.24% to 98.071. The yield on the US Treasury continued to rise, with the benchmark 10-year US Treasury yield closing at 4.439%, and the 2-year US Treasury yield closing at 3.919%. Spot gold opened high and closed low, hit a new high of three weeks intraday, and then gave up all the gains in the day, finally closing down 0.37%, closing at $3343.52/ounce; spot silver once stood above the 39 mark, hitting a new high since September 2011, and then took a sharp turn and fell sharply, finally closing down 0.62% to $38.14/ounce. As the trade war rekindled the outlook for oil market demand, international oil prices plummeted. WTI crude oil fell continuously in the US session and finally closed down 2.56% at $65.86 per barrel; Brent crude oil closed down 2.16% at $68.53 per barrel.
Analysis of major currencies
Dollar Index: As of press time, the US dollar index hovers around 98.03. Market sentiment is significantly affected by Trump's latest tariff remarks, and www.xmhouses.combined with the upcoming June U.S. Consumer Price Index (CPI) data, traders remain cautious and wait and see further guidance from subsequent fundamentals and technical aspects. Technically, the U.S. dollar index is trying to close above resistance at 98.00–98.20. If this attempt is successful, it will move towards the next resistance level in the 99.20–99.40 range.
Analysis of gold and crude oil market trends
1) Analysis of gold market trends
On the Asian session on Tuesday, gold hovered around 3348.75. Gold is at a critical juncture in the fierce www.xmhouses.competition between bulls and bears. On the one hand, trade tensions and geopolitical risks provide support for gold prices; on the other hand, the strengthening of the US dollar and the rising yield of US bonds are suppressing gold prices. In this www.xmhouses.complex environment, investors need to pay close attention to the following key indicators: US inflation data, Federal Reserve policy trends, trade negotiation progress, and changes in geopolitical situations.
2) Analysis of crude oil market trends
On Tuesday, crude oil trading was around 65.66. Oil prices fell more than $1 on Monday, and investors weighed the new threat of US President Trump's sanctions on Russian oil buyers. This move may affect global oil supply, and investors at the same timeStill worried about Trump's tariffs.
Forex market trading reminder on July 15, 2025
Domestic refined oils open a new round of price adjustment window
OPEC releases monthly crude oil market report
Both Bank of England Governor and Finance Minister give speeches
09:30Monthly price report on residential prices in 70 large and medium-sized cities in China
10:00China's second quarter GDP annual rate
10:00 China's total retail sales of consumer goods in June year-on-year
10:00 China's industrial added value above designated size in June year-on-year
14:45 Federal Reserve Collins delivered a speech
17:00 Germany's July ZEW Economic Prosperity Index
17:00 Eurozone July ZEW Economic Prosperity Index
17:00 Eurozone May Industrial Output Monthly Rate
17:00 Eurozone May Industrial Output Monthly Rate
20:30 Canadian June CPI monthly rate
20:30 United States June unseasoned CPI annual rate
20:30 United States June seasonally adjusted CPI monthly rate
20:30 United States June seasonally adjusted core CPI monthly rate
20:30 United States June seasonally adjusted core CPI annual rate
20:30 United States July New York Fed Manufacturing Index
21 :15 Federal Reserve Director Bauman delivered a speech at the meeting
Feder Director Barr delivered a speech
The next day at 00:45 Federal Reserve Director Barr delivered a speech
The next day at 02:45 Federal Reserve Collins delivered a speech
The above content is about "[XM Foreign Exchange Market Analysis]: The US dollar is hovering above 98, and Powell responds to the "decoration door" storm!", which was carefully www.xmhouses.compiled and edited by the XM Foreign Exchange editor. I hope it will be helpful to your transactions! Thanks for the support!
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