Wonderful introduction:
Let me worry about the endless thoughts, tossing and turning, looking at the moon. The full moon hangs high, scattering bright lights all over the ground. www.xmasseuse.come to think of it, the bright moon will be ruthless, thousands of years of wind and frost will be gone, and passion will grow old easily. If you have love, you should grow old with the wind. Knowing that the moon is ruthless, why do you always place your love on the bright moon?
Hello everyone, today XM Forex will bring you "[XM Forex Official Website]: The foreign exchange market is down, pay attention to EU inflation data". Hope this helps you! Original content below:
Although global bond markets stabilized after a sell-off on Monday driven by Bank of Japan Governor Kazuo Ueda, Europe remained cautious early on.
In a speech on Monday, Ueda laid the groundwork for a December rate hike, sending global yields soaring and Japanese bond yields also rising sharply.
U.S. Treasury yields were also supported as the market weighed the Federal Reserve's next steps after its December monetary policy meeting next week.
According to CME Group's FedWatch tool, the market continues to estimate an 87% chance that the Federal Reserve will cut interest rates by 25 basis points (bps) later this month.
The latest data released by the Institute for Supply Management (ISM) on Monday supported dovish market expectations.
The U.S. manufacturing sector contracted for the ninth consecutive month in November, with the ISMPMI falling to 48.2 from 48.7 a month ago. Market expectations were 48.6.
Despite weak U.S. data, the U.S. dollar (USD) found support from a surge in U.S. Treasury yields. So far, the U.S. dollar has realized the rebound momentum of major currency www.xmasseuse.competition, with the U.S. dollar index (DXY) rising steadily to around 99.50.
On the sidelines of the Asia conference, data released by the Australian Bureau of Statistics (ABS) showed that the country's current account balance fell by A$500 million in the September quarter. However, the data failed to have a negative impact on the Australian dollar against the US dollar, which rose 0.15% on the day to 0.6555.
USD/JPY rebounded to 156.00, recovering from previous losses.
EUR/USD at 1.1600Trading within the narrow range above. Traders are turning cautious as Eurostat is about to release its Harmonized Consumer Price Index (HICP) inflation data for November.
GBP/USD held on to 1.3200 as no top macro data was released on either side of the Atlantic and trading was lackluster.
Gold was still in the doldrums in early European trading on Tuesday. Despite mixed fundamental signals, gold still managed to hold the $4,200 mark. The generally positive tone in the stock market has dented demand for traditional safe-haven assets and pulled it away from its highest since Oct. 20, a level hit on Monday.
Euro; EUR/USD is still in the range below 1.1655, and the intraday bias remains neutral. On the upside, a decisive breakthrough of 1.1655 will www.xmasseuse.complete the top and is expected to form a bottom pattern (LS: 1.1540, h: 1.1467, rs: 1.1490). This would say that the entire decline from 1.1917 has been www.xmasseuse.completed as a correction. This should be followed by further gains towards the 1.1727 resistance first. However, below 1.1554, the downward direction of the 1.1490 support will first change.
The above content is all about "[XM Foreign Exchange Official Website]: The foreign exchange market is down, pay attention to EU inflation data". It is carefully www.xmasseuse.compiled and edited by the editor of XM Foreign Exchange. I hope it will be helpful to your trading! Thanks for supportinghold!
Sharing is as simple as a gust of wind can bring refreshing, as pure as a flower can bring fragrance. Gradually my dusty heart opened up, and I understood that sharing is actually as simple as the technology.