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Hello everyone, today XM Forex will bring you "[XM official website]: U.S. initial filing data hit a three-year low, and the Bank of Japan is almost certain to raise interest rates in December." Hope this helps you! The original content is as follows:
On December 5, in early Asian trading on Friday, Beijing time, the U.S. dollar index was hovering around 99.03. On Thursday, as investors prepared for the Federal Reserve to cut interest rates next week, the U.S. dollar index recovered slightly, but was still close to the five-week low hit during the session, and finally closed up 0.2% at 99.06; the benchmark 10-year U.S. Treasury yield finally closed at 4.1030%, and the 2-year U.S. Treasury yield, which is sensitive to the Federal Reserve's policy interest rate, closed at 3.5310%. Data showed that the number of people filing for unemployment benefits in the United States last week was far lower than economists expected, falling to the lowest level in more than three years. Spot gold maintained a volatile trend during the day and finally closed up 0.15% at US$4208.48 per ounce; spot silver suffered profit-taking and finally closed down 2.33% at US$57.11 per ounce. Oil prices rose in choppy trading on Thursday as markets weighed geopolitical tensions against news that Saudi Arabia had cut prices for Asia's main crude oil. WTI crude oil finally closed up 1.08% at US$59.74/barrel; Brent crude oil finally closed up 0.91% at US$63.32/barrel.
U.S. dollar index: As of press time, the U.S. dollar is hovering around 99.03. The dollar edged higher on Thursday, ending a nine-session losing streak, but remained near five-week lows as markets braced for an interest rate cut by the Federal Reserve next week. Traders are likely to accelerate their selling of the dollar as expectations grow for a rate cut by the Federal Reserve next week and speculation intensifies that Powell may be replaced by a more dovish figure. Technically, if the US dollar index falls below 98.85, it will move towards the next support level of 98.00-98.15.
On Friday in Asia, gold hovered around 4203.92. The rise in U.S. Treasury yields and the joy of U.S. employment data. The outlook limited the precious metal's upside. Traders may prefer to wait and see before the release of key U.S. inflation data. The U.S. personal consumption expenditures (PCE) price index report will be released later on Friday. src="/uploads/2025/12/0bglwamtrso.jpg" />
Technical: Gold is still biased towards the upside, and the intraday closing price above $4,200 paves the way for price gains. The relative strength index (RSI) is still bullish, but has stabilized, indicating consolidation. If gold breaks through $4,250, it may try to hit $4,300, the next one. The target is the all-time high of $4,381. On the other hand, if gold falls below $4,200, the support level is the 20-day simple moving average (SMA) of $4,124, followed by the $4,100 support level in front of the 50-day moving average of $4,059.Weekly.In the five Asian markets, crude oil was trading around 59.39. Oil prices closed higher on Thursday, mainly driven by the dual factors of expectations of a Federal Reserve interest rate cut and the deadlock in Ukraine peace talks. In addition, the market is awaiting U.S. inflation data to determine the Fed's policy outlook next week.
23:00 The annual rate of the core PCE price index in September in the United States
23:00 The initial value of the one-year inflation rate in the United States in December
23:00 The monthly rate of personal expenditures in the United States in September
23:00 The initial value of the University of Michigan consumer confidence index in December
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23:00 US September core PCE price index monthly rate
The next day at 02:00 the total number of oil rigs in the United States for the week to December 5
The above content is about "[XM official website]: US preliminary request data hit a three-year low, the Bank of Japan is almost certain to raise interest rates in December". It was carefully www.xmasseuse.compiled 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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