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Trump slanders Powell again, focusing on Japan's CPI and UK retail sales to gather all attention
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Hello everyone, today XM Forex will bring you "[XM official website]: Trump slanders Powell again, focusing on Japanese CPI and UK retail sales to gather all the attention." Hope it will be helpful to you! The original content is as follows:
On June 20, in the early trading of Asian market on Friday, Beijing time, the US dollar index hovered around 98.58. On Thursday, the US dollar index hit the 99 mark during the session and finally closed down 0.04% to 98.86 as market worries about the escalation of conflict in Iran. The yield on the US Treasury fell first and then rose, with the benchmark 10-year US Treasury yield finally closing at 4.3960%, and the 2-year US Treasury yield closing at 3.9540%. Spot gold remained stable as investors weighed US inflation and the Middle East situation and finally closed up 0.03% to $3,370.31/ounce; spot silver finally closed down 0.91% to $36.37/ounce. The market is still worried about the potential blockade crisis in the Strait of Hormuz. WTI crude oil opened low and closed high, touching $76 for a time, but failed to recover lost territory and finally closed down 1.28% to $73.81 per barrel; Brent crude oil rose 3.5% to $78.69 per barrel.
Analysis of major currencies
Dollar Index: As of press time, the US dollar index hovers around 98.58. The dollar has returned to a safe haven due to fears that the Middle East conflict will escalate into regional wars under US intervention. The dollar index expanded its gains for the fourth consecutive day, hitting an intraday low of 98.70 before falling back. Technically, the U.S. dollar index is trying to close above resistance at 99.00–99.20. If this attempt is successful, the U.S. dollar index will move to the next resistance level 100.20–100.40.
Gold and crude oil market trend analysis
1) Gold market trend analysis
On the Asian session on Friday, gold trading around 3367.18. Trump is weighing his diplomatic retreat as reports from multiple U.S. news websites such as the Wall Street Journal and CBS News show that U.S. President Trump has approved a plan to attack Iran's nuclear facilities and geopolitical factors continue to drive fluctuations in gold prices.
2) Analysis of crude oil market trends
On Friday, crude oil trading was around 73.63. With U.S. President Donald Trump announces that he will be in two weeksWTI prices fell slightly after deciding to participate in the Israel-Iran conflict. Bloomberg reported late Thursday that Trump will decide within two weeks whether to strike Iran, as Israel hit more Iranian nuclear facilities and warned its attacks could overthrow Tehran's leadership. His latest stance shows that he took a step back after a series of tough xmserving.comments, which dragged down WTI prices.
Forex market trading reminder on June 20, 2025
09:00 One-year loan market quotation rate from China to June 20
14:00 Germany May PPI monthly rate
14:00 UK May seasonally adjusted retail sales monthly rate
14:40 Bank of Japan Governor Kazuo Ueda made a speech
20:30 Canada April retail sales monthly rate
20:30 US June Philadelphia Fed Manufacturing Index
22: 00 Eurozone June Consumer Confidence Index Initial Value
22:00 US May Consultative Conference Leading Index Monthly Rate
The next day, 01:00 US to June 20 total oil drilling rigs
The next day, 02:30 New York crude oil July futures xmserving.completed the final on-site transaction
The above content is about "[XM official website]: Trump sprayed Powell again, focusing on Japanese CPI and UK retail sales to gather all attention" and was carefully xmserving.compiled by the editor of XM Forex. I hope it will be helpful to your transaction! Thanks for the support!
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