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market analysis
US "terror data" debuts stunningly, US dollar index hesitates
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Hello everyone, today XM Forex will bring you "[XM Forex Market Review]: The US "terror data" made a stunning debut, and the US dollar index is hesitant." Hope it will be helpful to you! The original content is as follows:
On July 18, early trading in Asian market on Friday, Beijing time, the US dollar index hovered around 98.43. On Thursday, as tensions over Powell's sack slumped and U.S. economic data were strong, the U.S. dollar index rose and finally closed up 0.37% to 98.61. U.S. Treasury yields rose and fell mixed, with the benchmark 10-year U.S. Treasury yields closed at 4.457%, and the 2-year U.S. Treasury yields closed at 3.913%. Spot gold plunged after the US "terror data" exceeded expectations, and fell below the $3310 mark for a time. Then the decline narrowed and finally closed down 0.25%, closing at $3347.6/ounce; spot silver rebounded more significantly, eventually closing up 0.62%, at $38.14/ounce. International oil prices stopped falling three times as U.S. economic data eased some concerns about deteriorating oil demand. WTI crude oil station rose 66 and finally closed up 1.33% to $66.31 per barrel; Brent crude oil closed up 1.66% to $68.9 per barrel.
Analysis of major currencies
Dollar Index: As of press time, the US dollar index hovers around 98.43. The dollar rose by strong labor and retail data, as Trump denied rumors of Powell's firing, eased market tensions. The U.S. dollar index briefly broke through the 50-day moving average for the first time since February 98.700, hitting a high of 98.950. Trump's remarks rekindled market doubts about the stability of Fed Chairman Powell's position and policy direction, limiting the dollar's gains. U.S. retail sales rose 0.6% in June, exceeding expectations; the number of initial unemployment claims fell by 7,000, which supported the strong prospect of the US dollar on the technical side, such asAs the dollar index rises above the 99.00 level, it will move towards the nearest resistance level of 99.20–99.40.
Analysis of gold and crude oil market trends
1) Analysis of gold market trends
On Friday, gold hovered around 3339.11. Overall, the gold market is currently in a multi-game game between Federal Reserve policies, US economic data, US dollar trends and tariff policies. The Fed's stance on delaying interest rate cuts, strong retail and employment data, and rising U.S. dollar and U.S. Treasury yields have suppressed gold prices in the short term. However, the support of buying on dips shows the market's long-term confidence in gold. The uncertainty of tariff policies and potential inflationary pressures may further enhance the risk-haven appeal of gold, and the differences within the Federal Reserve on the timing of interest rate cuts have also added variables to the trend of gold prices. This trading day requires attention to the initial value of the University of Michigan Consumer Confidence Index and the U.S. real estate market data, pay attention to the meeting of Treasury Secretary and Central Bank Governors hosted by South Africa, and pay attention to news related to the international trade situation.
2) Analysis of crude oil market trends
On Friday, crude oil trading was around 66.28. Oil prices rose $1 on Thursday after drones hit Iraqi Kurdistan oil fields for the fourth consecutive day, indicating that risks in the turbulent region remained. This trading day requires attention to the initial value of the University of Michigan Consumer Confidence Index and the U.S. real estate market data, pay attention to the meeting of Treasury Secretary and Central Bank Governors hosted by South Africa, and pay attention to news related to the international trade situation.
Forex market trading reminder on July 18, 2025
14:00Germany June PPI monthly rate
16:00Eurozone May seasonally adjusted current account
20:30Total number of new houses started in June in the United States
20:30Total number of construction permits in the United States in June
22:00U.S.One-year inflation rate expected in July
22:00U.S.Michigan in JulyThe initial value of the University Consumer Confidence Index
The next day, 01:00, the total number of oil drilling rigs in the week from the United States to July 18
The above content is about "[XM Foreign Exchange Market Review]: The US "terror data" made a stunning debut, and the US dollar index is hesitant". It was carefully xmserving.compiled and edited by the editor of XM Foreign Exchange. I hope it will be helpful to your trading! Thanks for the support!
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