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Civil strife broke out in the United States, and non-farmers once again suppressed Fed rate cut expectations
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Hello everyone, today XM Foreign Exchange will bring you "[XM Foreign Exchange Decision Analysis]: Civil strife broke out in the United States, and non-farm farmers once again suppressed the Federal Reserve's expectation of interest rate cuts." Hope it will be helpful to you! The original content is as follows:
On June 9, in the early trading of Asian market on Monday, Beijing time, the US dollar index hovered around 99.17. Last Friday, the US dollar index rose, recovering the 99 mark and finally closed up 0.491% to 99.22 as non-farm data exceeded expectations. The yield on the US Treasury rose sharply, with the benchmark 10-year US Treasury yield rising by more than 10 basis points to close at 4.512%, and the yield on the 2-year US Treasury exceeded 4%, closing at 4.045%. Spot gold continued to fall after the non-agricultural data was released, falling below the $3310 mark for a time, and finally closed down 1.22%, closing at $3311.68/ounce; spot silver continued its upward trend, but failed to stand firm above $36/ounce, and finally closed up 0.9% to $35.954/ounce, with a cumulative increase of more than 9% throughout the week. International crude oil rose for the second consecutive day as concerns that an economic slowdown would curb crude oil demand eased. WTI crude oil station rose 64 USD/barrel and finally closed up 2.36% to $64.11 USD/barrel; Brent crude oil closed up 2.04% to $66.37 USD/barrel.
Analysis of major currencies
Dollar Index: As of press time, the US dollar index hovers around 99.17. The dollar rose 0.47% against other major currencies last Friday to close at 99.20 as data showed better-than-expected employment growth in May, although growth slowed down from last month, suggesting that the Fed may wait longer before cutting interest rates. In addition, the dollar has been subject to uncertainty over President Trump's tariff policy and the prospects for negotiations with trading partners, including China, and the U.S. Senate passed deficit spending and taxes in the House of Representatives.The bill under consideration after the bill and the drag on the recent economic data trajectory. 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 towards the next resistance level 100.20–100.40.
Analysis of gold and crude oil market trends
1) Analysis of gold market trends
On the Asian session on Monday, gold trading around 3306.87. Large-scale riots in Los Angeles, the United States have attracted some safe-haven buying to support gold prices. In the next week, the market will usher in trade negotiations between major powers and heavy US CPI data, and investors need to pay attention to it. On Monday (June 9), the US New York Fed's 1-year inflation expectation in May. In addition, at the invitation of the British government, He Lifeng, member of the Political Bureau of the CPC Central xm-forex.committee and Vice Premier of the State Council, will visit the UK from June 8 to 13. During this period, the first meeting of the China-US economic and trade consultation mechanism will be held with the United States. Investors need to pay attention.
2) Analysis of crude oil market trends
On the Asian session on Monday, crude oil trading around 63.80. Crude oil prices rose more than $1 last Friday, marking the first weekly gain in three weeks, helped by positive U.S. jobs report and restarting trade talks, which boosted hopes for growth in the two major economies around the world. In the next week, the market will usher in trade negotiations between major powers and heavy US CPI data, and investors need to pay attention to it. On Monday (June 9), the US New York Fed's 1-year inflation expectation in May. In addition, at the invitation of the British government, He Lifeng, member of the Political Bureau of the CPC Central xm-forex.committee and Vice Premier of the State Council, will visit the UK from June 8 to 13. During this period, the first meeting of the China-US economic and trade consultation mechanism will be held with the United States. Investors need to pay attention.
Forex market trading reminder on June 9, 2025
09:30 China's May CPI annual rate
22:00 United States April wholesale sales monthly rate
23:00 United States May New York Fed's 1-year inflation expectation
The above content is about "[XM Foreign Exchange Decision Analysis]: Civil strife broke out in the United States, and non-farm farmers once again suppressed the Federal Reserve's expectation of interest rate cuts" was carefully xm-forex.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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