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2015年最佳本地客户服务
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2013最佳创新外汇平台奖
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荣获2022年City of London Wealth Management Awards
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2021年迪拜外汇博览会获颁赠
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荣获2020年City of London Wealth Management Awards
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Capital Finance International Magazine (CFI.co)颁赠
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Capital Finance International Magazine (CFI.co)颁赠
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荣获2019年City of London Wealth Management Awards
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World Finance Magazine 颁赠
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2016年最佳外汇经纪商
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2015年最佳本地客户服务
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2015最佳外汇交易平台
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2015最佳金融交易平台
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2013最佳创新外汇平台奖
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荣获2022年City of London Wealth Management Awards
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2021年迪拜外汇博览会获颁赠
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Ultimate Fintech 2021年颁赠
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Capital Finance International Magazine (CFI.co)颁赠
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荣获2019年City of London Wealth Management Awards
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2017年伦敦财富管理奖
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2024年埃及 Smart Vision 峰会颁赠
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投查查于2024年颁赠
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Capital Finance International Magazine (CFI.co) 2024年颁赠
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CFI.co于2023年颁赠
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CFI.co于2023年颁赠
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CFI.co于2022年颁赠
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CFI.co于2022年颁赠
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World Finance Forex Awards 2022 颁发
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World Finance Forex Awards 2022 颁发
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2021年埃及Smart Vision Investment Expo博览会获颁赠
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CFI.co于2021年颁赠
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Global Forex Awards颁赠
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2016年最佳黄金经纪商
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2013最佳创新外汇平台奖
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荣获2023年City of London Wealth Management Awards
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荣获2022年City of London Wealth Management Awards
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CFI.co于2022年颁赠
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2021年迪拜外汇博览会获颁赠
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Ultimate Fintech 2021年颁赠
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Capital Finance International Magazine (CFI.co)颁赠
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荣获2019年City of London Wealth Management Awards
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Shares Magazine 授予 UK Forex Awards 2018
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Capital Finance International Magazine (CFI.co)颁赠
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2017年伦敦财富管理奖
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2014年最佳外汇科技提供商
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2013最佳创新外汇平台奖
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金融行业的佼佼者
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认证最优金牌级别
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market news
The US dollar index maintains a volatile situation, and the market continues to pay attention to Sino-US trade negotiations and US CPI
Wonderful introduction:
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Hello everyone, today XM Foreign Exchange will bring you "[XM Foreign Exchange]: The US dollar index maintains a volatile situation, and the market continues to pay attention to Sino-US trade negotiations and the US CPI." Hope it will be helpful to you! The original content is as follows:
The US dollar index fluctuated narrowly on Wednesday, and the US dollar rose on Tuesday, helped by U.S. officials said trade negotiations were going well, although there was no clear consensus on reaching an agreement the day after the negotiations continued. On the other hand, the pound fell against the dollar as UK employment data showed weak labor markets. In addition to trade negotiations, investors are also paying close attention to the U.S. Consumer Price Index (CPI) data for the upcoming June 11th. The speech of the European Central Bank chief economist Lian En during the day; British Chancellor Reeves announced his multi-year spending plan; U.S. Treasury Secretary Bescent testified before the House xm-forex.committee.
Analysis of major currencies
Dollar: As of press time, the US dollar index hovered around 98.96. Investors felt anxious and the US dollar index fell back as chief negotiators from the United States (US) and China held trade negotiations in London. The dollar has been hit hard in the past few months as new economic policies and unstable tariff announcements implemented by U.S. President Donald Trump has skeptical of the credibility of the dollar. Judging from the daily line structure, the technical form of the US dollar index shows weak consolidation characteristics. The 200-day moving average (104.0782) flattened, the 50-day (100.1037) and the 100-day moving average (106.8489) remained downward, and the slope of the 50-day moving average was steeper, indicating that the medium-term bear pattern has not changed. The current deviation between the exchange rate and the long-term moving average is 5%, and there is a need for technical repair.
1. India and the United States are expected to reach a temporary trade agreement
Indian government sources said that India and the United States have made progress, with the focus of negotiations on market access, tariff reduction and non-tariff barriers for industrial and some agricultural products. India and the United States are expected to reach a temporary trade deal by the end of this month. Sources said the two sides discussed increasing bilateral digital trade through improved customs and trade facilitation measures, adding that “negotiations will continue” to allow for an early initial stage of a trade agreement. Officials added that the next phase of negotiations could deal with more xm-forex.complex issues, with the goal of signing the first part of the bilateral trade agreement by September or October. India rejected U.S. demands for open markets for wheat, dairy and corn imports, while offering lower tariffs on high-value U.S. products such as almonds, pistachios and walnuts, one of the sources said. India also asked the United States to cancel the 10% benchmark tariff. However, the United StatesHe expressed his objection and pointed out that even the UK must xm-forex.comply with this provision in the recently signed bilateral trade agreement.
2. People familiar with the matter: US Treasury Secretary Besent becomes Potential for Powell's successor
More and more advisers inside and outside the Trump administration are pushing another person to serve as the next Federal Reserve Chairman: Treasury Secretary Scott Besent. President Trump said last Friday that he would appoint Powell's successor "soon." Powell's term as chairman of the Federal Reserve will end in May 2026. A small list of candidates being considered includes former Federal Reserve official Wash, who Trump interviewed for the Treasury Secretary last November, according to people familiar with the matter. But people familiar with the matter said Becent, who is pushing for the U.S. economy through xm-forex.comprehensive reforms in trade, taxation and regulation, is now one of the contenders for the position. The formal interview for the position has not yet begun, two people familiar with the matter said.
3. Brazil's inflation unexpectedly cools down. Traders lowered their expectations for interest rate cuts. Brazil's annual inflation rate in May fell more than expected, breaking the three consecutive months of upward trend before central bank officials met to decide whether to continue the aggressive interest rate hike cycle. Official data released on Tuesday showed consumer prices rose 5.32% year-on-year, while the median forecast for the survey was 5.39%. Monthly inflation rate is 0.26%. As a measure of market expectations for monetary policy, interest rate swap contracts expired in January 2027 fell by more than 11 basis points in early trading after inflation slowed beyond expectations. Investors have also lowered expectations for another rate hike in the meeting next week. 4. UK: Corporate outflow from London stock market is driven by pound exchange rate fluctuations, tax and pension policies
Latty, CEO of the UK Financial Conduct Authority, said that corporate outflow from London stock market is driven by pound exchange rate fluctuations, tax and pension policies, and "the huge scale of the US market", rather than its listing rules. "I haven't heard of this as a regulatory issue, and what I've heard is that it's related to what's happening in the UK, Europe, and even some other non-European capital markets, for a wider reason," Latie told the Special xm-forex.committee of the Ministry of Finance on Tuesday. Latie's agency is working to overhaul the UK's listing rules to meet the Labor government's requirements for growth-promoting policies. Nevertheless, he stressed that the U.S. market is attractive to businesses with ambitions of global expansion.
5. The cooling of the British labor market increases the possibility of the Bank of England's interest rate cut in August. HSBC analyst Elizabeth Martins said in a report that UK employment data may turn the situation around, which will benefit the Bank of England's interest rate cut in August. Slower wage growth and rising unemployment rates have increased market pricing for such outcomes. Recent policies may lead wage growth in the opposite direction: new payroll taxes may reduce wage growth, while a rise in minimum wage may increase wage growth. The answer seems to be that the Bank of England has been too dove so far. Even if it is in MayThe weaker-than-expected swelling data is not enough to prompt Bank of England policymakers to cut interest rates next week. Institutional View
1. Fitch: The depreciation of the US dollar provides room for some emerging market central banks to accelerate interest rate cuts
Fitch said that the price of Brent crude oil fell from $79.5 per barrel in 2024 to $65 per barrel in 2025, which will increase economic and fiscal pressure on major oil exporters. The U.S. cuts in international aid have also increased the risks faced by some emerging markets. In contrast, the depreciation of the dollar has eased the burden on emerging markets holding US dollar debt and provided room for some emerging market central banks to speed up interest rate cuts.
2. Institutional survey: European economy is in high pessimism
A study released by the Boston Consulting Group on Tuesday showed that Europeans are becoming increasingly pessimistic about their own economy. In April this year, Boston Consulting conducted a survey of 16,000 consumers in nine European countries including Denmark, France, Germany, Italy, Norway, Romania, Spain, Sweden and the United Kingdom. Overall, 54% of respondents were pessimistic about the domestic economy, up 7 percentage points from the July 2024 survey. Meanwhile, a quarter said they felt "bad" about their personal financial situation, up 3 percentage points year-on-year. In terms of the economy, consumers in the UK and France are the most pessimistic, with about 70% of respondents worried about the economic outlook. The most optimistic consumers are from Scandinavian countries, with only about one-third of them pessimistic about their own economy.
3. Deutsche Bank: The UK's labor market will continue to be weak
Deutsche Bank analyst Sanjay Raja said in a report that loosening in the UK's labor market will prompt the Bank of England to retract its restrictive monetary policy. He said the unemployment rate will rise further, higher than the Bank of England's modal forecast, and potential anti-inflation continues. The latest May data showed that employment fell by 109,000, painted a worrying picture of the worst decline in employment since May 2020. While the situation is not entirely pessimistic, the downturn in the labor market may intensify, he said. Deutsche Bank expects Bank of England interest rates to drop from its current 4.25% to 3.5% by the end of this year before falling to a low of 3.25% in the first quarter of 2026.
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