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market analysis
The United States has made a big mistake in the data on unemployment claims! The US dollar index rose above 97
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Hello everyone, today XM Foreign Exchange will bring you "[XM Foreign Exchange Market Review]: There is a big mistake in the United States' continued unemployment claims data! The US dollar index rose above 97". Hope it will be helpful to you! The original content is as follows:
On September 19, in the early trading of Asian market on Friday, Beijing time, the US dollar index hovered at 97.39. On Thursday, the number of initial unemployment claims released by the United States hit its biggest drop in nearly four years, reversing the sharp increase in the previous week (Note: Hours after the data was released, it was reported that North Carolina's renewal data was wrongly underestimated by more than 19,000 people, and a spokesman for the Department of Labor said it was still investigating the matter). The US dollar index recovered the 97 mark and finally closed up 0.35% to 97.36. The benchmark 10-year U.S. Treasury yield closed at 4.1080%, and the 2-year U.S. Treasury yield closed at 3.5740%. Affected by negative initial request data, spot gold plunged more than $40 at most, and finally closed down 0.41%, closing at $3,643.75/ounce; spot silver rebounded after the decline, almost recovering lost ground, and finally closed up 0.35%, at $41.79/ounce. International crude oil continued its decline on Wednesday amid concerns oversupply and weak fuel demand in the United States, the world's largest oil consumer. WTI crude oil eventually closed down 1.03% at $63.30 per barrel; Brent crude oil finally closed down 0.6% at $67.51 per barrel.
Analysis of major currencies
Dollar Index: As of press time, the US dollar hovered around 97.39. The U.S. dollar index rose sharply on Thursday as rising U.S. Treasury yields rekindled demand for the U.S. dollar. The move reflects that although the Fed just announced a rate cut the day before, economic data eased market concerns about weak labor markets and the overall U.S. fixed income market is repricing. Technically, the U.S. dollar index is trying to close below resistance level 97.10–97.25square. If this attempt is successful, the U.S. dollar index will move to the next resistance level 98.00–98.20.
Analysis of gold and crude oil market trends
1) Analysis of gold market trends
On Friday, gold hovered around 3642.03. Gold prices fell on Thursday in profit-taking, as the market assessed the Fed's position to cut further interest rates. The gold price hit a record high in the previous trading day. Spot gold fell 0.4% to $3,643.40 per ounce. US gold futures for December delivery closed down 1.1% to $3,678.30. The previous trading day was volatile, with spot prices briefly hitting a record high of $3,707.40 before falling back from that level.
2) Analysis of crude oil market trends
On Friday, crude oil trading was around 63.19. WTI fell due to concerns about the health of the U.S. economy. Still, a sharp decline in U.S. crude oil inventories and a rate cut by the Federal Reserve (Fed) may limit the downside of WTI.
Forex market trading reminder on September 19, 2025
To be determined. The Bank of Japan announced interest rate resolution
14:00German August PPI monthly rate
14:00UK August seasonally adjusted retail sales monthly rate
14:30Bank of Japan Governor Kazuo Ueda held a press conference
20:30Canada July retail sales month Rate
The next day, 01:00, the total number of oil drilling rigs in the week from the United States to September 19
The next day, 02:30, the Federal Reserve Daly attended the fireside conversation
The above content is about "[XM Foreign Exchange Market Review]: The United States has a big mistake in unemployment claims data! The US dollar index rose above 97". It was carefully xm-forex.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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