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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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Shares Magazine 授予 UK Forex Awards 2018
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Capital Finance International Magazine (CFI.co)颁赠
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Capital Finance International Magazine (CFI.co) 2024年颁赠
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2022年迪拜Forex Expo获颁赠
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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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World Finance Forex Awards 2022 颁发
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World Finance Forex Awards 2022 颁发
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交易社区平台FOLLOWME于2021年颁赠
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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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CFI.co于2021年颁赠
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荣获Global Forex Awards 2021 — 零售外汇 颁赠
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荣获Global Forex Awards 2021 — 零售外汇 颁赠
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World Finance 2021颁发
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CFI.co于2020年颁赠
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World Finance Magazine 颁赠
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World Finance Magazine 颁赠
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FinTech Age Awards颁发
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荣获World Finance Forex Awards 2023中东最佳外汇经纪商奖
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CFI.co于2023年颁赠
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荣获2023年City of London Wealth Management Awards
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荣获2022年埃及金融博览会颁赠
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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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荣获Global Forex Awards 2022 — 零售外汇 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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荣获2021年City of London Wealth Management Awards
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FX168于2020年12月颁赠
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荣获Global Business Awards 2020
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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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Shares Magazine 授予 UK Forex Awards 2018
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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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2017年伦敦财富管理奖
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2016最佳本土 客户服务
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中东和北非地区（MENA）增长最快的经纪商
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2014年最佳外汇科技提供商
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荣获 The Trading Show 2024年非洲 Africa Fintech 峰会颁赠
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2022年迪拜Forex Expo获颁赠
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2022年迪拜Forex Expo获颁赠
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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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World Finance Forex Awards 2022 颁发
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World Finance Forex Awards 2022 颁发
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交易社区平台FOLLOWME于2021年颁赠
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CFI.co于2021年颁赠
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CFI.co于2021年颁赠
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荣获Global Forex Awards 2021 — 零售外汇 颁赠
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荣获Global Forex Awards 2021 — 零售外汇 颁赠
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World Finance 2021颁发
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World Finance 2021颁发
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FOLLOWME于2021年颁赠
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Global Forex Awards 2021 — B2B 颁赠
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Global Forex Awards颁赠
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Global Forex Awards颁赠
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CFI.co于2020年颁赠
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CFI.co于2020年颁赠
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荣获Global Business Awards 2020
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World Finance Magazine 颁赠
World Finance Forex Awards 2020 -
World Finance Magazine 颁赠
World Finance Forex Awards 2020 -
FOLLOWME交易社区授予
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Global Forex Awards颁赠
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Global Forex Awards颁赠
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FinTech Age Awards颁发
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World Finance Magazine 颁赠
World Finance Forex Awards 2019 -
World Finance Magazine 颁赠
World Finance Forex Awards 2019 -
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荣获 Shares Magazine 的 UK Forex Awards 2017 颁赠
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2016年最佳黄金经纪商
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2015年最佳本地客户服务
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Global Brands Magazine 颁赠
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Online Money Awards 2022 颁发
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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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2020年 Cyprus HR Awards 颁赠
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金融行业的佼佼者
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2014年首届亚军
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COLWMA 2024年颁赠
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荣获World Finance Forex Awards 2023最佳外汇客户服务奖
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荣获World Finance Forex Awards 2023澳大拉西亚最佳外汇经纪商奖
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荣获World Finance Forex Awards 2023拉丁美洲最佳外汇经纪商奖
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荣获World Finance Forex Awards 2023中东最佳外汇经纪商奖
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CFI.co于2023年颁赠
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荣获2023年City of London Wealth Management Awards
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荣获2022年埃及金融博览会颁赠
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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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荣获Global Forex Awards 2022 — 零售外汇 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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荣获2021年City of London Wealth Management Awards
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FX168于2020年12月颁赠
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荣获Global Business Awards 2020
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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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Shares Magazine 授予 UK Forex Awards 2018
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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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2017年伦敦财富管理奖
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2016最佳本土 客户服务
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中东和北非地区（MENA）增长最快的经纪商
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2015年最佳外汇科技提供商
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2014年最佳外汇科技提供商
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2014年最佳外汇科技提供商
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荣获 The Trading Show 2024年非洲 Africa Fintech 峰会颁赠
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荣获2024年中东地区 Brokersview 颁赠
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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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交易社区平台FOLLOWME于2022年颁赠
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2022年迪拜Forex Expo获颁赠
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2022年迪拜Forex Expo获颁赠
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荣获Global Forex Awards 2022 — 零售外汇 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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World Finance Forex Awards 2022 颁发
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World Finance Forex Awards 2022 颁发
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交易社区平台FOLLOWME于2021年颁赠
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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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CFI.co于2021年颁赠
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荣获Global Forex Awards 2021 — 零售外汇 颁赠
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荣获Global Forex Awards 2021 — 零售外汇 颁赠
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World Finance 2021颁发
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World Finance 2021颁发
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FOLLOWME于2021年颁赠
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Global Forex Awards 2021 — B2B 颁赠
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Global Forex Awards颁赠
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Global Forex Awards颁赠
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CFI.co于2020年颁赠
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CFI.co于2020年颁赠
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荣获Global Business Awards 2020
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World Finance Magazine 颁赠
World Finance Forex Awards 2020 -
World Finance Magazine 颁赠
World Finance Forex Awards 2020 -
FOLLOWME交易社区授予
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Global Forex Awards颁赠
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Global Forex Awards颁赠
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FinTech Age Awards颁发
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World Finance Magazine 颁赠
World Finance Forex Awards 2019 -
World Finance Magazine 颁赠
World Finance Forex Awards 2019 -
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荣获 Shares Magazine 的 UK Forex Awards 2017 颁赠
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2016年最佳黄金经纪商
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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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Global Brands Magazine 颁赠
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Online Money Awards 2022 颁发
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荣获2022年埃及金融博览会颁赠
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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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2020年 Cyprus HR Awards 颁赠
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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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2014年首届亚军
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Finance Magnates 颁发
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Finance Magnates 颁发
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COLWMA 2024年颁赠
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荣获World Finance Forex Awards 2023欧洲最佳外汇经纪商奖
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荣获World Finance Forex Awards 2023澳大拉西亚最佳外汇经纪商奖
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荣获World Finance Forex Awards 2023拉丁美洲最佳外汇经纪商奖
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荣获World Finance Forex Awards 2023中东最佳外汇经纪商奖
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CFI.co于2023年颁赠
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荣获2023年City of London Wealth Management Awards
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荣获2022年埃及金融博览会颁赠
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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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荣获Global Forex Awards 2022 — 零售外汇 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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荣获2021年City of London Wealth Management Awards
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FX168于2020年12月颁赠
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荣获Global Business Awards 2020
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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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Shares Magazine 授予 UK Forex Awards 2018
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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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2017年伦敦财富管理奖
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2016最佳本土 客户服务
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中东和北非地区（MENA）增长最快的经纪商
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2015年最佳外汇科技提供商
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2014年最佳外汇科技提供商
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2014年最佳外汇科技提供商
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荣获 The Trading Show 2024年非洲 Africa Fintech 峰会颁赠
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荣获2024年中东地区 Brokersview 颁赠
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荣获2024年迪拜外汇博览会颁赠
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荣获2024年迪拜 Forex Traders Summit 颁赠
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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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2022年迪拜Forex Expo获颁赠
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2022年迪拜Forex Expo获颁赠
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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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World Finance Forex Awards 2022 颁发
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World Finance Forex Awards 2022 颁发
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交易社区平台FOLLOWME于2021年颁赠
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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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CFI.co于2021年颁赠
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荣获Global Forex Awards 2021 — 零售外汇 颁赠
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荣获Global Forex Awards 2021 — 零售外汇 颁赠
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World Finance 2021颁发
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FOLLOWME于2021年颁赠
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Global Forex Awards 2021 — B2B 颁赠
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Global Forex Awards颁赠
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Global Forex Awards颁赠
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CFI.co于2020年颁赠
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CFI.co于2020年颁赠
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荣获Global Business Awards 2020
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World Finance Magazine 颁赠
World Finance Forex Awards 2020 -
World Finance Magazine 颁赠
World Finance Forex Awards 2020 -
FOLLOWME交易社区授予
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Global Forex Awards颁赠
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Global Forex Awards颁赠
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FinTech Age Awards颁发
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World Finance Magazine 颁赠
World Finance Forex Awards 2019 -
World Finance Magazine 颁赠
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2016年最佳黄金经纪商
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2020年 Cyprus HR Awards 颁赠
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The U.S. dollar index is under short-term pressure and has been boosted by expectations of a rate cut by the Federal Reserve.
Wonderful introduction:
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Hello everyone, today XM Forex will bring you "[XM Foreign Exchange Decision Analysis]: The Federal Reserve's interest rate cut expectations are boosted, and the U.S. dollar index is under short-term pressure to decline." Hope this helps you! The original content is as follows:
In the Asian session on Thursday, the U.S. dollar index fluctuated around 99.50. Global foreign exchange markets showed divergent trends on Wednesday. The Japanese yen fell back after experiencing a brief boost from the Bank of Japan's interest rate hike expectations, while the pound strengthened significantly after the announcement of the British budget. The U.S. dollar was under pressure as the market maintained expectations of the Federal Reserve's interest rate cut in December. The U.S. dollar index continues to weaken, and the market's expected probability of the Federal Reserve cutting interest rates in December remains at 85%. Investors are betting that White House economic adviser Hassett, who is likely to take over as Fed chairman, will adopt more dovish policies, adding to the dollar's weakening outlook. U.S. Treasury Secretary Bessent previously said that Trump is likely to announce the new chairman before Christmas.
Analysis of major currency trends
US dollar: As of press time, the U.S. dollar index is hovering around 99.50. The U.S. dollar index, as a key index that measures the strength of the U.S. dollar against a basket of six core currencies, was affected by multiple factors on Wednesday, showing a trend of downward pressure and encountering multiple resistances. At the same time, the sudden congestion of short positions in the market hid the risk of a rapid rebound. Technically, the U.S. dollar index has continued to operate in a downward channel recently, maintaining a weak overall arrangement. The price has fallen below the short-term moving average xm-forex.combination and has been suppressed by the 9- and 20-day moving averages many times, indicating obvious selling pressure from above. The RSI on the 14th is below neutral, pointing to weakening momentum. At the same time, DXY is approaching the 98.90-99.20 support band near the previous low area. Once it falls below this range, the index may further drop to around 98.50; if it rebounds in the short term, the top 100.30-100.60 will constitute the primary resistance. On the whole, the technical side resonates with the fundamental side, and the short-term trend is still biased towards the downward structure.
1. The Federal Reserve’s Beige Book shows little change in economic activity and overall consumer spending has declined further
The Federal Reserve’s Beige Book shows that U.S. economic activity has changed little in recent weeks, but overall consumer spending has further declined, with the exception of high-end consumers. A survey report released on Wednesday showed a slight decline in employment and a moderate increase in prices. “Overall, the outlook is basically unchanged.changes," the report reads. "Some sources point to rising risks of a slowdown in economic activity in the xm-forex.coming months, while manufacturers are showing some optimism. The report is based on information collected by the Fed's 12 regional banks through Nov. 7 and xm-forex.compiled by the Dallas Federal Reserve. The unofficial report on business and consumer conditions has attracted more attention as the longest government shutdown in U.S. history disrupted the collection and release of key economic data. Fed officials won't be able to get information until after their December rate meeting in October. and most labor market and inflation data for November. The absence of official data at the national level has heightened disagreements among Fed officials over whether to cut interest rates next month. Market bets on the December meeting have fluctuated between a rate cut and no rate, but traders now believe that a rate cut in December will be supported after two officials who usually share the preferences of Chairman Jerome Powell. Probably about 80%.
2. The details of the British budget were leaked in advance due to a technical error: the freeze on the personal income tax threshold and the two-child benefit limit were cancelled.
The British Office for Budget Responsibility (OBR) leaked the details of the budget in advance on Wednesday and attributed the error to a technical error. The disclosed information showed that people paid income tax. The threshold freeze was extended for a further three years in the budget, until April 2031. This means more people will pay higher income tax rates as wages rise. In addition, from April 2026, the cap on the second-child benefit will be lifted in the UK from April 2028. A new mileage tax is imposed on cars. The government also plans to impose a new tax on homes worth more than 2 million pounds.
3. The UK is considering expanding the short-term treasury bill market to meet potential new needs such as stable currency issuers.
The UK is considering expanding its treasury bill issuance plan, a move that may help develop the pound currency market and meet the needs of stability. The British Debt Management Office (DMO) will launch consultations on "expanding and deepening" the ultra-short-term debt market in January. Other governments, including the United States, have relied more on treasury bills to meet financing needs.
4. The content of the British Chancellor's budget for a larger fiscal buffer was leaked in advance h3>
The UK's official budget watchdog mistakenly published an analysis before Chancellor of the Exchequer Rachel Reeves' speech that she would expand the key fiscal buffer to 22 billion pounds ($29 billion) from 9.9 billion pounds in March. The buffer amount is the highest in the UK's fiscal plan since March 2022, far exceeding the 150 given by banks surveyed by Bloomberg. The key data xm-forex.comes amid an unprecedented early release of budget analysis by the Office for Budget Responsibility. The expansion of fiscal buffers is achieved through tax increases, including new taxes on industry and high-end real estate. The early exposure of a document that was not scheduled to be released until Reeves finished his speech in the House of xm-forex.commons sent the market between gains and losses.There was heavy volatility as traders struggled to digest the conflicting signals sent by the report. The Office for Budget Responsibility confirmed the authenticity of the report, saying a link to its forecasts was published "prematurely" on its official website. The agency apologized for the mistake and said it had launched an investigation.
5. Lukashenko: Willing to restart Russia-Ukraine peace talks in Minsk
According to a report by the Belarusian National News Agency on the 26th, Belarusian President Lukashenko said on the same day that he is willing to restart Russia-Ukraine peace talks in the capital Minsk. Lukashenko made the above statement when he met with Russian President Vladimir Putin on the same day during a meeting of the Collective Security Council of the Collective Security Treaty Organization (CSTO) in Bishkek, Kyrgyzstan. Lukashenko said that Belarus maintains dialogue with the United States and other Western countries, and as an ally of Russia, it is reasonable for Belarus to participate in coordination operations on the Ukraine crisis. Putin emphasized Lukashenko's contribution to resolving the Ukrainian crisis. He said that the first contact between Russia and Ukraine to peacefully resolve the crisis was carried out in Belarus with the direct participation and support of Lukashenko and achieved results. Russia is willing to inform Belarus of relevant progress. In addition, the two sides also exchanged views on issues such as ensuring the national security of the Russian-Belarusian alliance.
Institutional views
1. The rebound of the yen may bring about a turnaround for the Korean won. The linkage between the two major currencies has reached the highest level in the past two decades
The continued appreciation of the yen may bring about a turnaround for the Korean won - the Korean won this quarter The worst-performing currency among Asian emerging market currencies, and now as the sensitivity of the two currencies to changes in U.S. interest rates and global risk sentiment has increased, the Korean won-Japanese yen linkage has soared to its highest level since 2007, ranking first among Asian currency pairs. "The Korean won has shown a higher sensitivity to volatility against the Japanese yen," Citigroup strategist Rohit Garg said. The market is currently looking for the yen to continue its rebound after hitting a ten-month low last week, which may lead to a stronger Korean won. Woori Bank pointed out that the trend of the yen is tied to a rare scenario: the monetary policies of the United States and Japan tend to converge. Min Jingyuan, an economist at the bank, analyzed: "The expectation of an interest rate hike by the Bank of Japan supports the downward forecast of the exchange rate of the US dollar against the yen. If the Fed cuts interest rates, it will strengthen the upward pressure on the yen. Once the yen strengthens, the Korean won is likely to follow suit."
2. Institutions: The Reserve Bank of Australia may need to consider starting to raise interest rates in the first half of 2026
The Australian economy is achieving a soft landing, GDP remains stable, and the job market is becoming saturated. Although the current situation is good, interest rates may be raised earlier than widely expected. National Australia Bank chief economist Sally Alder pointed out that there are multiple signs that the economy is approaching the limit of production capacity, which means that the RBA's interest rate cutting cycle has ended. She added that based on the economic situation of a soft landing, the Reserve Bank of Australia may need to consider starting the process of raising interest rates as early as the first half of 2026.
3. JPMorgan expects the Fed to cut interest rates in December, overturning its forecast a week ago
JP Morgan economists have changed their forecasts and believe that the Fed will start in DecemberThe rate cut reversed the bank's judgment a week ago that policymakers would postpone the rate cut until January next year. A research team headed by Michael Feroli, the bank's chief U.S. economist, said on Wednesday that statements by a number of heavyweight Federal Reserve officials, particularly New York Fed President Williams, in support of a recent interest rate cut prompted them to reassess the situation. After last week's delayed September jobs report, JPMorgan originally forecast interest rates would remain unchanged in December. JPMorgan Chase currently expects the Fed to cut interest rates twice by 25 basis points in December and January next year. "We have re-targeted the final interest rate cut in January next year," Feroli wrote in a report to clients. "Although the outcome of the next FOMC meeting is still uncertain, we believe that the latest round of Fed officials' statements have tilted the balance towards a December interest rate cut."
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