Market risk appetite improved, US dollar fell on Wednesday Gold prices are hindered from rising, the market is waiting for the US CPI index
On Wednesday (July 10th), as Powell did not weaken the market's expectation of interest rate cuts, the US dollar index fell to around the 105 level and ultimately closed down slightly by 0.118% at 105
Safe haven demand rebounded, and the US dollar rose on Monday Profit taking triggers a significant rebound in gold prices
On Monday (July 8th), the US dollar index opened slightly higher and then bottomed out and rebounded, hitting the 105 level again, ultimately closing up 0.128% at 105.02.
The US job market is easing, and the US dollar fell last Friday Gold surged significantly, approaching the $2,400 integer barrier resistance
Last Friday (July 5th), the US non farm payroll report further highlighted the cooling of the labor market, enhancing the expectation of the Federal Reserve cutting interest rates in the coming months
US holidays limit market volatility Pay attention to the performance of non farm payroll data in the United States for June tonight
​On Thursday (July 4th), the US dollar index continued to fall towards the 105 level, ultimately closing 0.179% lower at 105.06, a new low since mid June.
x

WARNING and please be advised:

It has come to our attention that a number of unauthorised firms /individuals have cloned our website content, logo and social media pages of CWG Markets Limited. Please be advised that these unauthorised firms have also been contacting consumers via various messaging apps such as WhatsApp, Facebook, Wechat.It should be noted that there is no connection whatsoever between the CWG Markets Limited, an authorised firm, and the unauthorised entities/ individuals that have cloned our details. If you’ve been scammed or contacted by an unauthorised firm / individuals – or a firm you suspect is not legitimate – you can report to us [email protected]

CFDs (Contract For Difference) are complex instruments and come with a high risk of losing money rapidly due to leverage. Please ensure you fully understand the risks and take appropriate care to manage your own risk. Please read our Risk Disclosure carefully.