The market's expectation of the Federal Reserve continuing to cut interest rates has fallen The US dollar rose significantly last Friday, while gold spot prices fell under pressure
Last Friday, the residual power of the "Trump deal" still existed, and the US dollar index returned to its upward trend, hitting the 105 level again during trading and ultimately closing up 0.587% at
The Federal Reserve cut interest rates by 25 basis points, causing a significant drop in the US doll
On Thursday, due to Powell's failure to provide any strong clues indicating a possible pause in interest rate cuts in the future
The results of the US election are about to be announced The US dollar is under pressure to fall, while gold may rise again
On Tuesday, as traders awaited the results of the US election, the US dollar index continued to decline, falling below the 104 level and ultimately closing down 0.467% at 103.41.
The demand for safe haven has rebounded, and the US dollar fell significantly on Monday Gold price volatility awaits US election, but ISM non manufacturing PMI needs to be monitored before results are released
On Monday, as the "Trump trade" receded, the US dollar index opened short and fell below the 104 mark, ultimately closing dow0.4% at 103.9.
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.