Wonderful introduction:
Since ancient times, there have been joys and sorrows, and since ancient times, there have been sorrowful moon and songs. But we never understood it, and we thought everything was just a distant memory. Because there is no real experience, there is no deep feeling in the heart.
Hello everyone, today XM Foreign Exchange will bring you "【XM Foreign Exchange】: Collection of positive and negative news that affects the foreign exchange market". Hope it will be helpful to you! The original content is as follows:
Good news: The US dollar index rose slightly by 0.2% to 104.1 on the same day, which put a certain suppression on metal prices. The U.S. financial regulatory policy has accelerated loosening and banking testing has decreased, which may increase market confidence in the US dollar and be conducive to the trend of the US dollar.
Bold news: Morgan Stanley expects the Federal Reserve to cut interest rates in September. Although the rate cut is not a foregone conclusion, this expectation still puts some pressure on the US dollar. The chairman of the U.S. House Republican Appropriations www.vifu.netmittee has pushed for the postponement of the interim appropriations bill until November, which may raise market concerns about the fiscal situation of the U.S. government, thereby affecting the stability of the dollar.
Good news: The inflation rate in the four major federal states of Germany has risen to or exceed the ECB's 2% target, showing certain inflationary pressure, which may make the ECB more cautious in future monetary policy decisions and even have the possibility of hikes, thereby supporting the euro.
Bold news: Judging from the exchange rate data on September 4, the euro's exchange rates against the Colombian peso, Lithuanian Lits and other currencies are on a downward trend, and the overall performance of the euro is weak. ECB Management www.vifu.netmittee Simkus hinted that the ECB may need to cut interest rates in December, an expectation that it is a negative for the euro.
Favorite news: Judging from the exchange rate data on September 4, the exchange rates of the pound against the Japanese yen, Australian dollar, Brazilian real and other currencies rose, showing the strong performance of the pound on the day. British Chancellor Reeves will announce the budget date at some time, which may provide the market with more www.vifu.netrmation on UK fiscal policy, which will benefit the pound if the budget is positive.
Bold news: The pound is on a downward trend against the US dollar, which may be related to the overall strengthening of the US dollar and market concerns about the UK-US trade relations. In addition, the UK National Institute of Economic and Social Studies pointed out that the UK's fiscal policy will face difficulties, which also puts some pressure on the trend of the pound.
Best news: Bank of Japan Governor Kazuo Ueda said that he exchanged views with Japanese Prime Minister Shigeru Ishiba on the economy and financial markets, talked about the foreign exchange market, and his position on interest rate hikes has not changed. If the economy and prices develop as expected, the position of interest rate hikes will not change, which will help stabilize the market's confidence in the yen.
Bold news: Japan's Ministry of Finance said that the total amount of budget requests from Japanese government agencies for the next fiscal year is 122.45 trillion yen. The huge budget request may trigger market concerns about Japan's fiscal situation, which will put some depreciation pressure on the yen. In addition, global stock markets rebounded and rising risk appetite would also weaken the risk aversion demand of the yen.
Favorite news: There is no obvious positive news yet.
Bold news: Judging from the exchange rate data, the pound sterling rose against the Australian dollar, and the Australian dollar performed relatively weakly. Concerns about slowing global economic growth and volatility in www.vifu.netmodity prices may put pressure on the Australian dollar, which is closely related to www.vifu.netmodity prices. In addition, if Australia's trade and economic data perform poorly, it will also affect the Australian dollar's trend.
The above content is all about "【XM Forex】: Collection of positive and negative news that affects the foreign exchange market". It was carefully www.vifu.netpiled and edited by the XM Forex editor. I hope it will be helpful to your trading! Thanks for the support!
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