Justin Zhou| Analyst | CPT Markets|Thursday, 11th June 2020 Market Review The US dollar index continued its downward trend on June 10, and once fell to 95.71, the lowest since March 10; Fed policy makers expect interest rate policy to remain unchanged until 2022; the US dollar fell to three…

This article is daily technical analysis from Ray Shen. USD Index Investors feel a little uneasy about the Fed’s next move. The Fed will start a two-day interest rate meeting later today. It is expected that it will maintain its monetary policy unchanged, but news about the US economic outlook and policy…

Justin Zhou| Analyst | CPT Markets|Wednesday, 10th June 2020 On June 6, OPEC+ agreed to extend the first-phase production reduction agreement by one month to the end of July. Saudi Arabia, the UAE, Kuwait, and Oman recently cut production by 1.2 million barrels, but this production cut plan will not…

Marius Paun | London, UK | Senior dealer | Tuesday, 9th June 2020 One by one the economies around the world have reopened from Coronavirus lockdown or, by and large, are in the process of doing so. Investors sentiment has improved dramatically since stock markets’ lows of mid-March and although…

This article is daily technical analysis from Ray Shen. USD Index Although the momentum of positive global stock market performance may end, the rising risk sentiment has weighed on the US dollar. The US non-farm payrolls data was unexpectedly positive in May, or the dollar’s ​​midline rebound was unexpected; the US non-farm…

Justin Zhou| Analyst | CPT Markets|Tuesday, 9th June 2020 Market Review The US dollar index fell on June 8 and the US dollar fell more than 1% against the yen, the largest decline since March 27. The 10-year U.S. Treasury yields and oil prices fell, helping to push down the…

Justin Zhou| Analyst | CPT Markets|Monday, 8th June 2020 Market Review Spot gold: Spot gold weakened sharply last week, the lowest once fell to 1670.98 US dollars per ounce, closing at 1685.06 US dollars per ounce, the weekly decline was 2.61%, the largest weekly decline since mid-March, also a three-week…

Marius Paun | London, UK | Senior dealer | Friday 05th June 2020 The US Labour Department release the non-farm payrolls data on Friday, showing employers added 2.5 million jobs last month with unemployment rate sliding to 13.3%. The market expected a drop of more than 8 million jobs and…

This article is daily technical analysis from Ray Shen. USD Index Last week, the US dollar index weakened significantly, hitting a minimum of 96.44, the lowest since March 13, which was mainly due to the gradual resumption of production and production in the world, which boosted the expectations of economic recovery. Global…