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Hello everyone, today XM Foreign Exchange will bring you "[XM Foreign Exchange]: Trump suspends the "decapitation" action against Iran! Countdown to the medical tariff storm". Hope it will be helpful to you! The original content is as follows:
On June 18, early trading in Asia on Wednesday, Beijing time, the US dollar index hovered around 98.78. U.S. retail sales were weaker than expected in May on Tuesday, but consumer spending was still supported by solid wage growth. The US dollar index weakened after the data was released, but as the market digested the mixed situation reflected by the data, the US dollar quickly reversed its decline and finally closed up 0.69% to 98.84. The benchmark 10-year U.S. Treasury yield closed at 4.3940%, while the 2-year U.S. Treasury yield closed at 3.9600%. Although tensions in Iran and Israel boosted safe-haven demand, the dollar strengthened limited gains, with spot gold finally closing up 0.14% to close at $3,389.49/ounce; spot silver prices soared to a 13-year high and finally closed up 2.32% to $37.13/ounce. Geopolitical tensions have left the market nervous as Trump urges everyone to evacuate from Tehran. WTI crude oil finally closed up 5.38% at $73.75 per barrel; Brent crude oil closed up 6.31% at $77.01 per barrel.
Dollar Index: As of press time, the US dollar index hovers around 98.78. Worries about the escalating war between Israel and Iran boosted demand for safe-haven assets, but the dollar failed to get any significant support from this background. The U.S. dollar index is working to expand gains, breaking through the 98.00 level and remains dangerously close to the multi-year low of 97.50 hit last week. Technically, if the US dollar index successfully closes above 50MA at 98.59, it will move towards the next resistance level in the 99.00–99.20 range
Which gold trading was around 3385.93. As the overall strength of the US dollar pushed gold down, gold prices fell below $3400 on Tuesday despite the worsening risk appetite. Nevertheless, the escalation of the Israel-Iran conflict may support precious metals because it has a risk-averse attraction.
On Wednesday, crude oil trading around 74.92. As tensions in the Middle East escalate and the United States (US) The possibility of being involved in conflict increases, and WTI prices continue to rise. U.S. President Donald Trump posted on his social media platform calling for Iran to "unconditional surrender." Amid escalating tensions between Israel and Iran, fears that the U.S. will be involved in the conflict, pushing up WTI prices. In addition, a senior edoyoko.commander said on Saturday that Iran, a major oil producer, is considering closing the Strait of Hormuz. This, in turn, could push up crude oil prices in the short term.
Forex market trading reminder on June 18, 2025
①To be determined 2025 Lujiazui Forum was held in Shanghai
②14:00 UK May CPI monthly rate
③14:00 UK May retail price index monthly rate
④16:00 Eurozone April seasonally adjusted current account
⑤17:00 Eurozone 5 The final value of monthly CPI annual rate
⑥17:00 The final value of the euro zone May CPI monthly rate
⑦20:30 The number of people who requested unemployment benefits in the week from the United States to June 14
⑧20:30 The total number of new houses started in May in the United States
⑨20:30 The total number of construction permits in the United States in May
⑩22:30 The original EIA in the week from the United States to June 13 Oil inventories
22:30 EIA Cushing crude oil inventories in the week from the United States to June 13
22:30 EIA strategic oil reserve inventories in the week from the United States to June 13
23:15 Bank of Canada Governor McClum delivered a speech
00:00 the next day to the week from the United States to June 13
02 the next day :00 Fed FOMC announced the summary of interest rate resolution and economic expectations
The next day, Fed Chairman Powell held a monetary policy press conference
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