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Hello everyone, today XM Forex will bring you "[XM Forex Official Website]: US consumer confidence fell to a three-year low, is the US government shutdown expected to end?". Hope this helps you! The original content is as follows:
On November 10, in early Asian trading on Monday, Beijing time, the U.S. dollar index was hovering around 99.64. Last Friday, due to the unclear outlook of the Federal Reserve and the U.S. government shutdown, the U.S. dollar index first rose and then fell. It once fell to an intraday low of 99.38, and finally closed down 0.13% at 99.53, ending two consecutive weekly gains; the benchmark 10-year U.S. bond yield finally closed at 4.104%, and the 2-year U.S. bond yield, which is sensitive to the Federal Reserve's policy interest rate, closed at 3.568%. Due to the weakening of the U.S. dollar, spot gold rebounded. It once rose to an intraday high of $4,027.33, and then fell back, but still stood above the $4,000 mark. It finally closed up 0.61% at $4,001.39 per ounce; spot silver finally closed up 0.68% at $48.34 per ounce. Crude oil rebounded slightly. WTI crude oil once returned to above the US$60 mark during the European trading session, but then erased part of the gains and failed to stand firmly above this mark. It finally closed up 0.49% at US$59.69/barrel; Brent crude oil finally closed up 0.37% at US$63.45/barrel.
U.S. dollar index: As of press time, the U.S. dollar is hovering around 99.64. Investors are primarily focused on the progress (or lack thereof) of the U.S. federal government shutdown, which has lasted 38 days, making it the longest in history. Technically, if the U.S. Dollar Index closes below the 99.50 level, it will head towards the 98.85–99.00 support level.
In Asian trading on Monday, gold hovered around 4020.06. The metal remains firm above $4,000 as traders grapple with Fed uncertainty, labor market weakness, and the ongoing U.S. government shutdown, now in its 38th day and counting.
On Monday’s Asian session, crude oil was trading around 59.79. Oil prices rebounded on Friday and ended slightly higher. Market attention focused on a meeting at the White House between U.S. President Trump and Hungarian Prime Minister Viktor Orban, raising expectations among investors that this could find a way for Hungary to continue using Russian crude oil, thereby alleviating supply concerns caused by related sanctions. Separately, fy.xmxmxm.cnmodities trader Gunvor has withdrawn its proposal to acquire Russia's Lukoil overseas assets. Previously, the U.S. Treasury Department made it clear that it opposed the transaction, which also added to the marketuncertainty.
① To be determined, domestic refined oil products will open a new round of price adjustment window
②17:30 Eurozone November Sentix Investor Confidence Index
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