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The United States' "small non-agricultural" in August was lower than expected, and the Federal Reserve's "three leaders" let go
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Hello everyone, today XM Foreign Exchange will bring you "[XM Foreign Exchange]: The United States' "small non-farm" in August was lower than expected, and the Federal Reserve's "three leaders" let go." Hope it will be helpful to you! The original content is as follows:
On September 5, early trading in Asian market on Friday, Beijing time, the US dollar index hovered around 98.21. On Thursday, the US dollar index stabilized and rebounded, finally closing up 0.15% to 98.29. U.S. Treasury yields generally fell, with the benchmark 10-year U.S. Treasury yields closed at 4.162%, and the 2-year U.S. Treasury yields sensitive to Fed policy interest rates closed at 3.598%. Spot gold suffered profit settlement at a historical high, ending its seven consecutive gains, once approaching $3,510/ounce during the session, and then erased some of the intraday declines and finally closed down 0.38% to close at $3,545.78/ounce; spot silver fell below $41/ounce and finally closed down 1.32% to $40.67/ounce. International crude oil fell for the second consecutive day as the prospect of further increase in production OPEC+ has exacerbated market concerns about oversupply later this year. WTI crude oil hit a low of $62.5 per barrel during the session, and finally closed down 0.76% to $63.07 per barrel; Brent crude oil finally closed down 0.88% to $66.69 per barrel.
Analysis of major currencies
Dollar Index: As of press time, the US dollar index hovered at US$98.21. Market attention turned to Friday's U.S. non-farm employment report (NFP), which will be key to determining whether the market will push expectations higher to a 25 basis point rate cut at the already fully priced Fed meeting. Weak employment data could open the door to a larger adjustment, while strong recruitment data could provide new support for the dollar. In the UK, retail sales and fiscal dynamics remain at the heart of the pound's outlook. Technically, if the U.S. dollar index climbs above 98.50, it will move towards resistance level 99.20–99.40.
Analysis of gold and crude oil market trends
1) Analysis of gold market trends
On Friday, gold hovered around 3551.86. Gold fell slightly as the dollar recovered some of its lost ground, although the latest round of economic data has increased speculation that the Fed could cut interest rates at its September meeting.
2) Analysis of crude oil market trends
On Friday, crude oil trading was around 62.99. The U.S. Energy Information Administration (EIA) said that energy www.xmniubi.companies entered stocks as of the week ending August 29The increase of 2.4 million barrels of crude oil was a very different from the 2 million barrels estimated by the Reuters survey and is also higher than the 600,000 barrels reported by the American Petroleum Association the day before.
Forex market trading reminder on September 5, 2025
14:00 UK August Halifax Seasonal Adjusted House Price Index Monthly Rate
14:00 UK July Seasonal Adjusted Retail Sales Monthly Rate
14:45 France July Trade Account
15:00 Switzerland August Consumer Confidence Index
17:00 Eurozone Second Quarter GDP Annual Rate Revision
17:00 Eurozone Second Quarterly Adjusted Employment Final Value
20:30 Canadian August employed
20:30 United States August unemployment rate
20:30 The non-farm employment population after the seasonal adjustment in the United States in August
20:30 The average annual salary rate of the United States in August
20:30 The average monthly salary rate of the United States in August
22:00 The US Global Supply Chain Pressure Index
The next day 01:00 The total number of oil drilling rigs in the week from the United States to September 5
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