Trusted by over 15 Million Traders
The Most Awarded Broker
for a Reason
CATEGORIES
News
- 【XM Group】--USD/CHF Forecast: Near Breakout Zone
- 【XM Forex】--GBP/USD Forex Signal: Could Rebound as Double-Bottom Forms
- 【XM Market Analysis】--NASDAQ 100 Forecast: Index Runs into Ceiling on Thursday
- 【XM Market Analysis】--NZD/USD Analysis: Lack of Clarity and Nervous Conditions P
- 【XM Forex】--AUD/USD Forecast: Eyes 0.62 Support
market analysis
The dollar hovers around 98, and the interview for next Fed chairman will kick off
Wonderful introduction:
Spring flowers will bloom! If you have ever experienced winter, then you will have spring! If you have dreams, then spring will definitely not be far away; if you are giving, then one day you will have flowers blooming in the garden.
Hello everyone, today XM Foreign Exchange will bring you "[XM Official Website]: The US dollar is hovering around 98, and the interview for the next Federal Reserve Chairman will kick off." Hope it will be helpful to you! The original content is as follows:
On August 20, in the early trading of Asia on Wednesday, Beijing time, the US dollar index hovered around 98.29. On Tuesday, the US dollar index fluctuated back and forth around the 98 mark during the day, and finally closed up 0.12% to 98.24; the benchmark 10-year U.S. Treasury yield closed at 4.309%, and the 2-year U.S. Treasury yield closed at 3.759%. Spot gold rose first and then fell, and once rose to the intraday high of 3345.25 during the session, and then continued to fall, and accelerated its decline before the US session, erasing all intraday gains and turning to a decline, and finally closed down 0.51% and closed at $3315.60/ounce; spot silver closed down 1.68% to $37.37/ounce. Crude oil has pulled back as traders began betting that the conflict between Russia and Ukraine may end and sanctions on Russian crude oil may ease, thereby increasing global supply. WTI crude oil continued to fall during the day, finally closing down 0.98% at $61.92 per barrel; Brent crude oil finally closed down 0.74% at $65.46 per barrel.
Analysis of major currencies
Dollar Index: As of press time, the US dollar index hovered at $98.29. The overall US dollar showed a differentiated trend on Tuesday, mainly dragged down by the cautious sentiment before the annual meeting of Jackson Hall Global Central Bank this week. At the meeting, a speech by Fed Chairman Jerome Powell will provide guidance on short-term interest rate expectations. Traders are re-aligning their positions as there were no important economic data released before Powell’s speech on Friday, coupled with previous differentiation of inflation signals and weak employment data in July pushing up market bets on a September rate cut. Technically, if the U.S. dollar index closes above 98.20, it will move to the next resistance level 99.20–99.40.
Analysis of gold and crude oil market trends
1) Analysis of gold market trends
In the Asian session on Wednesday, gold hovered around 3316.46. Investors are holding their breath for the annual Fed seminar in Jackson Hole, Wyoming later this week, especially Chairman Powell’s speech on Friday, which is seen as a key node that could determine the future trend of gold, and markets are concerned that Powell may downplay the prospect of a rate cut that provides rebound momentum for the dollar and suppresses gold prices. In addition, the market is also paying attention to the minutes of the Federal Reserve meeting released later on Wednesday's trading day (2:00 a.m. Beijing time on Thursday).
2) Analysis of crude oil market trends
On Wednesday, crude oil trading around 62.00. After talks between U.S. President Donald Trump and Ukrainian President Vladimir Zelensky, WTI fell slightly due to Ukraine's peace prospects. Oil traders expect meetings on potential agreements that legalize or end Russian invasion of Ukraine could ease sanctions on Russian crude oil. This in turn could increase global supply and suppress WTI prices. Trump said meetings between Russian President Vladimir Putin and Zelensky are being arranged, which could lead to a trilateral summit attended by three leaders.
Forex market trading reminder on August 20, 2025
15:10 European Central Bank Governor Lagarde attended the meeting
17:00 Eurozone July CPI annual rate final value
17:00 Eurozone July CPI monthly rate final value
22:30 EIA crude oil inventories in the week from the United States to August 15
22:30 EIA crude oil inventories in the week from the United States to August 15
22:30 EIA Cushing crude oil inventories in the week from the United States to August 15
22:30 EIA strategic oil reserve inventory inventories in the week from the United States to August 15
22:30 EIA strategic oil reserve inventory inventories in the week from the United States to August 15
22:30 EIA strategic oil reserve inventory inventories in the week from the United States to August 15
22:30 EIA strategic oil reserve inventory inventories in the week from the United States to August 15
>
23:00 Fed Director Waller delivered a speech at the blockchain seminar
The next day, the Federal Reserve announced the minutes of the monetary policy meeting
The next day, the New York crude oil September futures xmniubi.completed the last on-site transaction
The next day, the Federal Reserve Bostic delivered a speech on the economic outlook
The above content is all about "[XM official website]: The US dollar is hovering around 98, and the interview for the next Federal Reserve Chairman will kick off" is carefully xmniubi.compiled and edited by the editor of XM Forex. I hope it will be helpful to your transaction! Thanks for the support!
Every successful person has a beginning. Only by having the courage to start can you find the way to success. Read the next article now!
Disclaimers: XM Group only provides execution services and access permissions for online trading platforms, and allows individuals to view and/or use the website or the content provided on the website, but has no intention of making any changes or extensions, nor will it change or extend its services and access permissions. All access and usage permissions will be subject to the following terms and conditions: (i) Terms and conditions; (ii) Risk warning; And (iii) a complete disclaimer. Please note that all information provided on the website is for general informational purposes only. In addition, the content of all XM online trading platforms does not constitute, and cannot be used for any unauthorized financial market trading invitations and/or invitations. Financial market transactions pose significant risks to your investment capital.
All materials published on online trading platforms are only intended for educational/informational purposes and do not include or should be considered for financial, investment tax, or trading related consulting and advice, or transaction price records, or any financial product or non invitation related trading offers or invitations.
All content provided by XM and third-party suppliers on this website, including opinions, news, research, analysis, prices, other information, and third-party website links, remains unchanged and is provided as general market commentary rather than investment advice. All materials published on online trading platforms are only for educational/informational purposes and do not include or should be considered as applicable to financial, investment tax, or trading related advice and recommendations, or transaction price records, or any financial product or non invitation related financial offers or invitations. Please ensure that you have read and fully understood the information on XM's non independent investment research tips and risk warnings. For more details, please click here