Trusted by over 15 Million Traders

The Most Awarded Broker
for a Reason

We offer a superior trading environment that puts traders in the best position to profit.

Get a 50% Bonus up to $250 *Limited-Time Offer

Easy Access to 1,400+ Global Assets

EURUSD

Euro vs U.S. Dollar

US500

S&P 500 (US500)

GOLD

Gold

COFFEE

US Coffee

Apple

Apple (AAPL.OQ)

Finance Magnates 颁发
Finance Magnates 颁发
Capital Finance International Magazine (CFI.co) 2024年颁赠
COLWMA 2024年颁赠
荣获World Finance Forex Awards 2023最佳外汇客户服务奖
荣获World Finance Forex Awards 2023欧洲最佳外汇经纪商奖
荣获World Finance Forex Awards 2023澳大拉西亚最佳外汇经纪商奖
荣获World Finance Forex Awards 2023拉丁美洲最佳外汇经纪商奖
荣获World Finance Forex Awards 2023中东最佳外汇经纪商奖
CFI.co于2023年颁赠
荣获2023年City of London Wealth Management Awards
荣获2022年埃及金融博览会颁赠
荣获2022年City of London Wealth Management Awards
CFI.co于2022年颁赠
荣获Global Forex Awards 2022 — 零售外汇颁赠
2021年迪拜外汇博览会获颁赠
Ultimate Fintech 2021年颁赠
荣获2021年City of London Wealth Management Awards
FX168于2020年12月颁赠
荣获Global Business Awards 2020
荣获2020年City of London Wealth Management Awards
Capital Finance International Magazine (CFI.co)颁赠
Capital Finance International Magazine (CFI.co)颁赠
荣获2019年City of London Wealth Management Awards
Shares Magazine 授予 UK Forex Awards 2018
Capital Finance International Magazine (CFI.co)颁赠
Capital Finance International Magazine (CFI.co)颁赠
2017年伦敦财富管理奖
2016最佳本土客户服务
中东和北非地区（MENA）增长最快的经纪商
2015年最佳外汇科技提供商
2014年最佳外汇科技提供商
2014年最佳外汇科技提供商
荣获 The Trading Show 2024年非洲 Africa Fintech 峰会颁赠
荣获2024年中东地区 Brokersview 颁赠
荣获2024年中东地区 Brokersview 颁赠
荣获2024年阿曼 Smart Vision 峰会颁赠
荣获2024年迪拜外汇博览会颁赠
荣获2024年迪拜 Forex Traders Summit 颁赠
2024年埃及 Smart Vision 峰会颁赠
投查查于2024年颁赠
Capital Finance International Magazine (CFI.co) 2024年颁赠
CFI.co于2023年颁赠
CFI.co于2023年颁赠
交易社区平台FOLLOWME于2022年颁赠
2022年迪拜Forex Expo获颁赠
2022年迪拜Forex Expo获颁赠
荣获Global Forex Awards 2022 — 零售外汇颁赠
CFI.co于2022年颁赠
CFI.co于2022年颁赠
World Finance Forex Awards 2022 颁发
World Finance Forex Awards 2022 颁发
World Finance Forex Awards 2022 颁发
World Finance Forex Awards 2022 颁发
交易社区平台FOLLOWME于2021年颁赠
2021年埃及Smart Vision Investment Expo博览会获颁赠
CFI.co于2021年颁赠
CFI.co于2021年颁赠
荣获Global Forex Awards 2021 — 零售外汇颁赠
荣获Global Forex Awards 2021 — 零售外汇颁赠
World Finance 2021颁发
World Finance 2021颁发
FOLLOWME于2021年颁赠
Global Forex Awards 2021 — B2B 颁赠
Global Forex Awards颁赠
Global Forex Awards颁赠
CFI.co于2020年颁赠
CFI.co于2020年颁赠
荣获Global Business Awards 2020
World Finance Magazine 颁赠
World Finance Forex Awards 2020
World Finance Magazine 颁赠
World Finance Forex Awards 2020
FOLLOWME交易社区授予
Global Forex Awards颁赠
Global Forex Awards颁赠
FinTech Age Awards颁发
World Finance Magazine 颁赠
World Finance Forex Awards 2019
World Finance Magazine 颁赠
World Finance Forex Awards 2019
荣获 World Finance Forex Awards 2018 颁赠
荣获2018年埃及金融博览会颁赠
荣获 Shares Magazine 的 UK Forex Awards 2017 颁赠
荣获 World Finance Forex Awards 2017
2016年最佳黄金经纪商
2016年最佳外汇经纪商
2015年最佳本地客户服务
Global Brands Magazine 颁赠
Online Money Awards 2022 颁发
荣获2022年埃及金融博览会颁赠
2015最佳外汇交易平台
2015最佳金融交易平台
2013最佳创新外汇平台奖
2020年 Cyprus HR Awards 颁赠
金融行业的佼佼者
认证最优金牌级别
2014年首届亚军
Finance Magnates 颁发
Finance Magnates 颁发
Capital Finance International Magazine (CFI.co) 2024年颁赠
COLWMA 2024年颁赠
荣获World Finance Forex Awards 2023最佳外汇客户服务奖
荣获World Finance Forex Awards 2023欧洲最佳外汇经纪商奖
荣获World Finance Forex Awards 2023澳大拉西亚最佳外汇经纪商奖
荣获World Finance Forex Awards 2023拉丁美洲最佳外汇经纪商奖
荣获World Finance Forex Awards 2023中东最佳外汇经纪商奖
CFI.co于2023年颁赠
荣获2023年City of London Wealth Management Awards
荣获2022年埃及金融博览会颁赠
荣获2022年City of London Wealth Management Awards
CFI.co于2022年颁赠
荣获Global Forex Awards 2022 — 零售外汇颁赠
2021年迪拜外汇博览会获颁赠
Ultimate Fintech 2021年颁赠
荣获2021年City of London Wealth Management Awards
FX168于2020年12月颁赠
荣获Global Business Awards 2020
荣获2020年City of London Wealth Management Awards
Capital Finance International Magazine (CFI.co)颁赠
Capital Finance International Magazine (CFI.co)颁赠
荣获2019年City of London Wealth Management Awards
Shares Magazine 授予 UK Forex Awards 2018
Capital Finance International Magazine (CFI.co)颁赠
Capital Finance International Magazine (CFI.co)颁赠
2017年伦敦财富管理奖
2016最佳本土客户服务
中东和北非地区（MENA）增长最快的经纪商
2015年最佳外汇科技提供商
2014年最佳外汇科技提供商
2014年最佳外汇科技提供商
荣获 The Trading Show 2024年非洲 Africa Fintech 峰会颁赠
荣获2024年中东地区 Brokersview 颁赠
荣获2024年中东地区 Brokersview 颁赠
荣获2024年阿曼 Smart Vision 峰会颁赠
荣获2024年迪拜外汇博览会颁赠
荣获2024年迪拜 Forex Traders Summit 颁赠
2024年埃及 Smart Vision 峰会颁赠
投查查于2024年颁赠
Capital Finance International Magazine (CFI.co) 2024年颁赠
CFI.co于2023年颁赠
CFI.co于2023年颁赠
交易社区平台FOLLOWME于2022年颁赠
2022年迪拜Forex Expo获颁赠
2022年迪拜Forex Expo获颁赠
荣获Global Forex Awards 2022 — 零售外汇颁赠
CFI.co于2022年颁赠
CFI.co于2022年颁赠
World Finance Forex Awards 2022 颁发
World Finance Forex Awards 2022 颁发
World Finance Forex Awards 2022 颁发
World Finance Forex Awards 2022 颁发
交易社区平台FOLLOWME于2021年颁赠
2021年埃及Smart Vision Investment Expo博览会获颁赠
CFI.co于2021年颁赠
CFI.co于2021年颁赠
荣获Global Forex Awards 2021 — 零售外汇颁赠
荣获Global Forex Awards 2021 — 零售外汇颁赠
World Finance 2021颁发
World Finance 2021颁发
FOLLOWME于2021年颁赠
Global Forex Awards 2021 — B2B 颁赠
Global Forex Awards颁赠
Global Forex Awards颁赠
CFI.co于2020年颁赠
CFI.co于2020年颁赠
荣获Global Business Awards 2020
World Finance Magazine 颁赠
World Finance Forex Awards 2020
World Finance Magazine 颁赠
World Finance Forex Awards 2020
FOLLOWME交易社区授予
Global Forex Awards颁赠
Global Forex Awards颁赠
FinTech Age Awards颁发
World Finance Magazine 颁赠
World Finance Forex Awards 2019
World Finance Magazine 颁赠
World Finance Forex Awards 2019
荣获 World Finance Forex Awards 2018 颁赠
荣获2018年埃及金融博览会颁赠
荣获 Shares Magazine 的 UK Forex Awards 2017 颁赠
荣获 World Finance Forex Awards 2017
2016年最佳黄金经纪商
2016年最佳外汇经纪商
2015年最佳本地客户服务
Global Brands Magazine 颁赠
Online Money Awards 2022 颁发
荣获2022年埃及金融博览会颁赠
2015最佳外汇交易平台
2015最佳金融交易平台
2013最佳创新外汇平台奖
2020年 Cyprus HR Awards 颁赠
金融行业的佼佼者
认证最优金牌级别
2014年首届亚军
Finance Magnates 颁发
Finance Magnates 颁发
Capital Finance International Magazine (CFI.co) 2024年颁赠
COLWMA 2024年颁赠
荣获World Finance Forex Awards 2023最佳外汇客户服务奖
荣获World Finance Forex Awards 2023欧洲最佳外汇经纪商奖
荣获World Finance Forex Awards 2023澳大拉西亚最佳外汇经纪商奖
荣获World Finance Forex Awards 2023拉丁美洲最佳外汇经纪商奖
荣获World Finance Forex Awards 2023中东最佳外汇经纪商奖
CFI.co于2023年颁赠
荣获2023年City of London Wealth Management Awards
荣获2022年埃及金融博览会颁赠
荣获2022年City of London Wealth Management Awards
CFI.co于2022年颁赠
荣获Global Forex Awards 2022 — 零售外汇颁赠
2021年迪拜外汇博览会获颁赠
Ultimate Fintech 2021年颁赠
荣获2021年City of London Wealth Management Awards
FX168于2020年12月颁赠
荣获Global Business Awards 2020
荣获2020年City of London Wealth Management Awards
Capital Finance International Magazine (CFI.co)颁赠
Capital Finance International Magazine (CFI.co)颁赠
荣获2019年City of London Wealth Management Awards
Shares Magazine 授予 UK Forex Awards 2018
Capital Finance International Magazine (CFI.co)颁赠
Capital Finance International Magazine (CFI.co)颁赠
2017年伦敦财富管理奖
2016最佳本土客户服务
中东和北非地区（MENA）增长最快的经纪商
2015年最佳外汇科技提供商
2014年最佳外汇科技提供商
2014年最佳外汇科技提供商
荣获 The Trading Show 2024年非洲 Africa Fintech 峰会颁赠
荣获2024年中东地区 Brokersview 颁赠
荣获2024年中东地区 Brokersview 颁赠
荣获2024年阿曼 Smart Vision 峰会颁赠
荣获2024年迪拜外汇博览会颁赠
荣获2024年迪拜 Forex Traders Summit 颁赠
2024年埃及 Smart Vision 峰会颁赠
投查查于2024年颁赠
Capital Finance International Magazine (CFI.co) 2024年颁赠
CFI.co于2023年颁赠
CFI.co于2023年颁赠
交易社区平台FOLLOWME于2022年颁赠
2022年迪拜Forex Expo获颁赠
2022年迪拜Forex Expo获颁赠
荣获Global Forex Awards 2022 — 零售外汇颁赠
CFI.co于2022年颁赠
CFI.co于2022年颁赠
World Finance Forex Awards 2022 颁发
World Finance Forex Awards 2022 颁发
World Finance Forex Awards 2022 颁发
World Finance Forex Awards 2022 颁发
交易社区平台FOLLOWME于2021年颁赠
2021年埃及Smart Vision Investment Expo博览会获颁赠
CFI.co于2021年颁赠
CFI.co于2021年颁赠
荣获Global Forex Awards 2021 — 零售外汇颁赠
荣获Global Forex Awards 2021 — 零售外汇颁赠
World Finance 2021颁发
World Finance 2021颁发
FOLLOWME于2021年颁赠
Global Forex Awards 2021 — B2B 颁赠
Global Forex Awards颁赠
Global Forex Awards颁赠
CFI.co于2020年颁赠
CFI.co于2020年颁赠
荣获Global Business Awards 2020
World Finance Magazine 颁赠
World Finance Forex Awards 2020
World Finance Magazine 颁赠
World Finance Forex Awards 2020
FOLLOWME交易社区授予
Global Forex Awards颁赠
Global Forex Awards颁赠
FinTech Age Awards颁发
World Finance Magazine 颁赠
World Finance Forex Awards 2019
World Finance Magazine 颁赠
World Finance Forex Awards 2019
荣获 World Finance Forex Awards 2018 颁赠
荣获2018年埃及金融博览会颁赠
荣获 Shares Magazine 的 UK Forex Awards 2017 颁赠
荣获 World Finance Forex Awards 2017
2016年最佳黄金经纪商
2016年最佳外汇经纪商
2015年最佳本地客户服务
Global Brands Magazine 颁赠
Online Money Awards 2022 颁发
荣获2022年埃及金融博览会颁赠
2015最佳外汇交易平台
2015最佳金融交易平台
2013最佳创新外汇平台奖
2020年 Cyprus HR Awards 颁赠
金融行业的佼佼者
认证最优金牌级别
2014年首届亚军
Finance Magnates 颁发
Finance Magnates 颁发
Capital Finance International Magazine (CFI.co) 2024年颁赠
COLWMA 2024年颁赠
荣获World Finance Forex Awards 2023最佳外汇客户服务奖
荣获World Finance Forex Awards 2023欧洲最佳外汇经纪商奖
荣获World Finance Forex Awards 2023澳大拉西亚最佳外汇经纪商奖
荣获World Finance Forex Awards 2023拉丁美洲最佳外汇经纪商奖
荣获World Finance Forex Awards 2023中东最佳外汇经纪商奖
CFI.co于2023年颁赠
荣获2023年City of London Wealth Management Awards
荣获2022年埃及金融博览会颁赠
荣获2022年City of London Wealth Management Awards
CFI.co于2022年颁赠
荣获Global Forex Awards 2022 — 零售外汇颁赠
2021年迪拜外汇博览会获颁赠
Ultimate Fintech 2021年颁赠
荣获2021年City of London Wealth Management Awards
FX168于2020年12月颁赠
荣获Global Business Awards 2020
荣获2020年City of London Wealth Management Awards
Capital Finance International Magazine (CFI.co)颁赠
Capital Finance International Magazine (CFI.co)颁赠
荣获2019年City of London Wealth Management Awards
Shares Magazine 授予 UK Forex Awards 2018
Capital Finance International Magazine (CFI.co)颁赠
Capital Finance International Magazine (CFI.co)颁赠
2017年伦敦财富管理奖
2016最佳本土客户服务
中东和北非地区（MENA）增长最快的经纪商
2015年最佳外汇科技提供商
2014年最佳外汇科技提供商
2014年最佳外汇科技提供商
荣获 The Trading Show 2024年非洲 Africa Fintech 峰会颁赠
荣获2024年中东地区 Brokersview 颁赠
荣获2024年中东地区 Brokersview 颁赠
荣获2024年阿曼 Smart Vision 峰会颁赠
荣获2024年迪拜外汇博览会颁赠
荣获2024年迪拜 Forex Traders Summit 颁赠
2024年埃及 Smart Vision 峰会颁赠
投查查于2024年颁赠
Capital Finance International Magazine (CFI.co) 2024年颁赠
CFI.co于2023年颁赠
CFI.co于2023年颁赠
交易社区平台FOLLOWME于2022年颁赠
2022年迪拜Forex Expo获颁赠
2022年迪拜Forex Expo获颁赠
荣获Global Forex Awards 2022 — 零售外汇颁赠
CFI.co于2022年颁赠
CFI.co于2022年颁赠
World Finance Forex Awards 2022 颁发
World Finance Forex Awards 2022 颁发
World Finance Forex Awards 2022 颁发
World Finance Forex Awards 2022 颁发
交易社区平台FOLLOWME于2021年颁赠
2021年埃及Smart Vision Investment Expo博览会获颁赠
CFI.co于2021年颁赠
CFI.co于2021年颁赠
荣获Global Forex Awards 2021 — 零售外汇颁赠
荣获Global Forex Awards 2021 — 零售外汇颁赠
World Finance 2021颁发
World Finance 2021颁发
FOLLOWME于2021年颁赠
Global Forex Awards 2021 — B2B 颁赠
Global Forex Awards颁赠
Global Forex Awards颁赠
CFI.co于2020年颁赠
CFI.co于2020年颁赠
荣获Global Business Awards 2020
World Finance Magazine 颁赠
World Finance Forex Awards 2020
World Finance Magazine 颁赠
World Finance Forex Awards 2020
FOLLOWME交易社区授予
Global Forex Awards颁赠
Global Forex Awards颁赠
FinTech Age Awards颁发
World Finance Magazine 颁赠
World Finance Forex Awards 2019
World Finance Magazine 颁赠
World Finance Forex Awards 2019
荣获 World Finance Forex Awards 2018 颁赠
荣获2018年埃及金融博览会颁赠
荣获 Shares Magazine 的 UK Forex Awards 2017 颁赠
荣获 World Finance Forex Awards 2017
2016年最佳黄金经纪商
2016年最佳外汇经纪商
2015年最佳本地客户服务
Global Brands Magazine 颁赠
Online Money Awards 2022 颁发
荣获2022年埃及金融博览会颁赠
2015最佳外汇交易平台
2015最佳金融交易平台
2013最佳创新外汇平台奖
2020年 Cyprus HR Awards 颁赠
金融行业的佼佼者
认证最优金牌级别
2014年首届亚军

Awarded BestBrokerYear After Year

location: Home > News > market news

XM Forex Trading Platform

News

market news

Powell hits five-week highs after criminal charges from Trump allies, stimulating safe-haven demand

Wonderful introduction:

A clean and honest man is the happiness of honest people, a prosperous business is the happiness of businessmen, a punishment of evil and traitors is the happiness of chivalrous men, a good character and academic performance is the happiness of students, aiding the poor and helping the poor is the happiness of good people, and planting in spring and harvesting in autumn is the happiness of farmers.

Hello everyone, today XM Forex will bring you "[XM Forex Platform]: Powell was criminally accused by Trump's allies, stimulated by safe-haven demand, and gold prices hit a five-week high." Hope it will be helpful to you! Original content is as follows:

On Tuesday (July 22 Beijing time), spot gold traded around $3,400 per ounce, and gold prices hit a five-week high on Monday, as the US dollar and U.S. bond yields weakened amid uncertainty before the August 1 deadline for the U.S. demanded that countries reach a trade deal with Washington, otherwise they would face more tariffs, and Powell was criminally charged by Trump allies, raising concerns about his removal; U.S. crude oil traded around $65.83 per ounce, and oil prices closed slightly lower on Monday, as the latest European sanctions on Russian oil are expected to have little impact on supply, but investors weighed the potential decline in diesel supply to curb oil prices.

Focus on the day

The S&P 500 and Nasdaq hit a close high on Monday, boosted by Alphabet and other super-large stocks, with multiple eouu.cnpanies reporting financial reports this week, and investors betting that a possible trade deal would mitigate the damage to the economy caused by the Trump administration's global tariffs.

Google parent Alphabet rose 2.7% before its quarterly earnings report on Wednesday. Both the eouu.cnpany and Tesla will release their financial reports on Wednesday, kicking off the so-called "Big Seven" financial reports.

Tesla fell 0.35%, while Apple rose 0.62%, Amazon rose 1.43%, and both the S&P 500 and the Nasdaq index rose.

Analysts expect average earnings for S&P 500 eouu.cnpanies in the second quarter increased by 6.7%, with large tech eouu.cnpanies driving most of the growth, according to data from London Stock Exchange I/B/E/S. Tom Hai, national investment strategist at Bank of America Wealth Management in Minneapolis"So far, eouu.cnpanies that have announced their results have generally met or exceeded expectations released in the previous quarter, and we have not seen any decline in corporate profits or consumer spending."

As the August 1 tariff deadline approaches, investors bet that the economic losses caused by the tariffs will be lower than people's concerns. U.S. eouu.cnmerce Secretary Lutnik said on Sunday that while EU member states are exploring possible countermeasures against the United States, he is confident that the United States will reach a trade deal with the EU.

Trump threatened to impose a 30% tariff on imported products from Mexico and the EU, and wrote to other trading partners such as Canada, Japan and Brazil, setting a 20% to 50% tariff.

The S&P 500 rose 0.14% to close at 6305.60 points. The Nasdaq rose 0.38% to close at 20,974.18 points. The Dow Jones Industrial Average fell 0.04% to close at 44,323.07 points.

Seven of the 11 major sectors of the S&P 500 rose, with the eouu.cnmunications Services sector leading the gains, up 1.9%, followed by the Consumer Disabilities sector up 0.6%.

The transaction volume of various exchanges in the United States increased, with a cumulative transaction volume of 19.7 billion shares, while the average daily trading volume in the past 20 trading days was 17.7 billion shares. So far in 2025, the S&P 500 has risen about 7%, while the Nasdaq has risen nearly 9%.

Investors paying attention to how tariff uncertainty affects the U.S. economy will carefully review the initial jobless claims figures and July corporate activity reports expected to be released Thursday. They will also look at Fed Chairman Powell’s speech on Tuesday to see when the Fed may cut interest rates, especially after last week’s mixed inflation signals. CME’s FedWatch tool shows that traders basically ruled out the possibility of a rate cut in July, and they now believe the Fed is more than 50% likely to cut interest rates at their September meeting. Gold prices rose more than 1% on Monday, hitting a five-week high as U.S. dollar and U.S. Treasury yields weakened amid uncertainty ahead of the August 1 deadline for the U.S. asking countries to reach a trade deal with Washington otherwise face more tariffs.

Spot gold was $3394.23 per ounce, up 1.3%, a record high since June 17. U.S. gold futures closed up 1.4% to $3,406.40. The dollar index fell 0.6%, making gold denominated in dollar more affordable for buyers using other currencies, while the metric’s 10-year U.S. Treasury yield hit a new low in more than a week.

David Meger, head of metal trading at HighRidge Futures, said: "With the August 1 deadline approaching, this brings some level of uncertainty to the market, which is certainly supporting."

According to EU diplomats, the EU is exploring a wider range of possibilities as the prospect of an acceptable trade agreement with Washington dimmed, the EU is exploring a wider range of possibilities.It can counter US measures. In terms of interest rates, according to the CMEFedWatch tool, traders believe that the possibility of the Fed's interest rate cut in September is 59%.

U.S. Treasury Secretary Becent said the entire Fed needs to be reviewed as an institution.

Data shows that the world's major gold consumer countries imported 63 metric tons of gold last month, the lowest since January. Spot silver rose 2.1% to $38.99 per ounce; platinum rose 1.4% to $1,440.75; palladium rose 2.1% to $1,266.04. Oil market

Oil market

Oil prices closed slightly lower on Monday as the latest European sanctions on Russian oil are expected to have little impact on supply, but investors weighed the potential decline in diesel supply to curb oil prices. Brent crude futures closed down 0.1% to $69.21 a barrel. U.S. crude oil fell 0.2% to $67.20.

The EU approved the 18th set of sanctions imposed on Russia due to the Ukrainian war last Friday, which also targets India's Nayara Energy eouu.cnpany, an exporter that extracts petroleum products from Russian crude oil as a raw material. "The market currently believes that supply will still enter the market in some way or form, and the market is not too worried."

Kremlin spokesman Peskov said last Friday that Russia has already gained some immunity to Western sanctions. Analysts said investors' concerns about diesel supply caused by the sanctions package curb some of the declines in crude oil during trading Monday afternoon.

Low-sulfur diesel futures closed at $26.31 on Monday, up about 3%, setting their highest closing price since February 2024.

Bak Hughes said last Friday that the number of oil rigs operating in the United States fell by two to 422 last week, the lowest level since September 2021.

Foreign exchange market

The yen climbed across the board on Monday after the previously troubled Japanese Prime Minister Shigeru Ishiba vowed to continue as leader, even as the ruling coalition he led lost more than half of his seat in the House of Lords elections on Sunday. Investors are ready for market turmoil as the deadline for U.S. tariff negotiations approach. As the Japanese market is closed due to public holidays, the yen has become the main measure of possible anxiety among investors.

On the other hand, the dollar weakened against most currencies, consistent with the downward trend of U.S. Treasury yields, analysts pointed out. In afternoon trading, the yen rose 1% against the dollar to 147.315 yen per dollar, although that level is not too far from the three-and-a-half-month low of 149.19 yen hit last week. At the time, investors were concerned about Japan's political and fiscal prospects.

The yen rose to 172.27 against the euro and to 198.64 against the pound, both rising 0.4%.

IshibashiThe leading Liberal Democratic Party won 47 seats in Japan's Senate elections, down from the 50 seats needed to secure more than half of the seats. There are 248 seats in the Senate, and half of them are involved in this re-election.

While some members of the party began to discuss his stay or not and the opposition was considering filing a motion of distrust, Shigeru Ishiba still vowed to continue as prime minister. "For Prime Minister Shigeru Ishiba, the election results are not as bad as analysts predict. The Prime Minister's party successfully minimized seat losses and Shigeru Ishiba was not forced to resign, and the reality is far more optimistic than expected due to the Prime Minister's eouu.cnmitment to continue to rule and resolve differences in fiscal policy, which generally played a welcome role in the development of the yen."

Although the election results did not eouu.cnpletely shock the market, it was also a tricky moment for a country trying to reach a tariff agreement with U.S. President Trump by the August 1 deadline.

Investors' focus is also firmly locked in the global tariff offensive launched by Trump. A report from the Financial Times last week showed that the U.S. president is pushing for new high tariffs on EU products.

U.S. eouu.cnmerce Secretary Lutnik said on Sunday that he is confident that the United States will reach a trade deal with the EU, but stressed that August 1 is the deadline for tariffs to eouu.cne into force. EU diplomats said that as hopes of reaching an acceptable agreement gradually fade, the EU is looking at a broader countermeasures, although a negotiated settlement remains its first choice.

The euro was at $1.1681, up 0.4%; the pound was at $1.3488, up 0.6%. The ECB will hold a meeting this week and is expected to keep interest rates unchanged after consecutive rate cuts. Meanwhile, investors are concerned about whether the Fed will choose to cut interest rates under Trump’s pressure.

In the United States, Trump seemed to be close to firing Fed Chairman Powell last week, but eventually gave up due to the possibility of market turmoil. The Fed is expected to keep interest rates unchanged at its July meeting.

U.S. Treasury Secretary Becent said on Monday that the Fed as an institution needs to be fully examined to assess whether it really plays a role.

He pointed out in an interview with eouu.cnBC that although there is almost no inflation effect at present, the Federal Reserve has "created panic" on tariffs.

Traders have now fully digested the Fed's expectations of a rate cut at its October meeting, but have not yet fully digested the possibility of a second rate cut this year. The dollar index, which measures the dollar against six major currencies, fell 0.5% to 97.969.

The above content is all about "[XM Forex Platform]: Powell was criminally accused by Trump's allies, stimulated by safe-haven demand, and gold prices hit a five-week high". It was carefully eouu.cnpiled and edited by the editor of XM Forex. I hope it will be helpful to your trading! Thanks for the support!

Share, it is as simple as a gust of wind that can bring refreshment, just like a flower that can bringIt is as pure as the fragrance. The dusty heart gradually opens up. I understand sharing. Sharing is actually so simple.

Unless otherwise specified, all articles are original creations of this websiteIf reproduced, please indicate the source: XM Forex

Article address:https://eouu.cn/en/news/28563.html

Previous：Weaker in the U.S. dollar drives gold prices Next：Euro weakening provides breathing space for the ECB, but trade war clouds remain

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

Trusted by over 15 Million Traders

The Most Awarded Broker
for a Reason

Easy Access to 1,400+ Global Assets

XM Forex Trading Platform

CATEGORIES

News

market news

Powell hits five-week highs after criminal charges from Trump allies, stimulating safe-haven demand

Related News

Trusted by over 15 Million Traders

The Most Awarded Brokerfor a Reason

Easy Access to 1,400+ Global Assets

XM Forex Trading Platform

CATEGORIES

News

market news

Powell hits five-week highs after criminal charges from Trump allies, stimulating safe-haven demand

Related News

The Most Awarded Broker
for a Reason