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The 20-year US bond auction "exploded"! US Treasury fell sharply, US dollar index continued to decline
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Hello everyone, today XM Foreign Exchange will bring you "[XM Group]: The 20-year US bond auction "exploded"! US bonds fell sharply, and the US dollar index continued to decline." Hope it will be helpful to you! The original content is as follows:
On May 22, early trading in the Asian market on Thursday, Beijing time, the US dollar index hovered around 99.56. On Wednesday, the dollar index continued to decline and fell below the 100 mark, which ended up closing down 0.42% at 99.60 due to concerns about the Trump administration's tax cuts and spending bills and weak demand for 20-year U.S. Treasury bid. The benchmark 10-year U.S. Treasury yield closed at 4.605%; the two-year U.S. Treasury yield closed at 4.030%. Spot gold started to rise during the European session and accelerated its upward trend in the US session. It once rose by more than 1% during the day and finally closed up 0.78% to $3,315.64 per ounce, hitting a new high in the past week. Spot silver finally closed up 0.94% at $33.38 per ounce. Affected by the situation in the Middle East and the prospects of the Iran nuclear agreement, the two oils rose first and then fell. After US media reported that Israel was preparing to crack down on Iran's nuclear facilities, WTI crude oil opened sharply higher and rose nearly 2%, but then continued to decline, erasing all the gains in the day and turning to a decline, and finally closed down 1.49% at $61.20/barrel; Brent crude oil closed down 1.31% at $64.16/barrel.
Analysis of major currencies
Dollar Index: As of press time, the US dollar index hovers around 99.56. Since the beginning of this week, the dollar has paid the price for the volatility of Trump's administration's policies, which is currently facing difficulties in many aspects. Hawkish rhetoric by Fed officials has significantly lowered market expectations for a recent rate cut, which provides support from the dollar to some extent. However, the ongoing political uncertainty and geopolitical risks put pressure on the US dollar, forming aA delicate balance. Technically, the US dollar weakened among major currency pairs, with the euro, pound, yen and Canadian dollars all recording gains driven by domestic positive factors and widespread US dollar selling.
Analysis of gold and crude oil market trends
1) Analysis of gold market trends
On Thursday, gold trading around 3324.88. International gold prices have recently experienced a strong rise, rising for the third consecutive trading day on Wednesday, setting a new weekly high of $3324.76/ounce, and finally closed at $3315.14/ounce, a single-day increase of about 0.78%. This wave of upward trend is mainly driven by the weakening of the US dollar index and the intensified global geopolitical uncertainty, showing the unique charm of gold as a traditional safe-haven asset. This trading day will be released on PMI data in European and American countries in May, changes in the number of initial unemployment claims in the United States, and the total annualized number of existing home sales in April. Investors need to pay attention to it. In addition, we will continue to pay attention to the international trade situation, geopolitical situation and news related to the G7 meeting, and pay attention to the speeches of Federal Reserve officials.
On Thursday, crude oil trading around 61.07. Oil prices have been under constant pressure since U.S. President Donald Trump took office in January, affected by recession concerns, rising global supply and weaker dollar. Together, these factors have led to weakness in liquid zeizao.cnmodities, suppressing the bullish momentum that previously supported high energy prices.
Forex market trading reminder on May 22, 2025
15:00 State Information Office held a press conference on the relevant situation of science and technology financial policies
15:15 Initial value of French manufacturing PMI in May
15:30 Initial value of German manufacturing PMI in May
16:00 Germany's May IFO Business Intensive Index
16:00 Eurozone's May manufacturing PMI in May
16:30 Initial value of UK manufacturing PMI in May
16:30 Initial value of UK service industry PMI in May
16:30 Initial value of UK service industry PMI in May
16:30p>
18:00 UK CBI industrial order difference in May
19:30 European Central Bank released minutes of April monetary policy meeting
20:30 US initial request for unemployment benefits in the week from the United States to May 17
21:45 US S&P global manufacturing PMI in May
21:45 US S&P global service PMI in May
22:00 US total annualized housing sales in April
22:30 US EIA natural gas inventory in the week from the United States to May 16
02:00 US next day
Williams delivered a keynote speech
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