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Capital Finance International Magazine (CFI.co) 2024年颁赠
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荣获2019年City of London Wealth Management Awards
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2017年伦敦财富管理奖
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中东和北非地区（MENA）增长最快的经纪商
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荣获2023年City of London Wealth Management Awards
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荣获2022年City of London Wealth Management Awards
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荣获2019年City of London Wealth Management Awards
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2017年伦敦财富管理奖
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中东和北非地区（MENA）增长最快的经纪商
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荣获Global Forex Awards 2022 — 零售外汇颁赠
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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
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荣获Global Forex Awards 2021 — 零售外汇颁赠
荣获Global Forex Awards 2021 — 零售外汇颁赠
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World Finance 2021颁发
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Global Forex Awards 2021 — B2B 颁赠
Global Forex Awards颁赠
Global Forex Awards颁赠
CFI.co于2020年颁赠
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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
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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
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Global Brands Magazine 颁赠
Online Money Awards 2022 颁发
荣获2022年埃及金融博览会颁赠
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金融行业的佼佼者
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Finance Magnates 颁发
Finance Magnates 颁发
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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
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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
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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
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Capital Finance International Magazine (CFI.co) 2024年颁赠
CFI.co于2023年颁赠
CFI.co于2023年颁赠
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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
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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
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荣获World Finance Forex Awards 2023澳大拉西亚最佳外汇经纪商奖
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荣获2023年City of London Wealth Management Awards
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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
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荣获2021年City of London Wealth Management Awards
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荣获2020年City of London Wealth Management Awards
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Capital Finance International Magazine (CFI.co)颁赠
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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
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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
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2024年埃及 Smart Vision 峰会颁赠
投查查于2024年颁赠
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CFI.co于2023年颁赠
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2022年迪拜Forex Expo获颁赠
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World Finance Forex Awards 2022 颁发
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荣获Global Forex Awards 2021 — 零售外汇颁赠
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World Finance 2021颁发
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Global Forex Awards 2021 — B2B 颁赠
Global Forex Awards颁赠
Global Forex Awards颁赠
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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
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荣获 World Finance Forex Awards 2018 颁赠
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Global Brands Magazine 颁赠
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金融行业的佼佼者
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Strong GDP boosts the dollar's rebound, but the real test is PCE tonight! This is how the trend will be set next week?

Wonderful Introduction:

Love sometimes does not require the promise of vows, but she must need meticulous care and greetings; sometimes she does not need the tragic spirit of Liang Zhu turning into a butterfly, but she must need the tacit understanding and xn--xm-6d1dw86k.companionship with each other; sometimes she does not need the follower of male and female followers, but she must need the support and understanding of each other.

Hello everyone, today XM Forex will bring you "[XM Forex]: The strong GDP boosts the US dollar's rebound, but the real test is PCE tonight! Is this the tone set for next week's trend?" Hope it will be helpful to you! The original content is as follows:

Asian market market

On Thursday, the US dollar index rose sharply before the US market and hit a new high in the past two weeks. As of now, the US dollar price is 98.37.

Summary of the Foreign Exchange Market

U.S. GDP was significantly revised up to 3.8% in the second quarter, a two-year high, with the previous value of 3.3%; the number of initial unemployment claims in the United States recorded 218,000 in the week of September 20, the lowest since the week of July 19, 2025, with the previous value revised from 231,000 to 232,000.

Dallas Fed Chairman Logan called for reform of the interest rate benchmark to replace the federal funds rate with a more efficient transmission of tripartite general interest rate (TGCR), as the former had a transaction size of about $1 trillion per day and the latter was $100 billion per day. She said this move was a technical adjustment and we should be prepared for danger and reform as soon as possible.

Federal Director Bowman: Now we should turn to employment rather than inflation; this year's Parliament xn--xm-6d1dw86k.commission and Kansas Fed Chairman Schmidt: The more balance sheet is reduced, the better; Chicago Fed Chairman Goulsby is a little uneasy about implementing excessive interest rate cuts based on the slowdown in employment data, and is still confirming whether inflation has peaked. San Francisco Fed Chairman Daley also believes that the risk should not be xn--xm-6d1dw86k.completely turned to a neutral position, which is too great.

Federal Director Cook warned the mostHigh Court: If fired, the market will fall into "chaos".

The US military fighter jets were launched urgently to intercept Russian military aircraft near Alaska; Russian strategic bombers cruised the Bering Sea, and the US intercepted them but did not regard them as a threat.

U.S. Defense Secretary Hegses assembles senior US military generals to meet next week, and the reason is unknown. Trump responded: This is nothing, don't make it a big news.

Ukrainian President Zelensky: Be prepared to step down after the end of the Russian-Ukrainian conflict, and an election will be held if the ceasefire is made.

The Trump administration is reportedly planning to adjust the South Korea-US trade agreement, seeking South Korea to increase its investment xn--xm-6d1dw86k.commitment to $550 billion, and more in cash.

The Swiss National Bank has kept interest rates unchanged at 0%, and has remained silent for the first time since the interest rate cut cycle began in March 2024.

The International Financial Association's global debt monitoring data shows that global debt reached a record nearly $338 trillion in the second quarter of 2025.

Summary of institutional views

Rabobank: Geopolitics has overwhelmed the economic agenda, and NATO emergency meeting sounded another alarm

Geopolitics has overtaken the economic agenda, which is a theme we have continued to emphasize over the years. NATO held its second meeting in two weeks under Article 4 of the Treaty of Washington. xn--xm-6d1dw86k.compared with the statements made by NATO Secretary-General Rutt two weeks ago after the Polish drone incident, the intensity and targetedness of the statement were significantly escalated. The Danish Prime Minister claimed that the Copenhagen incident was a "serious attack" on Denmark's critical infrastructure after the drone incident between Oslo and Copenhagen Airport, and that Russia's behind-the-scenes manipulation is not ruled out. If confirmed, will this trigger the third NATO emergency meeting? Will the next action go beyond written warnings and turn into substantial deterrence?

Economicly, the euro zone PMI data shows that the decline in manufacturing is significantly differentiated with the service industry. The weight of the service industry supports the xn--xm-6d1dw86k.comprehensive PMI slightly higher than 51.2, but new export orders in manufacturing shrink at the fastest speed in six months - this coincides with the timing of tariffs and the European and American trade agreement. The reversal of manufacturing PMI in September may indicate that the ebb of US tariffs and pre-activity is turning into an economic headwind, and we expect European economic growth to remain sluggish in the xn--xm-6d1dw86k.coming quarters. The US PMI also confirmed that weak demand suppressed corporate pricing capabilities, but the cost side continued to rise driven by tariffs, and the profit margins were under pressure and the labor market softening formed a vicious cycle.

Back to geopolitical terms, only 8% of Germany's 83 billion euro arms procurement plan has been invested in US weapons, which has become a break from previous years, meaning that the EU may not be able to fulfill its promise to US large-scale arms purchases. From the perspective of governing the country, although this move may anger the White House, given that the capacity utilization rate of the German capital goods industry is 3.5 percentage points lower than the long-term average, it is economically reasonable to turn to local equipment in Europe. The European and American agreement does not specify the amount of procurement, leaving room for Brussels to deal with each other - this silent game may reshape the transatlantic trade and security pattern.

American Silver: The end of the month rebalancing model—EuropeThe dollar will fight call options at this level, but the pound has become the weakest link in the G10

Based on the rebalancing model of the traditional 60/40 portfolio, we observe that assets denominated by the euro, pound and yen (especially stocks) perform worse than emerging markets and US dollar assets. This may trigger a moderate rebalancing capital flow into the euro (about +1.0σ), pound (about +0.9σ) and yen (about +0.6σ), while emerging markets are facing significant outflows (about -1.5σ), and US dollar funds are slightly outflowed (about -0.2σ).

Specifically, the euro rose briefly against the US dollar due to position adjustments last week, but returned to the consolidation pattern after the Fed meeting. If the capital flow pushes the euro to hit the 1.18 mark at the end of the month, the market demand for euro call options may restart in pursuit of breakthroughs. The British pound has become a weak link in the G10 currency due to the worsening fiscal situation in the UK. It is recommended to express short-term bearish views by shorting the pound against the euro or Swiss francs cross-trade to avoid interference from the rebalancing volatility at the end of the month.

JPMorgan Chase: The US dollar has staged a "fallless" rebound. Is it a reversal or a dead cat jump at the moment?

The volatility of the foreign exchange market rose significantly yesterday. The US dollar launched a technical rebound under the dual driving force of corporate buying demand and weak German IFO data, forming a market that "no decline can be rebounded if it cannot fall." Although major currency pairs are still in range fluctuations, the US dollar has lost its sustained momentum at the beginning of last year. Although it remains bearish for the long term (economic data will eventually weaken, Fed independence is eroded, and the risk of government shutdown is lurking), it is necessary to remain patient in the face of a dull monthly market. Based on this, we made tactical adjustments: closed most of the short positions in the pound (observed that the real money account was bought at the current position on dips), while slightly increasing the short positions in the US dollar against the Japanese yen at the current level. The euro has not yet carried out reverse operations because it is near the key support level.

Technically, the euro against the US dollar is testing trend line support. In the market dominated by capital flow at the end of the month, if there is a lack of catalyst, it may first fall to the 1.16 mark. Yesterday, there was no real money account buying at a low price, which was vigilant, so it was cautious about the remaining light long positions. Key technical support is located in the 1.1670-1.1680 area (covering the 50-day moving average and the low before the CPI was announced). If the standard is lost, focus on the 1.1580-1.16 range (the previous low of non-agricultural farms coincides with the 100-day moving average). Falling below this position will cause deeper concerns about adjustments.

Analyst Fawad Razaqzada: There is a key contradiction in the US dollar technology, and false breakthrough risks coexist with hope of double bottoms, and strategies should be considered...

Since the Federal Reserve cut interest rates last week, Powell has not fully clarified the facts. As always this week, he emphasized that short-term inflation risks tend to rise and employment risks tend to fall - this is a challenging situation. In other words, he did not promise a rate cut in October. His remarks confused the next direction of interest rates, and the dollar then rebounded.

Technically, the dollar rebound momentumIt is being tested, and the 21-day moving average, the breakout support level and the downward trend line are all converging in the 97.6-97.8 area, which is an difficult problem for bulls. However, a thorough breakout of this region will open the door for short-term uptrends, although I don't think the overall downtrend has reversed. At a larger level, the US dollar is still between the highs and lows of continuous declines. The rebound only started after the U.S. dollar index brought liquidity below July lows of 96.37. This may evolve into a false breakthrough or even a double bottom pattern, but if there is no more evidence, I think the rebound of the US dollar index should be regarded as a formal rebound.

For me, the key to this week is patience. The US dollar index needs to continue to break through 97.8 to indicate a more meaningful rebound, otherwise I will still tend to short. The dollar's rebound has also boosted some major currency pairs, allowing it to test key resistance or support levels. For example, the United States and Japan have rebounded and are currently testing key resistance levels in the range of 148.65 to 150 - if the United States and Japan fall below this range, the forecast of bearish dollar will continue, and 147 and 145 will be natural downside targets. But if the United States and Japan break through 97.8, a signal will be sent that the dollar shorts should pull back and reevaluate.

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Strong GDP boosts the dollar's rebound, but the real test is PCE tonight! This is how the trend will be set next week?

Asian market market

Summary of institutional views

Rabobank: Geopolitics has overwhelmed the economic agenda, and NATO emergency meeting sounded another alarm

American Silver: The end of the month rebalancing model—EuropeThe dollar will fight call options at this level, but the pound has become the weakest link in the G10

JPMorgan Chase: The US dollar has staged a "fallless" rebound. Is it a reversal or a dead cat jump at the moment?

Analyst Fawad Razaqzada: There is a key contradiction in the US dollar technology, and false breakthrough risks coexist with hope of double bottoms, and strategies should be considered...

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

Strong GDP boosts the dollar's rebound, but the real test is PCE tonight! This is how the trend will be set next week?

Asian market market

Summary of institutional views

Rabobank: Geopolitics has overwhelmed the economic agenda, and NATO emergency meeting sounded another alarm

American Silver: The end of the month rebalancing model—EuropeThe dollar will fight call options at this level, but the pound has become the weakest link in the G10

JPMorgan Chase: The US dollar has staged a "fallless" rebound. Is it a reversal or a dead cat jump at the moment?

Analyst Fawad Razaqzada: There is a key contradiction in the US dollar technology, and false breakthrough risks coexist with hope of double bottoms, and strategies should be considered...

Related News

The Most Awarded Broker
for a Reason