Group 1: Price Performance - London Gold's latest price is 3643.70 with no change [3] - London Silver's latest price is 41.86 with no change [3] - London Platinum's latest price is 1369.00 with no change [3] - London Palladium's latest price is 1161.00 with no change [3] - WTI Crude's latest price is 63.57 with no change [3] - LME Copper's latest price is 9962.50 with a change of 20.00 [3] - The US Dollar Index's latest value is 97.37 with no change [3] - Euro to US Dollar's latest exchange rate is 1.18 with no change [3] - Pound to US Dollar's latest exchange rate is 1.36 with no change [3] - US Dollar to Japanese Yen's latest exchange rate is 148.00 with no change [3] - US 10 - year TIPS's latest value is 1.75 with a change of 0.02 [3] Group 2: Trading Data - COMEX Silver's latest inventory is 16300.91 with no change [4] - SHFE Silver's latest inventory is 1159.44, a decrease of 44.08 [4] - Gold ETF's latest holding is 994.56, an increase of 18.90 [4] - Silver ETF's latest holding is 15205.14 with no change [4] - SGE Silver's latest inventory is 1283.61 with no change [4] - SGE Gold's latest deferred fee payment direction is 2, an increase of 1.00 [4] - SGE Silver's latest deferred fee payment direction is 1 with no change [4]

Group 1: Federal Reserve Actions - The Federal Reserve lowered interest rates by 25bps as expected during the September FOMC meeting, with indications of two more rate cuts within the year and an additional cut next year, which is more hawkish than market expectations[2] - Following the FOMC meeting, the 10-year U.S. Treasury yield rose by 6.31bps to 4.127%, while the 2-year yield increased by 1.59bps to 3.572%[3] - The market initially reacted to a more dovish 2025 dot plot but later adjusted to a more hawkish outlook for 2026, influenced by Powell's statements[3] Group 2: Market Reactions - The S&P 500 and Nasdaq indices rose by 1.22% and 2.21% respectively, driven by the Fed's rate cut and positive developments in U.S.-China TikTok negotiations[3] - The U.S. dollar index increased by 0.10% to 97.64, reflecting a mixed response to the Fed's actions and economic data[3] - Gold prices initially rose by 1.16% to $3685 per ounce but later declined, indicating volatility in response to the Fed's hawkish stance[3] Group 3: Economic Indicators - U.S. retail sales for August increased by 0.6%, surpassing expectations of 0.2%, with core retail sales (excluding autos) rising by 0.7% against a forecast of 0.4%[3] - Initial jobless claims for the week ending September 13 fell to 231,000, below the expected 240,000, indicating a strengthening labor market[3] - The Atlanta Fed's GDPNow model predicts a Q3 2025 GDP growth of 3.3%, while the New York Fed's Nowcast model estimates it at 2.1%[3] Group 4: Political Risks - The failure of temporary spending bills in the Senate raises the risk of a federal government shutdown on October 1, increasing political uncertainty in the market[4] - The potential for Trump to gain more influence over the Federal Reserve could lead to a shift from a data-dependent to a Trump-dependent policy framework, impacting future monetary policy decisions[4]

一样的行情，不一样的指导，不一样的人生。新手的特点就是不懂技术，盲目进场。他们每次交易只考虑一个问题：认为只要预判了市场涨跌就可以去做这 笔交易。这种重方向、轻位置的做法使得交易者一败涂地。其实，顺势而为的"势"跟"方向"是有很大差别的，因为市场的运动方向呈现震荡的形态运行，而 市场的趋势往往是全局性的。在我这里，我能做的是帮你合理的把控仓位，利用支撑和阻力位下单，让每一单有理可依，有迹可循。买卖点位不应该是随意 进场，请对自己的资金负责。如果你对行情真的无法把握，可以前来找到我，多一个分析师对你来说没有任何损失，永远记住一句话，专业的人做专业的 事，一切实战只为盈利，合作只为双赢。 黄金下周行情趋势分析： 黄金消息面解析：周五（9月19日）美盘时段，现货黄金收复部分失地，在对美联储利率决议出现周中震荡反应后，结束了两日连跌。现货黄金盘中交投于 3685美元左右，涨幅近1.12%。美元指数延续美联储决议后的反弹势头，从2022年2月以来的低点（约96.22）回升。该指数徘徊在97.62附近，接近五日高 点。根据芝商所（CME）美联储观察工具，市场认为10月降息25个基点的概率为91%，12月再次降息的概率接近 ...

Group 1 - The Federal Reserve's recent interest rate cut has led to a weakening of the US dollar, providing strong upward momentum for non-US currencies, including the Renminbi [1][2] - On September 17, the offshore Renminbi broke the 7.10 mark against the US dollar, reaching a high of 7.0995, the first time since November of the previous year [1][2] - The narrowing interest rate differential between China and the US is a significant factor contributing to the Renminbi's strength, although the fundamental economic conditions also play a crucial role [2][3] Group 2 - International capital flows are a key determinant of exchange rates, and the expectation of a weaker dollar is becoming more likely as the Fed continues its rate-cutting path [2] - China's economic resilience and the relative decline in productivity growth in Western countries are supporting the Renminbi's appreciation [3][4] - Deutsche Bank has expressed optimism about the Renminbi, predicting it could break the 7 mark by 2025 and appreciate to 6.7 by 2026, reflecting a positive outlook on Chinese assets [3] Group 3 - The willingness of foreign trade enterprises to engage in currency exchange is increasing, leading to a net inflow in the foreign exchange market [4] - The People's Bank of China's monetary policy is effectively stabilizing exchange rate expectations, reducing the likelihood of rapid appreciation or depreciation of the Renminbi [4] - The market's expectation of a stable Renminbi value is likely to persist, although the introduction of more exchange rate hedging tools may increase the volatility of the Renminbi in the future [4]

Group 1 - The core viewpoint is that the recent rise and subsequent fall in copper prices align with expectations, indicating potential high-level fluctuations in the coming months [1] - The increase in copper prices was driven by a decline in the US dollar index, but the fundamental factors do not support further price increases [1] - Positive factors for copper prices include agreements on tariff policies between the US and other countries, increased expectations for interest rate cuts leading to a weaker dollar, and upward support levels [1] Group 2 - Negative factors affecting copper prices include the potential for fluctuating tariff policies, reduced global demand due to these policies, and adjustments to US copper tariff policies leading to extremely high COMEX inventories [1]

Core Points - The ICE Dollar Index increased by 0.31% to 97.654 points at the end of trading on September 19, with a cumulative increase of 0.11% for the week, indicating a V-shaped recovery [1] - Following the Federal Reserve's announcement of a 25 basis point rate cut on September 17, the index dropped to 96.218 points, reflecting market reactions to the FOMC dot plot suggesting an additional 50 basis points of rate cuts by 2025 [1] - The Bloomberg Dollar Index rose by 0.22% to 1198.51 points, with a weekly increase of approximately 0.01%, trading within a range of 1183.70 to 1200.34 points [1]

Group 1 - The Federal Reserve announced a 25 basis point cut in the federal funds rate target range to 4.00% to 4.25%, marking the first rate cut of 2025 and following three cuts in 2024 [1] - The Fed's forecast indicates a potential additional 50 basis points cut by the end of the year, with further cuts of 25 basis points each year for the next two years [1] - Concerns about the Fed's independence have been raised, particularly in light of the current economic conditions and potential labor market deterioration [1] Group 2 - The resumption of the Fed's rate-cutting cycle is expected to improve global liquidity conditions, although the impact will depend on the pace of rate cuts and the relative policies of other major central banks [3] - The narrowing of the interest rate differential between China and the U.S. may alleviate depreciation pressure on the RMB, but the domestic economic fundamentals will remain crucial for foreign capital flows [3] - The dollar index is anticipated to face downward pressure due to the Fed's rate cuts and a cooling U.S. economy, potentially leading to passive appreciation of the RMB [3]

Core Points - The US dollar index increased on September 18, indicating a strengthening of the dollar against major currencies [1][2] Currency Exchange Rates - The dollar index rose by 0.49%, closing at 97.349 [2] - The euro was exchanged at 1.1779 dollars, down from 1.1835 dollars the previous trading day [2] - The British pound was exchanged at 1.3550 dollars, down from 1.3640 dollars the previous trading day [2] - The dollar was exchanged at 147.95 yen, up from 146.72 yen the previous trading day [2] - The dollar was exchanged at 0.7927 Swiss francs, up from 0.7886 Swiss francs the previous trading day [2] - The dollar was exchanged at 1.3807 Canadian dollars, up from 1.3771 Canadian dollars the previous trading day [2] - The dollar was exchanged at 9.3655 Swedish kronor, up from 9.2787 Swedish kronor the previous trading day [2]

Core Viewpoint - The ICE Dollar Index experienced an increase of 0.48%, closing at 97.334 points, indicating a significant upward trend throughout the day, despite a brief dip to 96.837 points earlier [1] Group 1 - The ICE Dollar Index reached a new high of 97.604 points after a notable rebound from a low of 96.218 points, which was the lowest level since early 2022 [1] - The Bloomberg Dollar Index rose by 0.42%, closing at 1195.77 points, with an intraday trading range between 1190.35 and 1197.39 points [1]

Core Viewpoint - The Federal Reserve has initiated its first interest rate cut of the year, reducing rates by 25 basis points, and anticipates two more cuts within the year due to increasing employment risks [2][3][5]. Summary by Sections Interest Rate Decision - The Federal Reserve lowered the federal funds rate target range from 4.25%-4.5% to 4.00%-4.25%, marking the first rate cut in nine months [5][6]. - The decision was widely expected by investors, with a 96% probability of a 25 basis point cut predicted by futures markets prior to the announcement [5][6]. Employment and Economic Outlook - The Fed's statement highlighted a slowdown in job growth and a slight increase in the unemployment rate, indicating a shift in risk balance [5][6][11]. - The updated median GDP growth forecast for this year is 1.6%, slightly higher than previous estimates, while the unemployment rate is projected to reach 4.5% by year-end [14][16]. Inflation and Economic Risks - Inflation remains a concern, with the PCE inflation rate expected to rise to 2.7% year-on-year in August, and core PCE inflation at 2.9% [16][17]. - The Fed acknowledges a dual risk scenario where employment risks are increasing while inflation has not been fully controlled, complicating policy decisions [18][19]. Market Reactions and Predictions - Market analysts predict that the S&P 500 index could rise by 0.5%-1% following the rate cut, although there may be a 3-5% pullback before the end of the month [20]. - Historical data suggests that both stocks and bonds typically perform positively around the time of the first rate cut, with stocks showing a median increase of about 5% in the 50 days following a cut [20].