In September, the US Markit service industry expanded at its slowest rate in a year; the initial value of the US IHS Markit service industry PMI in September fell to 54.4. Although it was higher than the watershed between prosperity and contraction for 14 consecutive months, it hit a new low since July 2020. The final value in August is 55.1.The Republican Party in the United States refused to cooperate with the Democratic Party, and Pelosi promised to avoid a government shutdown.The Biden administration is considering slashing biofuel requirements; a document shows that the U.S. Environmental Protection Agency under Biden is considering slashing biofuel blending requirements across the country.The Bank of England kept the scale of bond purchases and interest rates unchanged; the Bank of England expects GDP growth in the third quarter to be 2.5% lower than the pre-epidemic level.In the European market, the Swiss National Bank's September interest rate decision was as scheduled to maintain the stability of the current deposit rate at -0.75%. The short-term reaction of the US dollar against the Swiss franc was relatively flat, and it is currently trading at the 0.9255 line.531 new cases of new coronary pneumonia were confirmed in Tokyo, Japan.market volatilityThe U.S. dollar index fell 0.39% to close at around 93.10. Data showed that the number of Americans filing for unemployment benefits unexpectedly increased last week due to a surge in California applications, and the dollar received little support from the data. Implied volatility across currencies and maturities fell across the board as risk appetite improved; 10-year U.S. Treasury yields jumped 13 basis points to 1.43%.The euro rose 0.44% to close around 1.1739. The previous option of about 4.1 billion euros with a strike price of 1.1700 expired; traders pointed out that there is strong resistance above 1.1750, and the default selling order is set at 1.1770.Sterling rose as much as 1% to close around 1.3751 as UK government bond yields rose after the BoE rate decision.USDJPY rose 0.50% to 110.33, driven by short covering and cross-correlated buying; New York traders noted that hedges above 110.50 could slow the advance.Spot gold fell more than $30 at one point, hitting a low of $1,738.12 an ounce since August 11, affected by rising U.S. bond yields and investors favoring risky assets as investors continued to prepare for an earlier-than-expected rate hike by the Federal Reserve . COMEX December gold futures closed down 1.6 percent at $1,749.80 an ounce, the lowest closing level in more than six weeks.Brent crude oil futures rose to their highest settlement in nearly three years, as the global energy crisis made crude oil more likely to be used for power generation while inventories fell. Global benchmark crude futures rose 1.4% on Thursday to close at their highest level since October 2018; U.S. crude futures rose. 1.5% WTI November crude oil futures closed up $1.07, or 1.48%, to $73.30/barrel; Brent November crude oil futures closed up $1.06, or 1.39%, to $77.25/barrel, the highest since October 2018 Closed at a new high.CWG Market Outlook ForecastOn this trading day, New Zealand’s trade balance, UK Gfk consumer confidence index and Japan’s national CPI annual rate data are released during the Asian session; the German IFO business climate index and the UK’s CBI retail sales difference are released during the European session; during the US session, the US new home sales year The total number of chemicalization will also be announced, and it is worth watching closely.Institutional analysisUnited Overseas Bank technical analysis believes that the euro may fall to 1.1665 against the US dollar in the next few weeks. The previous day thought that the exchange rate may fall, but it is unlikely to continue to fall below 1.1700, emphasizing resistance at 1.1740, and then 1.1755, which surged to a high of 1.1755 overnight , and then quickly fell back to a low of 1.1682. Despite the rapid decline, the downward momentum has not been strengthened, and there is still a downside risk, but it may not be able to touch the strong support level of 1.1665 within the day. On the upside, the initial resistance is at 1.1710, and then 1.1725.Specific commodity support pressure levelfinancial knowledgeCWG MarketsNew home sales in the United States in August (annualized monthly rate): The U.S. Department of Commerce announced that new home sales data occupy an important position in the sales category, which directly reflects the prosperity of the real estate market. U.S. new home sales include only sales of new single-family homes; sales of multi-unit homes are not included in the calculation. Only new home sales where both the house and the land are sold are counted, and only new homes under construction that are sold or built for sale are included in the data. Homes built for rental, owner-occupied, and contractor-built on owned land are excluded from the index. If the data released is better than expected, it will be good for the dollar; otherwise, it will be bad for the dollar.