CPT MarketsThe minutes of the Federal Reserve meeting reiterated the cautious attitude of the central bank! Market Expectations Beauty...

Today's Focus

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dollar/Cad (USDCAD)：

After a slight fluctuation at the close of Tuesday, the US dollar fell to1.3699Nearby, as the minutes of the Federal Reserve meeting reiterated the central bank's cautious attitude, stocks, bonds, and the US dollar remained almost unchanged.

Driven by the prosperity of artificial intelligence, the resilience of American companies, and the bet that the Federal Reserve will shift towards interest rate cuts next year, S&P500The market value of the index has increased6Trillion dollars, this upward trend requires the index to maintain a very flexible attitude as it is only a short distance from returning to historical highs. LPL FinancialanalystQuincy KrosbyThe surge in the market is entirely based on the market's belief that the Federal Reserve has completed its interest rate hike cycle and will2024Interest rate cuts will be implemented annually, but the Federal Reserve meeting will5%。 Miller Tabak + CoChief Market StrategistMatt MaleyThe stock market is once again pricing perfectly. Due to the current overbought level in the stock market being higher than the oversold level three weeks ago, with11Month end and12As the month approaches, the city minutes emphasize the latest information, and officials are still not ready to announce victory, and there are currently no plans to relax policies.

In terms of yesterday's financial event data, Statistics Canada announced10monthCPIThe monthly rate is3.1%and0.1%Excluding the core of food and energyCPIby2.7%and0.3%. In addition, the National Association of Real Estate Agents in the United States has announced10The annualized monthly rate of monthly housing sales has significantly declined compared to expectations-4.1% (Total number of reports37910000 households)This indicates a decrease in market demand for housing.

From the upward direction, the upper suppression(Upper resistance) 1.3690，1.3720； From the downward direction, the lower support1.3650。

euro/GBP (EURGBP)：

After a significant decline in the euro against the pound on Tuesday, it fell to0.8704Nearby, Deutsche Bank AGCommerzbankEconomists predict that if the European Central Bank explicitly states that it will lower key interest rates later and more significantly than the Federal Reserve, while core inflation rates continue to rise, the euro will gain further favorable winds. However, within the predicted time cycle, if inflation in the eurozone is seen as a sustained phenomenon, it is expected that the euro will weaken moderately again.

Societe GeneraleSociété GénéraleAccording to economists, we expect the average economic growth rate in the UK next year to be 0.6%, Eurozone is 0.8%, the United States is 0.9%. This is more optimistic than consensus, which believes that the UK's economic growth rate is only 0.4%This will make the UK economy perform worse than Sweden and become the slowest growing economy next year.

Compared to other countries, the UK economy has almost no room for negative surprises. In terms of monetary policy, the Bank of England and the Federal Reserve are concerned about next year 6 The implied pricing of the month has become more consistent, and it is expected to lower interest rates for the first time in the middle of the year. But considering the economic growth and inflation trends in the United States and the United Kingdom, the market may be too dovish towards the Bank of England. The GBP/USD has freed itself from the constraints of monetary policy expectations, and this early bullish trend is entirely due to 11 The weakness of the monthly US dollar. If the pound strengthens next, it may rise even higher.

From the upward direction, the upper suppression(Upper resistance) 0.8700，0.8740； From the downward direction, the lower support0.8660。

CPT MarketsRisk Tips and Disclaimers : The above article content is for reference only and is not intended as future investment advice.CPT Markets The articles published are mainly based on international financial data reports and international news as reference.