CPT MarketsUS Q4 ActualGDPLower than expected suppression of the US dollar! Germany3...

USD Index (DXY)：

After a slight decline in the US dollar index on Thursday, it opened for consolidation today102.19Nearby, due to the fourth quarter of the United StatesGDPNot as expected, which in turn led to a weak and volatile downward trend in the US dollar.

Thursday Federal Reserve Balgin Speaking at the event, it was stated that the challenge in assessing the economic situation lies in balancing the recent strong data with the potential weakness caused by the banking system. He believes that there is still inflation risk, but if the credit squeeze causes the economy to slow down faster than expected, policymakers must be flexible and adaptable. If we retreat too early on the issue of inflation, it will make a comeback, and the Federal Reserve will have to take more action, causing greater harm. We do not want to take risks when inflation remains high and widespread. Balgin believes that there may be many possible outcomes in the future, and if inflation remains high, the Federal Reserve may continue to push up interest rates. Balkin stated that after a few bank failures triggered financial turmoil, deposit flows seemed relatively stable. It is too early to determine whether the instability of the banking system will lead to a contraction in credit.

In terms of financial event data yesterday, the United States Department of Commerce announced the actual situation of the fourth quarterGDPThe annualized quarterly rate has decreased to2.6%And the corePCEThe price index has slightly increased to4.4%This reflects the shrinking economic development of the country. In addition, the US Department of Labor has announced that as of3month18Rihe3month25The number of people applying for and renewing unemployment benefits for the current week has increased compared to expectations19.8Wanhe168.9Ten thousand people, indicating frequent job market turnover.

From the upward direction, the upper suppression(Upper resistance) 102.10，103.60； From the downward direction, the lower support101.70。

euro/pound (EURGBP)：

The euro fell to a low of0.8799Nearby, due to German inflation data boosting the euro, the pound is set to hit11The strongest monthly performance since the beginning of the month, but overall inflation in the UK shows no signs of slowing down.

The European Central Bank has clearly stated that future interest rate hikes will depend on economic data, starting from7Since the beginning of the month, the central bank has raised its key deposit interest rate350Bps to3%Strive to curb the rapidly rising inflation. The price trend of the pound seems to be supported by its better tone in other currencies related to risk, and the Bank of England's continued interest rate hike cycle should provide some additional support for the pound, although the Bank of England may be approaching its peak interest rates.

In terms of yesterday's financial event data, the Eurostat announced the Eurozone3The overall decline in various prosperity indicators for the month, including the decline in economic prosperity to99.3The decline in industrial prosperity-0.2The prosperity of the service industry has declined to9.4This reflects a retreat in consumer and business expectations for the future economy and consumption in Eurozone countries, while the Eurozone3The monthly consumer confidence index remained at-19.2This highlights the bearish outlook on the economy and personal income prospects. In terms of inflation data, the German Federal Bureau of Statistics has released3monthCPIThe monthly rate is higher than expected until7.4%and0.8%Reconcile the year-on-year increase in monthly rate to7.8%and1.1%, indicating an increase in inflation in the country. Against the backdrop of declining energy prices, Germany3The monthly inflation rate has significantly slowed down, but it is still higher than expected, which increases the pressure for the European Central Bank to further tighten monetary policy.

From the upward direction, the upper suppression(Upper resistance) 0.8790，0.8820； From the downward direction, the lower support0.8750。

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.