Zhang Wende: The Federal Reserve maintains interest rates unchanged, causing a sharp drop in the US index and significant fluctuations in non US stocks

Afternoon Eastern Time2Point (Thursday morning Beijing time)2Point) Federal ReserveFOMCAnnounce interest rate resolutions and policy statements.FOMCStatement: The Federal Reserve has decided to maintain interest rates unchanged. This decision is in line with expectations. After the announcement, the US dollar index plummeted rapidly, spot gold and silver rose in the short term, and non US currencies experienced significant fluctuations.FOMCReiterating the positive upward trend of inflation2%We will start the process of normalizing the balance sheet relatively quickly.
This timeFOMCThere are two wording changes in the statement that the market is most concerned about. Firstly, it is important toChange in description of inflation, deleted “Recent decline”The words, believed to be“whole”12The inflation rate indicators for the past month have all been declining, and the core inflation rate has been removed“Generally speaking”lower than2%The statement acknowledges that weak inflation has become a relatively persistent phenomenon since the beginning of this year, with both overall inflation and core inflation excluding food and energy prices being lower than the Federal Reserve2%The inflation target. But this one“Pigeon Pie”The remarks have been included in the market's expectations. Secondly, regarding the policy of reducing balance sheets, this month's Federal Reserve meeting has clearly released signals that a reduction in balance sheets is imminent, no longer like6The month is only expected to take action in a vague manner this year, and the description of the schedule reduction time is provided by“this year”become“Relatively fast”。
according toCMEFederal Reserve Observation:FOMCBefore the statement, the Federal Reserve9Monthly interest rate increase25Bps to1.25%-1.5%The probability of the interval is8.2%，12The probability of monthly interest rate hikes reaching this range is42.9%。FOMCAfter the statement, the Federal Reserve9Monthly interest rate increase25Bps to1.25%-1.5%The probability of the interval is8.2%，12The probability of monthly interest rate hikes reaching this range is45.1%。

Today's Key Focus on Financial Data and Events2017year7month27day Thursday
① 14:00 Germany8monthGfkConsumer confidence index
② 18:00 britain7monthCBIRetail sales difference
③ 20:30 From the United States to7month22Number of initial claims for unemployment benefits in the current week, United States6Monthly rate of durable goods orders
④ 22:30 From the United States to7month21Day and WeekEIANatural gas inventory

Technically speaking
The euro against the US dollar experienced significant fluctuations yesterday, with the highest being1.1747Currently, looking at it for four hours, it is still bullish. It is recommended to wait for a retracement until1.1680When nearby, light positions can intervene in multiple orders and stop losses30Points.

The pound against the US dollar was affected by the US dollar, reaching a maximum of1.3135Today, it is recommended to follow1.3110On the front line, if not broken, light positions can intervene in multiple orders and stop losses near it30Points.

goods in stockgoldAffected by the sharp decline of the US index, the highest rose to1263.8Today, it is recommended to step back to1258Continue to intervene in long positions with light positions nearby, stop loss30Points.

The above suggestions are for reference only and do not serve as a basis for making orders. The foreign exchange market carries risks, and investment needs to be cautious.