CPT Markets: The US debt ceiling negotiation ended fruitlessly! The European Central Committee is expected to raise interest rates...

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USD Index (DXY)：

After a significant increase in the US dollar index on Tuesday, it rose to101.60Nearby, the market believes that the US debt ceiling negotiation will not make a breakthrough immediately, and they expect that the new inflation data can more clearly reflect the economic outlook and the possible path of the Federal Reserve to increase interest rates.

Majority Leader in the United States Senate Schumer After the White House stated that there has been no progress in the key debt ceiling negotiations, American Chamber of Commerce officials also expressed disappointment at the lack of progress in the negotiations. However, according to Reuters reports, the President of the United States Biden I am glad that the leaders of Congress will meet again. Fed Governor Jefferson Despite continuing to grow, the US economy is slowing in an orderly manner, driving inflation down. Chairman of the New York Fed Williams Inflation is still too high, but tightening credit should slow down the economy or reduce the intensity of further actions by the Federal Reserve. At the same time, the market is also paying attention to the development of the US banking industry. A survey released by the Federal Reserve on Monday showed that banks tightened their credit standards in the first few months of this year.

In terms of yesterday's financial event data, the United States4monthNFIBAnnounced a drop in small business confidence index compared to expectations89This reflects a decrease in the confidence of the country's enterprises in the future economic prospects. In addition, the Red Book Research Institute in the United StatesRedbook ResearchStatistics as of5month6The annual rate of commercial retail sales for the current week has dropped to1.3%This reflects a weakening market demand for retail goods.

From the upward direction, the upper suppression(Upper resistance) 101.60，102.00； From the downward direction, the lower support101.20。

euro/pound (EURGBP)：

After a slight decline in the euro against the pound on Tuesday, it fell to0.8687Nearby, due to the Bank of England announcing its interest rate resolution on Thursday, the pound will remain volatile. It is expected that Bank of England Governor Bailey will further raise interest rates25Bps to4.50%。

On Monday, a hawkish member of the European Central Bank's Management Committee and Governor of the Central Bank of Latvia Kazakhstan Says that the market should not expect the European Central Bank, as most economists currently predict, to7The month ends this unprecedented cycle of interest rate hikes. I don't think the final path is clear yet. We still have quite a bit of work to complete, and further interest rate hikes are necessary to curb inflation. Subsequently, on Tuesday, members of the Executive Committee of the European Central Bank Schnabel stayHessischer KreisIn a lecture, it was stated that the European Central Bank will have to take further measures to bring inflation back to its target. The slowdown in interest rate hikes allows the European Central Bank to assess the impact of its measures. Schnabel made it clear that core inflation has not experienced a reversal like overall inflation. Schnabel said it is impossible to lower interest rates in the foreseeable future.

In terms of financial event data yesterday, French customs announced that France3The monthly trade account improved to-80.23100 million euros, import value585.11More than 100 million yuan for exports504.88Despite a significant decrease in imports compared to the previous period, the net outflow of funds is still in the form of a trade deficit. In addition, the British Retail AssociationBRCpublish4The monthly same store and overall retail sales annual rate is generally higher than the previous period to5.2%and5.1%The increase in retail sales indicates an increase in consumer spending, which is beneficial for the economy.

From the upward direction, the upper suppression(Upper resistance) 0.8680，0.8720； From the downward direction, the lower support0.8640。

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.