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CPT Markets:U.S.A8Strong monthly terrorist data boosts the US dollar! The European Central Bank unexpectedly added...

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CPT Markets:U.S.A8Strong monthly terrorist data boosts the US dollar! The European Central Bank unexpectedly added...278 / author:CPT / PostsID:1725903
The dollar index rose to105.40Nearby, strong economic reports have once again sparked speculation in the market that the Federal Reserve will be able to achieve a soft landing even if it maintains high interest rates for a longer period of time.

OandaSenior Market Analyst for the AmericasEdward MoyaAnother round of impressive US economic data indicates that consumer conditions are still good. As consumer resilience gradually weakens, Wall Street seems satisfied with the risk of the Federal Reserve raising interest rates again. In addition,FHN FinancialMacro StrategistWill CompernolleThere are still signs of economic overheating, which will encourage Fed hawks to believe that the current strong growth will lead to higher inflationary pressures. The possibility of the Federal Reserve keeping interest rates unchanged next week is still high, but the dot matrix shows another rate hike later this year.

In terms of yesterday's financial event data, the US Department of Commerce announced8The monthly retail sales rate has increased to2.47%and0.6% (newspaper6975.57USD100mn)The core monthly rate has increased year-on-year to0.6% (newspaper5640.27USD100mn)Reflecting the growing demand for retail goods in the market. In addition, the US Department of Labor has announced that as of9month2Rihe9month9The number of people applying for and renewing unemployment benefits for the current week has decreased compared to expectations22Wanhe168.8Ten thousand people, indicating an improvement in the labor and employment market. In terms of inflation data, the US Labor Office has released8monthPPIThe monthly rate has increased to1.6%and0.7%The core monthly rate is expected to be2.2%and0.2%This reflects an increase in overall production material costs.

From the upward direction, the upper suppression(Upper resistance) 105.40,105.90; From the downward direction, the lower support105.00。
euro/GBP (EURGBP):
CPT Markets:U.S.A8Strong monthly terrorist data boosts the US dollar! The European Central Bank unexpectedly added...734 / author:CPT / PostsID:1725903
After a significant decline in the euro against the pound on Thursday, it fell to0.8576Nearby, due to the market's belief that the European economy is slowing down and bets that the European Central Bank will hold still after raising interest rates on Thursday, the pound followed the decline of the euro.

OandaSenior Market Analyst for the AmericasEdward MoyaAs consumer resilience gradually weakens, Wall Street seems satisfied with the risk of the Federal Reserve raising interest rates again. Although the economic growth in the United States remains strong, the outlook for Europe remains pessimistic as the risk of stagflation increases. In addition, due to8Strong monthly wage growth momentum for the Bank of England9The monetary policy decision of the month laid a hawkish tone, and the pound hit a new low in four months. Although the market hopes that the Bank of England's hawkish interest rate decision will resolve its policy differences with the Federal Reserve, the pound still fell significantly. Due to the Bank of England's restrictive interest rate policy stance, the UK economy is facing various troubles, such as strong wage growth and a slowdown in labor market demand. Due to the deteriorating demand environment, overall output is shrinking, and the outlook for the UK economy is becoming fragile. The likelihood of a technical recession in the UK economic report is higher as the Bank of England is already preparing to further raise interest rates.

In terms of yesterday's financial event data, the European Central BankECBAnnouncement of the Eurozone9Unexpected increase in monthly interest rate changes compared to expectations25Bps to4%-4.75%Achieve the tenth consecutive interest rate hike.

From the upward direction, the upper suppression(Upper resistance) 0.8570,0.8610; From the downward direction, the lower support0.8530。

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.



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