CPT Markets: US Q3GDPStrong rebound boosts hawkish stance! The European Central Committee is in charge of...

USD Index (DXY)：

After the US dollar index closed with mixed gains and losses on Thursday, it opened for consolidation today106.58Nearby, near AmericaGDPThe third quarter economic data was stronger than expected, indicating that the Federal Reserve will maintain a hawkish stance.

Head of Multi departmental Fixed Income Investment at Goldman Sachs Asset ManagementLindsay RosnerFor11The Federal Reserve of the MonthFOMCMeeting, this data does not have the possibility of changing interest rate decisions. RosnerIt is believed that interest rates may remain at the current level, but will not be further raised. Head of Model Portfolio Construction at Morgan Stanley Global Investment OfficeMike LoewengartIt is stated that although the Federal Reserve may not change interest rates next week, the economic data released today is stronger than expected, which also means that the Federal Reserve will maintain a hawkish stance, that is, maintain a tendency towards high interest rates.

In terms of financial event data yesterday, the US Department of Commerce announced the actual results for the third quarterGDPThe annualized quarterly rate has increased to4.9%This reflects a boost in the country's gross domestic product. And core personal consumption expenditurePCEThe price index is lower than expected until2.4%, showing a slight easing in inflationary pressure. In addition, the US Department of Labor has announced that as of10month14Rihe10month21The number of people applying for and renewing unemployment benefits for the current week has increased compared to expectations21Wanhe179Ten thousand people indicate that the growth of the labor market has been weak. On the other hand, the US Bureau of Business Statistics has announced9The monthly wholesale inventory rate is higher than the previous period to0%This indicates that retailers are facing lagging consumer demand and unwillingness to purchase goods.

From the upward direction, the upper suppression(Upper resistance) 106.50，106.90； From the downward direction, the lower support106.10。

euro/GBP (EURGBP)：

After a significant decline in the euro against the pound on Thursday, it fell to0.8704Nearby, the European Central BankECBAfter maintaining interest rates unchanged due to deteriorating economic prospects in the eurozone, the trend reversed on Thursday. Despite the bleak economic outlook in the UK, the data has once again raised concerns about stagflation.

Earlier, the European Central Bank decided to suspend the tightening cycle and maintain deposit rates at 4% It remains unchanged, but it is also mentioned that if the inflation rate is maintained at the current level for a long time, it may be sufficient to suppress inflation2%The target level. After the European Central Bank's interest rate decision, the President of the European Central Bank Lagarde She stated that the Eurozone (EU) economy is weakening, but added that inflationary pressure remains high and may worsen due to the Middle East crisis, and the European Central Bank will continue to rely on data. Regarding the issue of reducing the balance sheet, Lagarde stated that she has not yet made an emergency purchase plan to reduce the pandemic in advancePEPPDiscuss.

Regarding yesterday's financial event data, the UK Federation of IndustriesCBIpublish10The monthly retail sales difference has significantly decreased compared to the previous period-36Expected index to decline year-on-year to-13A retail sales difference below zero indicates a decrease in consumer spending, which is detrimental to economic growth, as households struggle during periods of high inflation and declining economic growth. In terms of employment data, Spain's unemployment rate in the third quarter increased to11.84%This indicates that the labor and employment market in the country is somewhat weak.

From the upward direction, the upper suppression(Upper resistance) 0.8700，0.8750； 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.