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CPT MarketsThe number of Americans applying for unemployment benefits has risen for six consecutive weeks, suppressing the US dollar! Europe...

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CPT MarketsThe number of Americans applying for unemployment benefits has risen for six consecutive weeks, suppressing the US dollar! Europe...614 / author:CPT / PostsID:1726631




The dollar index fell to106.15Nearby, due to the consecutive number of unemployed people applying for unemployment benefits in the United States6The weekly rise has led to a weak and volatile downward trend in the US dollar.

Prior to the release of employment data, a report showed an increase in labor productivity in the United States3The largest increase in recent years will help alleviate the inflationary impact of recent wage growth. The number of people applying for unemployment benefits has been continuously ranked6The weekly increase indicates that the unemployed are finding it harder to find new jobs. Although the Federal Open Market Committee is open to taking additional policy actions to promote strong economic growth, Federal Reserve Chairman Powell speculates that a high level of treasury bond bond yields may instead help the central bank to maintain restrictive monetary conditions to eliminate excessive inflation in this business cycle. Tolou Capital ManagementanalystSpencer Hakimianexpress,FOMCSignaled the end of the interest rate hike cycle, coupled with the quarterly tax refund announcement from the US Treasury DepartmentQRAThe data in exceeded expectations, and we believe there are favorable factors on the US Treasury yield curve by the end of the year. In addition,Interactive BrokersanalystJose TorresAlthough Powell stated that there is currently no discussion on easing policy, market participants are betting that the Federal Reserve will complete its tightening policy, so there may be a rate cut in the near future.

In terms of yesterday's financial event data, the US Department of Labor announced that as of10month21Rihe10month28The number of people applying for and renewing unemployment benefits for the current week is higher than expected21.7Wanhe181.8Ten thousand people, reflecting a contraction in employment growth in the labor market. In addition, the US Department of Commerce has announced9The monthly rates of durable goods and industrial orders are lower than the previous period to4.6%And rise to2.8%。

From the upward direction, the upper suppression(Upper resistance) 106.10,106.60; From the downward direction, the lower support105.70。



euro/GBP (EURGBP):
CPT MarketsThe number of Americans applying for unemployment benefits has risen for six consecutive weeks, suppressing the US dollar! Europe...88 / author:CPT / PostsID:1726631




The euro rose against the pound on Thursday and fell back behind, but opened today for consolidation0.8710Nearby, due to the Bank of England maintaining bank interest rates at 5.25% No change. The Bank of England's attitude is somewhat hawkish, providing support for the pound.

On Thursday, the European Central BankECBBoard member Schnabel stated that the European Central Bank expects to2025Before the year, we suppressed inflation to2%However, achieving the last mile of deflation may be the most difficult to overcome, so the possibility of further interest rate hikes by the European Central Bank cannot be ruled out. In addition, the voting results of the UK Monetary Policy Committee are based on 6 than 3 The proportion leans towards hawks and decides to maintain the bank interest rate at 5.25% The pound remained unchanged, while the recent inflation situation was raised, and it was supported by a boost. Mervyn King Bailey At the Bank of EnglandBoEAfter deciding to maintain policy interest rates unchanged, a monetary policy report was released stating that currently there is a long way to go to curb inflation, and the Middle East events have indeed brought uncertainty, which may lead to an increase in energy prices.

Yesterday's financial event data was released by the German Bureau of Statistics10Monthly unemployment rate as expected5.8% (The number of reported unemployed individuals has risen to3ten thousand people)This reflects the weakening of the employment market in the country. However, in terms of positive data, market research institutionsMarkitAnnouncement of the Eurozone10Monthly manufacturing industryPMIUp to expectations43.1Among them, the manufacturing data in Germany and France showed a particularly upward trend, exceeding expectations40.8and42.8, showing a slight increase in manufacturing activity.

From the upward direction, the upper suppression(Upper resistance) 0.8710,0.8760; From the downward direction, the lower support0.8670。

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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