CPT Markets：FEDHawkish remarks have caused the US dollar to record four consecutive positive days! European Central Bank officials are concerned about the euro...

USD Index (DXY)：

The dollar index rose to105.94Nearby, due to Federal Reserve Chairman Powell pouring cold water on the dovish bets on Wall Street, the upward momentum of the US dollar has been supported.

Powell stated in an event at the International Monetary Fund that officials will not hesitate to tighten monetary policy if necessary. Although this is essentially a signal that several Federal Reserve spokespersons have been sending, it has caught the attention of investors, especially after the rise of the stock market and bonds. Powell's remarks also led traders to believe that the possibility of further interest rate hikes by the Federal Reserve was slightly higher, while reducing concerns about7Bets on interest rate cuts before the month. Evercore ISIanalystKrishna GuhaPowell's stern tone may be reasonably interpreted as an attempt to oppose further easing of financial conditions, suppress expectations of interest rate cuts, and retain the option of further rate hikes when needed. We believe that this does not represent a substantial shift in policy signals, but rather a correction in tone.

In terms of yesterday's financial event data, the US Department of Labor announced that as of10month28Rihe11month4The number of people applying for and renewing unemployment benefits for the current week has decreased compared to expectations21.7Wanhe rose to183.4Ten thousand people, reflecting the fluctuation of the labor force population with the dynamics of the job market.

From the upward direction, the upper suppression(Upper resistance) 105.90，106.20； From the downward direction, the lower support105.50。

euro/GBP (EURGBP)：

After a significant rise in the euro against the pound on Thursday, it rose to0.8729Nearby, due to the analysis of the policy outlook of the Bank of England by Capital Markets economists at Imperial Bank of Canada, it is expected that the pound will continue to be under pressure.

Boris, member of the Council of the European Central Bank and President of the Bank of Croatia-Wu Qiqi said in an interview that if our current predictions can be achieved, we will achieve a soft landing with low sacrifice rates, which means there will be no economic recession and unemployment rates will not rise significantly. We cannot be certain that we will maintain this situation until we achieve our goals, but in my opinion, an economic soft landing is still a core solution. Most economists at Wells Fargo believe that regardless of whether the eurozone will fall into recession, the economic growth of the eurozone has reached sufficient resistance, indicating that the European Central BankECBThe monetary tightening policy has ended. However, we believe that the European Central Bank still hopes to see potential inflation trends closer and maintained at 2%Only when the inflation target is close, will the monetary easing cycle begin with confidence.

In terms of UK interest rate policy, previously the Bank of England 10 At the monthly meeting, the interest rate was maintained for the second consecutive time at 5.25%. Capital Market Economists at Imperial Canadian Commercial Bank Analyze the High and Sustained Growth of UK Enterprises CPI Indicating that the Bank of England is a laggard in monetary easing policy, this highlights 2024 The macro performance of the year was poor. Macro data is weak and interest rate expectations are slowing down (we expect terminal interest rate expectations for the first quarter to be based on current levels) 7 The inevitable result of a basis point decrease is that the pound is expected to continue to decline before the end of the year.

From the upward direction, the upper suppression(Upper resistance) 0.8720，0.8770； From the downward direction, the lower support0.8680。

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.