CPT Markets: USA11monthADPThe labor market is weak! Retail sales in the Eurozone...

<span]Today's Focus

today(12month07day)At the opening of the Asian market, the US, Japan, and Canada currencies rose, while other currencies generally fell; The price of gold has risen, butcrude oilIt is showing a downward trend.foreign exchangeAspect: The US dollar index has risen to104.13； The euro fell against the US dollar to1.0768； The pound fell against the US dollar to1.2562； The US dollar fell against the Japanese yen to147.08； The US dollar fell to1.3591; AUD/USD consolidation0.6553Nearby. In terms of precious metals:goldRising to USD2029.12。 In terms of crude oil: Brent crude oil fell to74.71。

USD Index (DXY)：

After a slight increase in the US dollar index on Wednesday, it opened today with a rise of104.13Nearby, the US dollar stabilized on Thursday after reaching its highest point in three weeks.

Federal Reserve policymakers will hold their final meeting of the year next week. Although it is expected that the federal funds rate target will not change, they plan to release quarterly forecasts, which may change market expectations. Due to weaker than expected economic data, these bets have been inclined towards adopting more accommodative policies next year. In addition, US Treasury bonds remained largely unchanged on Thursday, with the rise in long-term bonds from the previous trading day expected to10The yield of the one-year treasury bond bond was pulled to4.1%, for8The lowest level since the beginning of the month. In policy sensitive areas2The yield of one-year treasury bond bonds climbed slightly to4.6%Afterwards, short-term US Treasury bonds remained almost unchanged in early Asian trading. The Australian bond yield followed the decline of US bonds and slightly declined.

In terms of data from yesterday's financial events, American automatic data processing companiesADPpublish11The monthly employment changes have decreased compared to expectations10.3Wan, reflecting a decline in labor employment growth, indicates a weak job market. Regarding this,Boock ReportAuthor ofPeter BoockvarThe slowdown in recruitment is still ongoing and becoming more pronounced. What I am most concerned about now is the trajectory of economic activity. What I am seeing is a slowdown in multiple regions, including the current labor market. In addition, the United States Bureau of Economic Analysis has announced10The monthly trade account has decreased to-643Billion US dollars, import value3230More than 100 million for exports2588The net outflow of funds shows a trade deficit of billions of US dollars.

From the upward direction, the upper suppression(Upper resistance) 104.10，104.50； From the downward direction, the lower support103.70。

euro/GBP (EURGBP)：

After a significant surge in the euro against the pound on Wednesday, it rose to0.8573Nearby, despite the rise in the euro market, weak economic data in the eurozone has limited the upward space for the euro.

Earlier on Wednesday, the market fully digested the European Central Bank's interest rate cut next year6second25The impact of one basis point will lower the key interest rate2.5%. Despite a slight decrease in bets later that day, Deutsche Bank revised its outlook to a rate cut150A basis point has stimulated the sentiment of the dove faction. TD SecuritiesInterest rate strategistPrashant NewnahaIndicating that inflation concerns are fading. Central banks around the world believe that they have clearly done enough and may need to lower interest rates, otherwise real interest rates may be too high and restrictive. At the same time, the Bank of England has increased its short selling of US bonds by hedge fundsfuturesThe warning intensity stated that its net position measurement standard is currently higher than2020year3The monthly urgent need for cash is at the level before the crisis. The Bank of England cited data from the Commodity Futures Trading Commission to calculate that net short positions have changed from7About the month6500Increase to 100 million US dollars8000USD100mn This indicates a surge in so-called basis trading, as the market seeks to exploit the price difference between futures and bonds.

In terms of yesterday's financial event data, the EurostatIstatAnnouncement of the Eurozone10The monthly retail sales month to month rate has dropped from expectations to-1.2%and0.1%This reflects a weakening demand for retail goods in the overall market of Eurozone countries. In addition, the Federal Bureau of Statistics of Germany has announced10The monthly industrial order rate is significantly lower than expected-3.7This indicates a contraction in manufacturing activity in the country.

From the upward direction, the upper suppression(Upper resistance) 0.8570，0.8610； From the downward direction, the lower support0.8540。

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.