CPT MarketsCoinciding with the Christmas holiday, the trading volume in the foreign exchange market is light! The Federal Reserve and the United Kingdom...

Today's Focus

today(12month27day)At the opening of the Asian market, the British and European currencies fell, while other currencies generally rose; The price of gold has risen, butcrude oilIt is showing a downward trend.foreign exchangeAspect: The US dollar index has risen to101.73； The euro fell against the US dollar to1.1011； The pound fell against the US dollar to1.2693； The US dollar fell against the Japanese yen to142.38； The US dollar fell to1.3252; The Australian dollar rose against the US dollar to0.6804。 In terms of precious metals:goldRising to USD2063.23。 In terms of crude oil: Brent crude oil fell to78.63。

dollar/Japanese yen (USDJPY)：

After a slight fluctuation at the close of Tuesday, the USD/JPY fell to142.38Nearby, if the currency pair remains below200The daily moving average suggests that selling pressure may begin to accumulate momentum, ultimately leading to a decline to12Monthly low point140.95Lay the foundation.

With the arrival of the Christmas holiday and a decrease in market trading enthusiasm, the US dollar is facing a lack of liquidity/The Japanese yen may stabilize at142.45Horizontal on both sides. Obviously, the US dollar/The Japanese yen is recovering from Friday's losses, compared to last Friday's US dollar/The Japanese yen has fallen to141.85Support position. At present, the US dollar against the Japanese yen is still affected by the shift in central bank policy direction, with the Bank of Japan closest to tightening policy after a long wait, and the Federal Reserve also doing the same. On the other hand, the Federal Reserve hinted at its last meeting that it is preparing to lower US interest rates next year. In terms of economic data, the Bank of Japan has decided to maintain key interest rates-0.1%Constant, in line with expectations. In addition, Japan11Monthly commodity exports decreased year-on-year0.2%, lower than expected1.5%; Year-on-year decrease in imports11.9%A decrease below expected value8.6%；11The monthly trade balance of goods is-7769Billion yen, higher than expected-9624100 million yen.

Yesterday's financial event data was released by the Japanese Ministry of General Affairs11Monthly unemployment rate as expected and maintained at2.5%This reflects that the growth of the labor employment market remains at a fixed level. In addition, the Chicago Federal Reserve announced11The monthly national activity index fell below expectations0.3%, indicating a slowdown in the cost of housing prices. Subsequently, the Federal Reserve Bank of Dallas, USA announced12The monthly manufacturing activity index has improved compared to the previous period-9.3This reflects that the growth of manufacturing activities has expanded, but overall it is still in a state of contraction.

From the upward direction, the upper suppression(Upper resistance) 142.30，142.70； From the downward direction, the lower support141.90。

euro/GBP (EURGBP)：

After slightly rising against the pound on Tuesday, the euro rose to0.8676Nearby, the recent market is still supported by hawkish comments from the Bank of England, but based on the previous discussion (political uncertainty and economic difficulties in the UK), it may challenge the pound.

In order to curb rampant inflation, both the Federal Reserve and the Bank of England have extended their tightening cycles, but there has been a role reversal this year. Compared to the previous year's active interest rate hike, the Federal Reserve has become quite passive. In contrast, the Bank of England maintains hawkish rhetoric, reiterating the need to further tighten monetary policy if there is evidence of sustained inflationary pressures. since2022year3Implemented monthly11After the second interest rate hike, the Federal Reserve will6The monthly interest rate hike path has been suspended,2023The total annual interest rate hike is1One percentage point. However, in the7After the monthly meeting, the Joint Preparatory Committee held a meeting2023The last interest rate hike of the year will maintain the policy target interest rate for the remaining time of the year at5.25%-5.50%Between, for22The highest level in over a year. Concerns about the lagging impact of monetary policy on the economy, cooling inflation, and loose labor market conditions have forced the Federal Reserve to abandon hawkish rhetoric and pave the way for a rate cut next year.

In contrast, the Bank of England9 The month has ended consecutively14 The second interest rate hike will shift the benchmark bank interest rate from0.10%Up to2021 year12 Month to2023 year8 Monthly15 Annual high point5.25 %. stay 6 At the month's meeting, the Bank of England unexpectedly raised interest rates to market expectations0.5One percentage point, citing important news indicating that the persistently high inflation rate in the UK will take longer to decline. The Bank of England announced on 8 Monthly interest rate increase 25 One basis point, and then stick to it for the remaining time of the meeting Maintaining interest rate hikes for a longer period of time"Our position. The Bank of England has jointly implemented 175 A basis point interest rate hike.

From the upward direction, the upper suppression(Upper resistance) 0.8670，0.8700； From the downward direction, the lower support0.8630。

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.