CPT Markets: USA12Strong monthly housing market data supports the US dollar! Rising inflation in the UK...

USD Index (DXY)：

After the US dollar index closed with mixed gains and losses on Thursday, it opened for consolidation today103.38Nearby, the rise of some of the world's largest technology companies has driven the stock market rebound, and traders are also weighing the latest economic data and speeches from Federal Reserve officials to find clues about the next steps of the Federal Reserve.

While Federal Reserve officials are considering interest rate cuts and seeking signs of economic slowdown, stock traders are not concerned about data highlighting the strength of the labor market. Atlanta Fed President Raphael Bostic Urge policy makers to act cautiously and consider the potential impact of unpredictable events, from elections to global conflicts. Philadelphia Fed Chairman Patrick Huck expects inflation to continue to decline towards the target level. Independent Advisor AllianceanalystChris ZaccarelliIt is difficult to hold an overly pessimistic attitude towards the market at present, considering the basic strength of the US economy. The widespread pessimism and skepticism towards the stock market and economy is an abnormal signal and one of the best reasons for investing against the trend. Once the last skeptic shifts, the market will once again be vulnerable to significant shocks, but we have not yet reached that point.

In terms of yesterday's financial event data, the US Department of Commerce announced12The monthly construction permit and the annualized monthly rate of new housing construction are both higher than expected1.9%and-4.3% (Total number of reports149.5Wanhe14610000 households)This reflects a boost in market demand for housing. In addition, the Federal Reserve of Philadelphia in the United States has announced1The monthly manufacturing index fell below expectations-10.6This indicates that the manufacturing industry in the area has declined. In terms of employment data, the US Department of Labor has released data as of1month6Rihe1month13The number of people applying for and renewing unemployment benefits for the current week has decreased compared to expectations18.7Wanhe180.6Ten thousand indicates an improvement in the labor employment market.

From the upward direction, the upper suppression(Upper resistance) 103.30，103.70； From the downward direction, the lower support102.90。

euro/pound (EURGBP)：

After a significant decline in the euro against the pound on Thursday, it fell to0.8563Nearby, the pound rose due to optimistic UK inflation data and market risk appetite.

In the context of rising airfare prices and slight inflation in the service industry, the annual rate of the UK Consumer Price Index has increased from 11 Of 3.9% Ascend to 4.0%, weakening market support for the Bank of EnglandBOEThe expectation of early interest rate cuts. The above UK inflation indicators have accelerated for the first time in ten months. Former decision maker of the Bank of England Michael Sanders It is not believed that the latest data contradicts the broader potential decline in inflation. Nevertheless, traders are still reducing their bets on the prospects of the Bank of England's interest rate cuts. The market has pushed the Bank of England 5 Monthly downward adjustment of borrowing and lending costs25The probability of one basis point starting from Tuesday's 80% lower 50%. This provides some support for the pound, becoming a favorable trend for the pound currency pair.

In the Bank of England's credit status survey, the institution expects the default rates of mortgage and unsecured loans to increase in the first quarter of this year. Due to the deepening cost of living crisis, individuals are striving to cope with higher interest obligations. In the Eurozone, due to the President of the European Central Bank Lagarde She expects to make a rate cut decision by the end of summer as inflation rates remain higher than the European Central Bank's expectations.

From the upward direction, the upper suppression(Upper resistance) 0.8560，0.8600； From the downward direction, the lower support0.8520。

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.