CPT MarketsPowell takes a cautious stance! The market abandons the June interest rate cut, causing the US to...

dollar/Japanese yen(USDJPY)：

Over the past two weeks, in US dollars/The Japanese yen has been in use for a long time 151.000The narrow range fluctuation is due to the intervention threat from the Japanese authorities, which makes bulls timid, while the stronger than expected US data suppresses bears and keeps them at bay.

G-10foreign exchangeGlobal Head of StrategyThanos VamvakidisRepresented in US dollars/The next trend of the Japanese yen has always been the subject of many speculations, but the most important factor is the Federal Reserve(Fed)Action.

The Japanese yen continues to consolidate within a critical pressure range and is currently waiting for a clear direction on the market after the release of non farm news this Friday.

Resistance level: 151.763 support level:151.070。

euro/dollar(EURUSD)：

The euro against the US dollar hit a multi week low on Wednesday1.0720After rebounding nearby1.0765Nearby, there was a slight decline. US dollar index(DXY)fall drastically105.00The checkpoint provides some support for major currency pairs.

However, Tuesday's weak German inflation data triggered the European Central Bank(ECB)The speculation of interest rate cuts has put pressure on the euro. Investors are waiting for the Eurozone3Monthly inflation data and the United StatesISMThe Service Industry Purchasing Managers Index is seeking new impetus.

The euro has been continuously testing its upward pressure position in recent days, and we are paying attention to whether there is a chance for it to continue to decline.

Resistance level:1.08050 support level:1.07306。

USD Index(USDX)：

USD Index(DXY)Trading on104.95Slight decline. Joint Advisory Committee(Fed)The economic data has sent a signal of the stability of the US economy, which has led the market to6Confidence in monthly interest rate cuts has declined. This week's labor data will continue to simulate these expectations.

Due to the cautious attitude of the Federal Reserve under Powell's leadership, the US economy has remained resilient. Despite predicting an increase in inflation rates, the Federal Reserve is avoiding a fierce response to temporary price spikes. The possible start of the monetary easing phase in June depends on future economic data. Several spokespersons for the Federal Reserve will be interviewed by phone on Tuesday.

The US dollar index has fallen back to its previous high on the daily chart. Currently, we are looking to see if it will break down and make a larger pullback after its first phase of downward support.

Resistance level: 105.108 support level:104.445。

Dow Jones index(US30)：

On Tuesday, Wall Street's main focus was onstock market indexFalling for the second consecutive day. Dow Jones Industrial Average(DJIA)Due to strong US factory orders andJOLTSLeading position due to job vacancy data.

Recent data from the United States confirms that the strong economic outlook and tight labor market are far from ideal for starting to reduce borrowing costs. Chairman of the Cleveland Federal Reserve BankLoreta MesterOn Tuesday, she promised to lower interest rates this year, but she did not specify any specific time. Due to investors giving up hope of a rate cut in June, this led to a rise in US yields and the US dollar, causing a sharp drop in the stock market.

The Dow Jones Industrial Average has currently tested the support below and will further fill the gap within the day. We will monitor whether it can effectively hold onto the support, which may lead to another upward trend.

Resistance level: 39889.93 support level:39054.97。

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.