The upturn in German economic data boosted euro confidence, but overall weakness remains. UK wages data is relatively weak, and the Bank of England may not move much this week, and the pound continues to struggle with the impact. The NZD was muted after the release of the data, and the market awaited the outcome of other events this week. Forex
In terms of US dollar analysis, the non-seasonally adjusted CPI annual rate recorded 31%, in line with market expectations. The seasonally adjusted CPI monthly rate in November was 01%, and the core CPI recorded 03%。This strong data drove the dollar index to temporarily strengthen, but it still did not break through the 104 mark. The market awaits the interest rate decision in the early hours of tomorrow morning and does not expect much action.
In terms of EURUSD, the eurozone ZEW economic sentiment index in December and the German ZEW economic sentiment index in December recorded new highs, indicating that the German economy continues to improve, but the euro still needs to face difficulties. The European Central Bank (ECB) has entered a period of silence, and the market is concerned about the performance of the Federal Reserve. Technically, it is recommended to wait and see107-1.08, the euro needs the dollar to weaken again to **.
GBP USD Against GBP USD, the average UK income excluding dividends increased by 7 percent compared to a year earlier3%, slightly lower than economists' expectations of 74%。The unemployment rate in the UK rose slightly. The Bank of England is not expected to cut interest rates and** UK economic growth will fall into recession over the next three years. Technically, it is recommended to pay attention to 125-1.26, if the semi-annual line breaks again, it will go down to 125。
NZD On the NZD USD, the New Zealand Food** Index fell 02%, with an annual rate of 6%. The market awaits the outcome of other events of the week. Technically, it is recommended to focus on 06-0.615 range, if the annual line is broken, it will go down to 06。