The current market trend in the eurozone is relatively stable, but the euro could come under pressure if the dollar shows hawkish signals. At the same time, the pound and the US dollar exchange rate are facing a situation that tests the half-year line, but it also looks unstable. The momentum of the New Zealand dollar is gradually weakening, and the phased improvement is not obvious. Forex
Analysis of the US dollarData released on Friday showed that U.S. nonfarm payrolls rose 19 percent in November90,000 people, exceeding market expectations of 180,000. While Fed swaps showed a decline in bets on a Fed rate cut in 2024, the DXY showed no intention of climbing further. From a technical point of view, if the DXY breaks above 104, it could challenge 105. At present, the market revolves around 103 and 104, but it is stable at 1045 levels are considered valid.
For EURUSD exchange rate EUR USDEconomic data released on Friday showed core inflation, which excludes food and energy**, was 38% and 34%。However, strong non-farm payrolls data from the United States put fresh pressure on the euro. The ECB's interest rate decision meeting will also need to be watched this week, but no substantive action is expected from the ECB. From a technical point of view, if the euro continues to fall below 108, will re-find support at 107 nearby.
In terms of the pound dollar exchange rate GBP USDThere has been no important economic data released in the UK recently, and the Bank of England will hold a meeting this week. However, the Bank of England is unlikely to take substantive action for the time being. On the news front, the Bank of England is expected to cut interest rates to 500%, which will fall to 450%。From a technical point of view, only by stabilizing the half-year line, the overall situation will not be too bad. Otherwise, downward pressure will push further down to 125 levels.
For New Zealand and US dollar exchange rate nzd usdAt present, there are no significant factors affecting New Zealand. This week is central bank week, the trend of the New Zealand dollar is more like a bystander, and the signs of following the crowd will be more obvious, and it is recommended to maintain the bullish line of thought for the time being. Periodically, non-US currencies are under greater pressure.