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Key Points
-The U.S. October Consumer Price Index met expectations, but its impact on the market remains limited.
-The likelihood of a Federal Reserve rate cut in December is increasing.
-The Republican Party has secured a majority of over 218 seats in the U.S. House, realizing the "Red Wave" and potentially allowing Trump’s pledges to move forward without Democratic opposition.
- Federal Reserve officials support rate cuts but remain cautious regarding the pace of reductions.
Key Economic Calendar
- November 14: U.S. October PPI
- November 15: Speeches by Fed Chair Jerome Powell, BOE Governor Bailey; Japan Q3 GDP, U.K. Q3 GDP, U.S. October Retail Sales
GBPUSD Chart Analysis
GBPUSD has broken through its support level of 1.29000, continuing its downward trend. It is currently at the 1.27000 level, with potential for further decline to 1.26000. A short-term downtrend is anticipated, with a possible rebound expected at the 1.26000 level. However, if it breaks below 1.26000, additional declines toward 1.23000 are possible, in which case a quick strategy adjustment may be needed.
Please share your personal opinions in the comments. Don't forget to hit the boost button and subscribe!
Key Points
-The U.S. October Consumer Price Index met expectations, but its impact on the market remains limited.
-The likelihood of a Federal Reserve rate cut in December is increasing.
-The Republican Party has secured a majority of over 218 seats in the U.S. House, realizing the "Red Wave" and potentially allowing Trump’s pledges to move forward without Democratic opposition.
- Federal Reserve officials support rate cuts but remain cautious regarding the pace of reductions.
Key Economic Calendar
- November 14: U.S. October PPI
- November 15: Speeches by Fed Chair Jerome Powell, BOE Governor Bailey; Japan Q3 GDP, U.K. Q3 GDP, U.S. October Retail Sales
GBPUSD Chart Analysis
GBPUSD has broken through its support level of 1.29000, continuing its downward trend. It is currently at the 1.27000 level, with potential for further decline to 1.26000. A short-term downtrend is anticipated, with a possible rebound expected at the 1.26000 level. However, if it breaks below 1.26000, additional declines toward 1.23000 are possible, in which case a quick strategy adjustment may be needed.
네이버 카페 :
cafe.naver.com/autumnis
오픈 카톡방 :
pf.kakao.com/_txlKqxj/chat
텔레그램 :
t.me/shawntimemanager
cafe.naver.com/autumnis
오픈 카톡방 :
pf.kakao.com/_txlKqxj/chat
텔레그램 :
t.me/shawntimemanager
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
네이버 카페 :
cafe.naver.com/autumnis
오픈 카톡방 :
pf.kakao.com/_txlKqxj/chat
텔레그램 :
t.me/shawntimemanager
cafe.naver.com/autumnis
오픈 카톡방 :
pf.kakao.com/_txlKqxj/chat
텔레그램 :
t.me/shawntimemanager
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.