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Key Points
- The U.S. November Consumer Price Index (CPI) rose 2.7% year-on-year and 0.3% month-on-month, aligning with expectations. While the prospect of a 25bps rate cut at the December - - - - FOMC meeting has strengthened, there is a growing consensus that the pace of rate cuts may slow next year.
- Reports suggesting that BOJ officials believe delaying a rate hike until January or slightly later would not incur significant costs have led to yen weakness.
- The Bank of Canada implemented a 50bps rate cut as expected by the market.
- The European Central Bank (ECB) is anticipated to lower its benchmark rate by 25bps.
Reports from foreign media indicate that China may consider tolerating a weaker yuan next year to respond to tariff threats from Trump’s second administration.
Key Economic Indicators
+ December 12: ECB interest rate decision, U.S. November Producer Price Index (PPI)
+ December 13: U.K. October GDP
GBP/USD Chart Analysis
It appears that the pair has maintained its upward trend, finding support around the 1.25000 level and climbing to the 1.28000 level. Further gains are expected, with the next potential resistance around the 1.30000 level. However, it remains uncertain whether the pair will reach the peak of the trend afterward.
In the short term, the trend leans bullish, while the long-term direction will require further evaluation.
If unexpected movements occur, strategies will be adjusted swiftly.
Great to see you all. Please share your personal opinions in the comments. Don’t forget to like and subscribe!
Key Points
- The U.S. November Consumer Price Index (CPI) rose 2.7% year-on-year and 0.3% month-on-month, aligning with expectations. While the prospect of a 25bps rate cut at the December - - - - FOMC meeting has strengthened, there is a growing consensus that the pace of rate cuts may slow next year.
- Reports suggesting that BOJ officials believe delaying a rate hike until January or slightly later would not incur significant costs have led to yen weakness.
- The Bank of Canada implemented a 50bps rate cut as expected by the market.
- The European Central Bank (ECB) is anticipated to lower its benchmark rate by 25bps.
Reports from foreign media indicate that China may consider tolerating a weaker yuan next year to respond to tariff threats from Trump’s second administration.
Key Economic Indicators
+ December 12: ECB interest rate decision, U.S. November Producer Price Index (PPI)
+ December 13: U.K. October GDP
GBP/USD Chart Analysis
It appears that the pair has maintained its upward trend, finding support around the 1.25000 level and climbing to the 1.28000 level. Further gains are expected, with the next potential resistance around the 1.30000 level. However, it remains uncertain whether the pair will reach the peak of the trend afterward.
In the short term, the trend leans bullish, while the long-term direction will require further evaluation.
If unexpected movements occur, strategies will be adjusted swiftly.
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.