Core Viewpoint - The market is experiencing a mixed sentiment due to recent U.S. economic data and Federal Reserve officials' comments, with expectations for a rate cut in December remaining high [1][4]. Economic Data Summary - Initial jobless claims fell to 216,000, below expectations, indicating resilience in the labor market, while continuing claims rose slightly to 1.96 million, suggesting a decline in job demand in some sectors [1]. - Durable goods orders increased by 0.5% in September, exceeding market expectations, with core orders (excluding transportation and defense) growing by 0.9%, indicating sustained corporate investment [1]. - PPI and retail sales were slightly below expectations, and consumer confidence surveys showed households remain cautious about income and employment prospects [1][3]. Currency and Commodity Market Summary - The U.S. dollar index has declined for four consecutive days, with major non-U.S. currencies benefiting, including the euro testing the 1.1600 level and the British pound rising for five days [2]. - Gold prices have been supported by a weaker dollar and expectations of a rate cut, with silver also reaching a two-week high [3]. - The Dow Jones index has risen for four consecutive days, reflecting improved risk appetite amid expectations of a 25 basis point rate cut in December [3]. Market Outlook - The combination of resilient employment and weakening demand is stabilizing expectations for a December rate cut, with the dollar remaining weak and both gold and risk assets benefiting [4][5]. - Upcoming data releases post-Thanksgiving, including durable goods orders and consumer spending, will be crucial for market pricing ahead of the December meeting [5].
【UNFX财经事件】美元短线震荡整理 黄金维持高位强势结构
Sou Hu Cai Jing·2025-11-27 03:19