Core Viewpoint - The global foreign exchange market is experiencing a cautious trading atmosphere with significant divergence in major currency pairs, focusing on key economic data releases and central bank speeches [1][2]. Currency Analysis - US Dollar Index: Currently trading around 98.36, the index recorded its largest single-day drop since September after the Federal Reserve's "hawkish rate cut." The market sentiment has shifted from "end of rate hikes" to "rate cut path," with key support at 98.29-98.52 and potential downside targets at 96.22 if this support is breached [3]. - GBP/USD: Trading around 1.3390, the pair shows a strong upward trend supported by the 10-day moving average and market expectations of a Fed rate cut. Key support is at 1.3360, with resistance at 1.3440, and potential volatility expected from upcoming UK GDP data [4]. - EUR/USD: Currently at 1.1735, the pair has shown slight recovery after a minor pullback. The market remains cautious due to diverging policies between the ECB and the Fed, with support at 1.1720-1.1730 and resistance at 1.1770-1.1780 [5]. - USD/JPY: Trading around 155.68, the pair is in a downtrend after failing to maintain levels above 156.00. Key support is at 155.30, with resistance at 155.90. The divergence in monetary policy continues to influence the exchange rate [6]. Economic Events - Key economic events to watch include speeches from Federal Reserve officials and Canadian wholesale sales data, which may impact market sentiment and currency movements [8]. Additional Market Insights - The Swiss National Bank has maintained interest rates at zero, while other geopolitical developments, such as discussions between Modi and Trump, and the U.S. House's decision on Trump's impeachment, may also influence market dynamics [7].
12月12日汇市晚评：震荡格局延续 重磅数据与央行讲话成焦点
Jin Tou Wang·2025-12-12 09:16