Overnight, due to a speech by Federal Reserve Chairman Powell stating that the Fed may slow down its rate hikes as soon as December, the US dollar index plummeted by nearly 100 points and is currently hovering around 1059. Under the influence of market risk preference sentiment, the three major US stock indices rebounded from low points, with gains exceeding 2%. And gold also recorded Changyang, currently trading around $1773.

The impact of the Federal Reserve slowing down the pace of interest rate hikes

The Chairman of the Federal Reserve stated that he will slow down the pace of interest rate hikes in December, with high credibility. In December, the Federal Reserve will raise interest rates by 50 basis points, which gives investors hope for policy easing. The market will hype up relevant news in the short term, and the comprehensive recovery of risk asset prices may remain for a period of time. The duration of this situation will depend on US data and the attitude of other central banks. In the future, pay attention to the results of US data, especially employment and inflation data. Whether other central banks will follow the slowing pace of the Federal Reserve's interest rate cuts is also a key factor affecting the market..

A50

The A-share market rose slightly yesterday, with a slight drop during the session. However, in the late trading session, it still recorded a positive line due to the intervention of bottom reading funds. It should be noted that there was a significant surge at the end of the trading day, and it seems that large funds have an optimistic attitude towards the market. Overnight, the A50 index continued to rise due to the impact of the US stock market's surge, and due to breaking through key pressure levels, the A50 may still have positive performance.

Technically speaking, the first pressure of the A50 is 13000, breakthrough is 13400, support is 12700, and break is around 12500. The indicator shows that the opening of the Bollinger Line is slightly upward, and the MACD is at a high level of oscillation. Trading strategy, considering the importance of the position below, can try to bargain long trading, and if the key support position is breached, the bulls will leave the market.

pound

The pound rose in the short term due to the Federal Reserve Chairman's signal to slow down the pace of interest rate hikes, and the short-term market needs time to digest the overnight news. Today, we will focus on data from the UK, Eurozone, US, and speeches from Federal Reserve officials, which will have a certain impact on the trend of the US dollar.

Technically, the first pressure on the pound is around 1.213, with a breakthrough around 1.22, support around 1.2025, and a break around 1.195. The indicators show that the Bollinger Line has a horizontal opening and a wide opening, with MACD fluctuating at a high level. Trading strategy, considering the importance of the position below, can try to bargain long trading, and if the key support position is breached, the bulls will leave the market.