USD gains ahead of US data release; Pound traders

The USD tended to gain against a number of its counterparts yesterday as the market’s attention turns to the release of the US retail sales growth rate for October in today’s American session. It should be noted that shortly after the release also the US industrial production growth rate for the same month is to be released and could extend the volatility for the greenback. On a monetary level the market’s bets on whether the Fed will tighten its monetary policy at a faster pace, after the release of the US CPI rates for October last week, were carried forward and we note Atlanta Fed President Bostic’s speech later on today. On a more fundamental level, we note the friendly tone in the meeting of US president Biden and Chinese leader Xi Jinping and its characteristic that the Chinese leader called the US president an “old friend”, while also called for more cooperation and communication. The Yuan tended to gain and the partial thawing of tensions in the US-Sino relationships could create some safe haven outflows for the USD and provide support for commodity currencies such as the Aussie. US stockmarkets presented little volatility yesterday, yet we would note that Tesla’s share price continued to drop given also that Elon Musk threatened to sell another part of its shareholdings in a Twitter spat with Democratic senator Sanders.

在更根本方面, 我们注意到美国总统拜登与中国领导人习近平会晤时的友好基调，表现在中国领导人称美国总统是“老朋友”, 同时还呼吁加强合作与沟通. 日元趋向上涨，中美关系的部分缓和可能会造成一些美元避险资金的流出，并为澳元等商品货币提供支撑. 昨天美国股市几乎没有波动, 但我们注意到，鉴于Elon Musk 在与民主党议员Sanders 在推特的争吵中威胁要出售其另一部分股权，Tesla的股价继续下跌.

英镑交易者关注就业数据

尽管英镑兑美元有所企稳 , 我们对镑美持看跌态度, 但昨天英镑兑疲软的欧元大幅上涨，并且兑日元也小幅走高. 从根本上，我们要强调针对英国政府的诽谤指控，如果这些指控愈演愈烈，我们可能会看到英镑将有所回落，因为这可能会造成一定程度的政治不稳定. 另一方面，英国的疫情形势仍然令人担忧，因为每天的病例数量仍处于高位，值得注意的是，新冠加强针计划已扩展到年轻人.

表现在，英国首相Johnson 警告说，鉴于国家卫生系统正在苦苦挣扎，英国可能会实施新的封锁. 在货币方面，英国央行仍然存在在下次会议上是否加息的两难处境，在接下来几天，我们注意到明天周三发布的10月份消费物价指数率和周五发布的同月份英国零售销售增长率. 今天我们重点放在英国就业数据的发布上，如果英国就业市场趋紧，我们可能会看到英镑将获得一些支撑，反之亦然.

尽管零售销售数据强劲，但澳元继续下跌

USD Index H4 Chart