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This week, China and Japan are closed for holidays, and Europe and the United States become the protagonists of the market. The policy meetings of the Federal Reserve and the Bank of England have decided not to move, but the hawkish message conveyed by the statement and the speech of the president of the central bank is really meaningful. Fed Powell underestimated low inflation and said there was no tendency to raise interest rates or cut interest rates, while Bank of England President Carney said that the market underestimated the rate hike. However, the impact of hawkish rhetoric on the foreign exchange market is very different. After the Fed meeting, the US dollar rose, while the British pound fell due to doubts about leaving the European Union.

In the context of market liquidity shortages, the Australian dollar and the New Zealand dollar have been falling this week, hitting several months low, as investors are expecting the central banks to cut interest rates next week. The euro rose slightly under the support of regional economic data.

The China-US trade representative held trade talks in Beijing this week, and the US said the negotiations between the two sides were "fruitful." The two sides will continue consultations in Washington next week. Some observers said that the two sides may soon reach a trade agreement. Investors have become accustomed to the news report, and intend to see the actual signing of the agreement to celebrate.

Looking forward to next week, central banks continue to sing the main event, with central banks such as the Reserve Bank of Australia, the New Zealand Central Bank and other central banks convening policy meetings, as well as the Bank of Japan to announce the minutes of the meeting and multinational officials to speak on economic prospects and monetary policy. In terms of data, multinational PMI, GDP and CPI have been released.


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