FPG ：The Federal Reserve's decision to halt interest rate increases for the second time in a row reflects their cautious approach to monetary policy, as they aim to maintain economic stability amid various global and domestic challenges. This approach aims to prevent any disruptive shocks to the economy. 1. The Federal Reserve's decision not to change interest rates indicates a response to rising U.S. bond yields, which may reduce the need for future interest rate hikes. While interest rates are unchanged at 5.25%-5.50%, the Fed acknowledges uncertainty and continues to monitor risks. 2. The ISM manufacturing PMI fell significantly in October, primarily due to strikes in the automobile industry, decreased orders, and weak production growth. This decline, the largest in over a year, may be linked to the impact of American automaker strikes. 3. The Bank of Japan, after relaxing its yield control in a recent policy decision, announced a planned debt purchase operation to counter rising yields. They will purchase 10-year bonds and 5-year securities to address this issue. Japan's 10-year yield reached a 10-year high at 0.97% on Wednesday. 4. South Korea's exports have shown growth for the first time in more than a year, a positive sign for the country's economic prospects and global demand resilience. October data reveals a year-on-year export growth of 5.1%, the first increase in 13 months. Improved daily delivery volumes and a trade surplus of $1.6 billion were also reported. 5. The U.S. fiscal deficit has become a severe issue, with a 2023 budget deficit of $1.7 trillion, reaching unprecedented levels. This poses potential problems for the economy, given that the deficit is not only large in absolute value but also significant relative to the U.S. economy, accounting for 5.3% of GDP. 6. The U.S. "small non-farmers" employment data for October showed an increase of 113,000, lower than the expected 150,000 but higher than the previous value of 89,000. This data suggests that post-pandemic wage increases might have plateaued, while the employment situation remains stable, supporting strong consumer spending. summary of the analysts' views: Kina emphasizes that the Federal Reserve's decision not to raise interest rates could signify a shift away from data-dependent rate hikes. Dawson points out that Japan and the U.S. implementing significant stimulus plans could intensify fiscal pressures, contributing to the yen's depreciation. Dave highlights that oil market investors are keeping an eye on the Israel-Hamas conflict and concerns of an economic slowdown, leading to fluctuations in crude oil futures. Yue Lin observes an increase in bearish sentiment in U.S. and global stock markets, with traders taking more short positions on key stock indexes due to ongoing uncertainties and limited market optimism. The above analysis is only for the views of market researchers and is for reference only and is not Regarded as a specific investment suggestion. #Forex #trading #tradingforex