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February 12th - Hedge funds are showing a clear shift, increasing bets on a stronger yen amid a rising "buy Japan" trend. Traders say that even though strong US jobs data has weakened market expectations for a Fed rate cut this year, bullish sentiment on the yen is still rising. On Wednesday, the yen rose against the dollar for the third consecutive trading day, remaining strong despite pressure on the dollar following the release of the US non-farm payrolls report. According to data from the Depository Trust & Clearing Corporation (DTCC), on Wednesday, trading volume of USD/JPY put options with a notional size of $100 million or more was about 50% higher than that of call options of the same size. The premium for options betting on or hedging a decline in USD/JPY over the next month has risen to its highest level since February 2nd.On February 12th, the Ministry of Education released the "Opinions on Deepening the Reform of Key Elements of Vocational Education Teaching," which proposes: dynamically adjusting professional settings, actively adding new programs, eliminating redundant ones, and upgrading existing programs. Focusing on the goal of cultivating highly skilled personnel, the Opinions call for strengthened coordination in adjusting and optimizing professional settings, and strict implementation of the "red and yellow card" system. The Opinions also advocate utilizing big data and artificial intelligence to accurately predict the supply and demand of talent in key areas, providing a scientific basis for dynamic adjustments to professional settings. Furthermore, the Opinions encourage exploring the establishment of a rapid response channel for adding new programs, focusing on emerging and future industries, with a focus on adding new programs in areas such as low-altitude economy, artificial intelligence, high-end equipment, urban renewal, and areas of urgent need in peoples livelihoods. The Ministry of Education requires all provinces developing modern vocational education systems to formulate professional setting plans based on regional key industry development plans and to publish an annual analysis report on the matching of vocational education professional settings with industrial development.February 12th - With the continued optimization of visa-free and consumption-boosting policies, both inbound and outbound tourism are expected to increase during the Spring Festival holiday, leading to peak passenger flow at some major ports of entry. According to the National Immigration Administration, the average daily number of inbound and outbound passengers at ports nationwide during this years Spring Festival holiday is expected to exceed 2.05 million, a 14.1% increase compared to last years holiday. Major airport ports are expected to see significant growth in passenger flow, with the peak outbound passenger flow anticipated on February 15th (the 28th day of the twelfth lunar month) and the peak inbound passenger flow expected on February 22nd and 23rd (the sixth and seventh days of the first lunar month).Samsung Electronics shares rose to 6%.On February 12th, the General Office of the Ministry of Commerce issued a notice regarding the implementation of the trade-in program for consumer goods during the 2026 Spring Festival holiday. The notice states that, in keeping with Spring Festival customs and adding to the festive atmosphere, consumers are encouraged to go out and shop. During the nine-day Spring Festival holiday in 2026 (February 15-23), consumers will be fully guaranteed access to apply for subsidies for trading in old home appliances and purchasing new digital and smart products through offline channels. Consumers who purchase new cars during the nine-day Spring Festival holiday can apply for car trade-in subsidies according to policy requirements.

0.8450 is being reached by EUR/GBP as the prospect of a UK recession looms

Daniel Rogers

Aug 05, 2022 14:46

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Following a huge upward rise from 0.8360 on Thursday, the EUR/GBP pair has subsequently turned sideways around 0.8430 in the Tokyo session. After the Bank of England (BOE) hiked interest rates by 50 basis points, the cross displayed a significant upward rise (bps) (bps). The BOE lifted interest rates by 50 basis points in succession, bringing them to 1.75 percent.

 

The investing community is aware that UK household earnings have been unsteady during the preceding few months. In addition, the economy's inflation rate is fast expanding. The inflation rate was 9.4 percent prior. The recent statement by BOE Governor Andrew Bailey that price increases might exceed 13 percent has sent shockwaves across the market.

 

The runaway inflation is now escalating, leaving the BOE with very little flexibility to tighten its monetary policy. The BOE is in poor shape as a result of the dismal economic data and the continuing political upheaval following the departure of UK Prime Minister Boris Johnson. A recession in the UK economy is extremely probable in the case that the inflation rate is close to 13 percent.

 

German manufacturing order numbers for the Eurozone have decreased by 0.4 percent against an anticipated 0.8 percent decline and a prior monthly contraction of 0.2 percent. Falling orders from factories indicate sluggish demand in Germany as a whole. It is vital to remember that Germany is a key element of the European Union (EU), and that economic data from Germany has a huge effect on people who favor the common currency.