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May 7th, at Lenovo TechWorld today, Lenovo Group Chairman Yang Yuanqing was asked whether Lenovos products would increase in price in the future as a global company. Yang Yuanqing said that there is definitely no absolute answer, and the supply and demand of components is an important consideration. What everyone is concerned about is that the impact of tariffs will be reflected in product pricing. If there is no further policy change, the impact on prices may not be significant, but there is great uncertainty in the future.Germanys DAX30 index opened up 46.81 points, or 0.20%, at 23285.12 points on May 7 (Wednesday); Britains FTSE 100 index opened down 17.14 points, or 0.20%, at 8580.28 points on May 7 (Wednesday); Europes STOXX 50 index opened down 13.13 points, or 0.25%, at 5250.25 points on May 7 (Wednesday); Spains IBEX35 index opened up 5.20 points, or 0.04%, at 13514.00 points on May 7 (Wednesday); Italys FTSE MIB index opened down 55.25 points, or 0.14%, at 38505.00 points on May 7 (Wednesday); Frances CAC40 index opened down 22.13 points, or 0.29%, at 7674.79 points on May 7 (Wednesday).Switzerlands foreign exchange reserves in April were 702.895 billion Swiss francs, with the previous value revised from 725.6 billion Swiss francs to 725.551 billion Swiss francs.May 7, U.S. Treasury and euro zone bond yields were little changed in early trading as investors remained on the sidelines ahead of the Federal Reserves policy meeting. The Fed is expected to keep interest rates unchanged in its decision on Wednesday and is unlikely to signal a rate cut in the coming months due to strong recent U.S. economic data. "The Fed is expected to keep interest rates steady and indicate no intention to break the deadlock in the short term," KBC bank analysts said in a report.On May 7, Swissquote analyst Ipek Ozkardeskaya said in a report that news of the China-US talks may increase hopes for easing trade tensions and boost risk appetite, leading to a recovery in the US dollar. The trade war should have boosted demand for the safe-haven dollar, but this did not happen. At the same time, the market generally expects the Federal Reserve to keep interest rates unchanged. Before cutting interest rates, the Federal Reserve may wait and see how trade negotiations progress and the impact of tariffs on economic growth and inflation.

Amidst increasing Fed hawkish bets, the AUD/USD is anticipated to soar over 0.6880

Daniel Rogers

Jul 11, 2022 11:29

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The AUD/USD pair is first seeking to exceed the significant resistance level of 0.6850 since it is expected that the US dollar index (DXY), which was drained on Friday, would perform poorly going forward. The asset is seeking more gains, and greater upside will be due once it clears the important 0.6880 barrier.

 

Even if US Nonfarm Payrolls (NFP) data is upbeat, dollar bulls are expected to do poorly. In June, the US economy added 372k jobs, well above the average estimate of 268k but falling short of the prior figure. The Unemployment Rate remained at 3.6 percent, the same as in the previous report and estimates. The US economy's superior performance on the job market will undoubtedly make it easier for the Federal Reserve (Fed) to announce large rate increases with less reluctance.

 

However, the drop in average hourly earnings (AHE) on Friday will be bad for the US economy. The economic data were 5,1% annually, which was higher than the forecast of 5% but lower than the prior estimate of 5,3%. Reduced AHE does not assist US families when the inflation rate is out of control. Reduced AHEs will have a significant influence on their revenue during times of increasing pricing pressure. The overall demand may go down as a result of this.

 

Investors are focusing on Thursday's release of the employment figures in Australia. It is projected that the Employment Change, which was previously published as 60,6K, will be substantially lower, at 25K. However, from the previously stated 3.9 percent, the jobless rate will drop to 3.8 percent.

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