EUR/USD 1.17406
0.208%
Gold 3885.61
0.761%
Oil 60.525
0.064%
USD/JPY 147.454
0.139%
GBP/USD 1.34825
0.330%
GBP/JPY 198.810
0.472%
Browse More
  • English
  • 简体中文
  • 繁體中文
  • Tiếng Việt
  • ไทย
  • Indonesia
Subscribe
Real-time News
Conflict Situation: 1. Russia claims to be advancing on all fronts, while Ukraine claims to be launching attacks from multiple directions. 2. Energy facilities in multiple locations in Ukraine have been attacked, and power restrictions have been implemented in some areas. 3. Russian Defense Ministry: Russian air defense systems shot down 20 Ukrainian drones over multiple regions. Other Situations: 1. Ukraine announced the severance of diplomatic ties with Nicaragua. 2. Putin refuted claims that Russia would attack NATO members. 3. The Dutch Prime Minister stated that he would not rule out the possibility of circumventing Hungary to pass sanctions against Russia. 4. The European Council extended its sanctions regime against Russia for one year. 5. The EU extended sanctions against certain Russian individuals until 2026. 6. The Kremlin: The US has not yet responded to Russias proposal regarding the New START Treaty. 7. The Russian government approved the extension of restrictions on imports and exports to unfriendly countries. 8. Hungarian Prime Minister: The EU should establish a partnership with Ukraine rather than accept its membership. 9. According to the Financial Times: Sources said that Trump still opposes using US taxpayers funds to aid Ukraine, and prefers NATO allies to buy weapons from Washington and then ship them to Kyiv.The Dow Jones Industrial Average closed up 238.56 points, or 0.51%, to 46,758.28 on Friday, October 3; the S&P 500 closed up 0.44 points, or 0.01%, to 6,715.79 on Friday, October 3; and the Nasdaq Composite closed down 63.54 points, or 0.28%, to 22,780.51 on Friday, October 3.On October 4th, U.S. stocks closed Friday, with the Dow Jones Industrial Average initially up 0.51%, the S&P 500 up 0.01%, and the Nasdaq down 0.28%. USA Rare Earth (USAR.O) rose 14.3%, Nano Nuclear Energy (NNE.O) rose 6.7%, Tesla (TSLA.O) fell 1.4%, Ford Motor (FN) rose 3.6%, AMD (AMD.O) fell about 3%, and Intel (INTC.O) fell 1.26%.Federal Reserve Board Governor Milan: Former US Treasury Secretary Summers was wrong on almost everything this year.Federal Reserve Board Governor Milan: Housing costs are expected to ease as immigration flows change.

As Japan plans a Cabinet reshuffle, GBP/JPY is aiming for a two-week high near 169.00

Alina Haynes

Nov 22, 2022 15:03

 截屏2022-11-22 上午10.04.12.png

 

During the Tokyo trading session, the GBP/JPY pair has extended its recovery and is seeking to cross the 168.00 threshold. As market sentiment improves, the cross approaches a two-week high close to 169.00. Despite projections of a slower pace of rate hikes by the Bank of England, the British pound is expected to continue its upward trajectory (BOE).

 

The public is still arguing if the Autumn Statement has restored confidence and capability in the UK's economic prospects or has worsened the forecasted picture.

 

Shell, a provider of renewable energy and energy solutions, is reconsidering its expansion plans in the British energy market after the incoming UK government announced windfall taxes. Prime Minister Rishi Sunak and Chancellor Jeremy Hunt increased the tax rate from 25% to 35% in the long-awaited "memorial service for Trussonomics."

 

The expanded tax mentioned in the Chancellor's Autumn Statement is leading Shell to reconsider a number of ongoing projects, including North Sea investments and renewable energy programs, according to David Bunch, chairman of Shell UK.

 

UOB economists maintain their prediction of a 50 basis point (bps) change in the United Kingdom's interest rate at its monetary policy meeting in December. They feel the BOE still has work to do, given that Hunt has decided to delay the majority of the severe repercussions of fiscal consolidation, which means fiscal policy will do little to combat inflation."

 

Prime Minister Fumio Kishida of Japan told Mainichi that investors in Tokyo are becoming anxious because the Japanese government expects to reshuffle its Cabinet before the end of the year. This may result in a period of Japanese yen volatility. On the economic front, Thursday's release of the PMI results is anticipated by investors. The Jibun Bank Manufacturing PMI is considered stable at 50.7. While Services PMI is expected to decline significantly to 53.1%, Manufacturing PMI is expected to climb marginally to 54.2%.

Suggestion