EUR/USD 1.18063
0.069%
Gold 3355.67
-0.038%
Oil 65.944
-1.162%
USD/JPY 143.780
0.093%
GBP/USD 1.36643
0.214%
GBP/JPY 196.469
0.356%
Browse More
  • English
  • 简体中文
  • 繁體中文
  • Tiếng Việt
  • ไทย
  • Indonesia
Subscribe
Real-time News
British Prime Minister Starmer: The government is committed to fiscal rules and economic stability.The final values of the French, German and eurozone services PMIs for June will be released in ten minutes.July 3, strategists at State Street Investment Management said that after 18 months of frenetic gains, the upward volatility of gold prices may ease in the coming quarters. However, support factors including ETF inflows, central bank purchases and a weaker dollar are still favorable for gold prices to rise until 2026. Strategists continue to believe that there is an 80% chance that gold prices will remain flat or rise in the next 6-9 months, and in the case of a 30% bull market, gold prices could hit $4,000 an ounce. They added that a weaker dollar and the Federal Reserves likely dovish policy in the second half of the year could help gold attract more allocations from the record $7 trillion in money market mutual funds.On July 3, ASML (ASML.O) announced that it will announce its second quarter 2025 results at 07:00 CET on July 16, which is still one day earlier than TSMC. ASML executives will hold a 60-minute investor conference call at 15:00 CET on the same day.July 3, the pound rebounded after falling on Wednesday when British Prime Minister Starmer did not seem to confirm in Parliament that Chancellor of the Exchequer Reeves would stay. However, a spokesman for the British Prime Minister later said that Reeves had Starmers full support. The Labour government was forced to make major concessions on welfare reform. Nikos Chaberas, an analyst at Tradu.com, said in a report that the prospect of further tax increases or increased borrowing could disrupt the market. This loss of confidence could "cause trouble" for the pound.

EUR/USD approaches 1.00 despite a potential German energy crisis; Jackson Hole forecasts a pullback

Daniel Rogers

Aug 25, 2022 14:59

截屏2022-08-25 上午10.23.25.png 

 

The EUR/USD has detected buying activity after trading sideways at 0.9960 throughout the Tokyo session. As the US dollar index (DXY) trades badly at the open, the pair is climbing to reclaim the fabled 1.0000 level. The DXY has fallen to approximately 108.50 after experiencing selling pressure close to 108.50.

 

The contrasting reactions of market players to Federal Reserve (Fed) chair Jerome Powell's remarks on interest rate guidance at the Jackson Hole Economic Symposium have perplexed investors. The DXY is volatile due to two schools of thought regarding the Fed's stance on interest rates following a decline in the private sector.

 

As a result of the Fed's aggressive interest rate rises, PMI numbers have decreased dramatically. As a result, one school of thought contends that the Fed should slow down because a decline in economic activity could hurt the confidence of the private sector. In addition, the second school of thought favors maintaining the existing rate of interest rate hikes, as price stability is the primary objective.

 

On the Eurozone front, the probability of a German energy crisis is rising as the energy-supplying Nord Stream 1 pipeline from the Baltic Sea to Germany undergoes unscheduled maintenance over the last three days of August. During a time when the German energy market is already suffering supply difficulties, new supply constraints may cause energy prices to skyrocket.


Suggestion