EUR/USD
1.17426
0.000%
Gold
4740.35
0.431%
Oil
88.495
-1.292%
USD/JPY
159.285
-0.056%
GBP/USD
1.35090
0.013%
GBP/JPY
215.183
-0.030%
Real-time News
A chart summarizing the overnight price movements of international spot platinum and palladium.Geopolitical tensions exacerbated price volatility, with lingering concerns about a potential blockade of the Strait of Hormuz, leading to sharp fluctuations in international crude oil prices at high levels. A chart provides a quick overview of pre-market crude oil prices converted between domestic and international markets.According to Futures News on April 22, as of 8:30 AM Beijing time, spot platinum fell 0.03% and spot palladium fell 0.21%.On April 22, Janice Charette, Canadas newly appointed chief trade negotiator for the United States, stated that as the review of the USMCA approaches, she hopes Washington will recognize the "significant" concessions Canada has made and demonstrate some reciprocity. In her first major public address, Charette said, "The Canadian government has taken some concessions that I consider very significant." She cited the elimination of the digital sales tax on U.S. tech giants, the reversal of many retaliatory tariffs imposed by former Prime Minister Justin Trudeau, and changes and investments made to improve border security. She added, "So far, these measures have not been acknowledged by the other side. I think its important that we see some reciprocity in the negotiations."On April 22nd, a research report from CICC stated that Federal Reserve Chairman nominee Kevin Warsh testified before the Senate Banking Committee, revealing his core policy stance of a two-pronged approach of "balance sheet reduction and interest rate cuts." At the balance sheet level, he explicitly opposed normalizing quantitative easing (QE), advocating for a gradual and orderly reduction of the Feds balance sheet size and a withdrawal from fiscal-like responsibilities, returning it to its monetary policy roots. At the interest rate level, although no explicit commitment was made, his statements indicated a tendency towards interest rate cuts. In our view, Warshs policy proposals are not only an adjustment to the monetary issuance mechanism but also an extension of the "America First" strategy under the wave of anti-globalization into the monetary field—shifting from a "global central bank" that endlessly injects liquidity globally to a new approach that firmly controls the overall money supply, focuses on domestic productivity, and emphasizes monetary sovereignty. We believe this shift means that the narrative of continued dollar liquidity flooding the market will face revision, and assets solely reliant on liquidity and benefiting from "dollar over-issuance" may come under pressure.
