EUR/USD 1.15318

USD/JPY 144.444

GBP/USD 1.35448

GBP/JPY 195.536

English
简体中文
繁體中文
Tiếng Việt
ไทย
Indonesia

Subscribe

Real-time News

Israeli Military: The Israeli Air Force is currently attacking surface-to-surface missile sites in central Iran.Market News: An official said that Iran told mediators Qatar and Oman that it was unwilling to negotiate a ceasefire with Israel during the Israeli attack.On June 16, Richard Bronzi, head of geopolitics at consulting firm Energy Aspects, said, "Now that Israel has crossed the threshold, the market will question whether it will further strike Irans energy infrastructure. We seem to be caught in a vicious cycle of escalating conflict." Helima Croft, head of global commodity strategy at Royal Bank of Canada Capital Markets and former CIA analyst, said, "If the supply is interrupted, Trump is likely to ask the Saudi-led OPEC+ alliance to use its considerable idle production capacity." Irans current daily output is about 3.4 million barrels, and it is uncertain whether OPEC can make up for its long-term large-scale shutdown gap. This move itself may make Saudi Arabia and the UAEs energy facilities a target of public criticism. Clay Siegel, a senior fellow at the Center for Strategic and International Studies in Washington, analyzed: "Although OPEC can use idle production capacity to replace Iranian crude oil, Saudi Arabia and the UAE will face huge political risks if they profit from it."Israels emergency organization "Red Shield of David": Irans latest round of ballistic missile attacks has injured 8 people in Israel.June 16th news, on June 15th local time, Mustafa Hayari, director of media affairs of the Jordanian Armed Forces, said that the current situation is an attempt by one party to the conflict to drag Jordan into the war, intending to undermine Jordans security and stability. But Jordans national position has been very clear from the beginning, that is, to avoid being involved in the conflict between Iran and Israel. Regarding the measures taken by the Jordanian Armed Forces to deal with this threat, Hayari emphasized that the military has increased the combat readiness level of various combat units and logistics units since the beginning of the conflict, and has placed all combat units and troops on the highest level of alert to ensure effective response to any potential threats. Hayari said that missiles and drones entering Jordanian airspace are extremely dangerous. As military weapons, these devices may have technical deviations for a variety of reasons, making Jordanian territory a potential landing point.

NZD/USD finds support near 0.6220; a decline appears more probable due to China's Covid concerns

Alina Haynes

Nov 28, 2022 15:04

截屏2022-11-28 上午10.39.08.png

China's anti-Covid shutdown protests have weakened commodity-linked currencies, resulting in a gap-down start of roughly 0.6220 for the NZD/USD pair. During the previous week, the New Zealand dollar dropped after failing to surpass the round-level barrier of 0.6300.

Individuals have taken to the streets in China to demonstrate their opposition against the zero-tolerance policy, leading to a rise in civil unrest. Due to Chinese leader Xi Jinping's conservative posture and authoritarian framework, global markets have become more risk-averse. This has created an economic expansion risk and may worsen the already shaky housing market. Increasing apprehensions about societal risks may also result in political instability, which may have long-lasting detrimental effects on economic structure.

Notably, New Zealand is one of China's most important trading partners, and instability in China could damage the New Zealand Dollar.

In the meantime, the US Dollar Index (DXY) is profiting from investors' liquidity as the demand for safe-haven assets surges. The USD Index is hovering around 106.20 and attempting to reduce volatility as China's anti-locking protests restrict the upside and predictions of a slowdown in the Federal Reserve's larger rate hike cycle limit the downside (Fed).

S&P500 futures are under heavy pressure from market players due to a risk-averse market mentality. In anticipation of Fed chief Jerome Powell's address on Wednesday, yields on 10-year US Treasuries have decreased to approximately 3.68 percent. The Fed Chair's speech could dispel suspicions about a pause to the Fed's current rate-hiking program.