EUR/USD 1.13235
0.088%
Gold 3360.45
0.793%
Oil 57.766
1.410%
USD/JPY 143.640
-0.043%
GBP/USD 1.33039
0.061%
GBP/JPY 191.103
0.060%
Browse More
  • English
  • 简体中文
  • 繁體中文
  • Tiếng Việt
  • ไทย
  • Indonesia
Subscribe
Real-time News
On May 6, market research firm Counterpoint Research estimated that global XR headset screen shipments will increase by 6% year-on-year in 2025, among which AR glasses shipments will increase significantly by 42%, far exceeding VR devices (2.5%), becoming the fastest growing segment.On May 6, the Office of the Commander-in-Chief of the Myanmar Defense Forces issued a notice announcing the extension of the temporary ceasefire from May 6 to May 31. The notice stated that the Myanmar Defense Forces continued to extend the temporary ceasefire in order to fully promote disaster relief and reconstruction, safeguard national interests, and help establish lasting, real peace and national stability.On May 6, IG market strategist Yeap Jun Rong said: "Gold prices started the week with a strong rise as investors returned to safe-haven assets to hedge portfolio volatility caused by tariff concerns reignited by US President Donald Trump. Any dovish signal from the Federal Reserve is likely to provide further support for gold and strengthen its overall upward momentum."On May 6, Goldman Sachs published a research report stating that Standard Chartered Group (02888.HK)s first quarter profit exceeded expectations by 17%; net interest income (NII) was in line with expectations; pre-tax profit was 5% higher than market expectations; credit impairment was 7% lower than market forecasts; pre-tax profit (PBT) was 10% higher than market forecasts; basic return rate (ROTE) reached 16.4%, 300 basis points higher than market forecasts; core tier 1 capital ratio (CET1%) was in line with expectations. Goldman Sachs raised Standard Chartereds earnings per share forecast for fiscal year 2025 by 6%; the forecasts for fiscal years 2026 to 2028 were raised by 2%, 2% and 1% respectively, and the target price for H shares was set at HK$111, with a neutral rating.Market news: The United States seeks to force the sale of Googles advertising technology products.

Once the RBA minutes are made public, it is anticipated that AUD/NZD will once again test the day's low near 1.1110

Daniel Rogers

Oct 18, 2022 14:11

 截屏2022-10-18 上午9.51.22.png

 

The AUD/NZD pair lost its intraday rally after tumbling to roughly 1.1106 during the early session in Tokyo. The Reserve Bank of Australia's (RBA) minutes' release has weighed on the cross. According to the monetary policy minutes from October, concerns about domestic and international growth risks led to the announcement of a rate increase of 25 basis points (bps), which was less than expected.

 

Additionally, RBA policymakers think the central bank has raised interest rates quickly, which could have an impact on household expenditure.

 

Australia has had the lowest unemployment rate in its economic history, at 3.5% during the past 50 years, thanks to a healthy labor market. While core inflation has remained high because of rising service prices, the drop in oil prices has put downward pressure on headline inflation.

 

Moving forward, attention will be focused on the employment statistics for Australia. The consensus predicts that the Employment Change will drop from 33.5k to 25k. At 3.5%, the unemployment rate won't change.

 

The cross declined in early Tokyo after the announcement of higher-than-expected inflation data for New Zealand. The annual Consumer Price Index (CPI) came in at 7.2%, which was much higher than expected but marginally lower than the 7.3% reported in the prior report. While the quarterly inflation rate came in at 2.2%, exceeding both the 1.6% estimate and the 1.7% reading from the previous quarter, it was below the 1.7% figure from the previous quarter.

 

Given that price pressures have not abated as anticipated, it is now more likely that the Reserve Bank of New Zealand (RBNZ) will continue to raise interest rates at the current pace. 3.5% is the Official Cash Rate (OCR).


Suggestion