EUR/USD 1.17758
0.013%
Gold 4462.16
-1.526%
Oil 57.625
1.408%
USD/JPY 156.259
-0.146%
GBP/USD 1.35027
-0.001%
GBP/JPY 210.998
-0.145%
Browse More
  • English
  • 简体中文
  • 繁體中文
  • Tiếng Việt
  • ไทย
  • Indonesia
Subscribe
Real-time News
U.S.-listed gold mining stocks fell in pre-market trading, with Cordell Minerals (CDE.N) down 3.18%, Kinross Gold (KGC.N) down 2.3%, Harmony Gold (HMY.N) down 1.79%, and Gold Fields (GFI.N) down 0.64%.On December 29th, Southchip Technology announced that it plans to sign a "Technology Development Licensing Agreement" with Xingzhi Storage Technology (Suzhou) Co., Ltd., entrusting Xingzhi to customize and develop IP compatible with the cooperating manufacturer and its products, and obtaining a perpetual license for the IP products delivered by Suzhou Xingzhi. Suzhou Xingzhi is engaged in the design, research and development, sales and professional technical services of new memory chips and embedded storage IP, and has storage IP development capabilities.On December 29th, Yonghui Superstores announced its plan to transfer 28.095% of its stake in its subsidiary, Yunjin Technology, through a public listing on the Chongqing United Property Exchange. The transfer price is based on Yunjin Technologys net assets of 632 million yuan as of November 30, 2025, calculated according to the shareholding ratio, with an initial listing price of 178 million yuan. The final transfer price will depend on the transferees offer and will be determined by the results of the public listing.On December 29th, the Shanghai Municipal Commission of Commerce and 16 other departments issued "Several Measures on Further Expanding Service Consumption in Shanghai." The measures support "digital+" integration scenarios. They promote the application of digital technologies such as AR and VR with green and low-carbon technologies to create immersive, interactive, and green sustainable diversified service consumption scenarios. Support is also given to the development of integration scenarios such as "technology + tourism" and "technology + cultural heritage." The measures encourage e-commerce platforms to develop instant service consumption models. Furthermore, the measures recommend typical application cases of "artificial intelligence + consumption," and utilize "computing power vouchers, model vouchers, and corpus vouchers" to increase support for large-scale consumer models, creating a number of intelligent integration scenarios.On December 29th, the Shanghai Municipal Commission of Commerce and 16 other departments issued "Several Measures on Further Expanding Service Consumption in Shanghai." The measures emphasize expanding high-level opening-up in the service sector. They call for leveraging pilot policies for expanding opening-up in telecommunications and related digital industries, healthcare and wellness, and commerce, culture, and tourism to attract foreign investment projects in value-added telecommunications, biotechnology, and wholly-owned hospitals. Focusing on the needs of residents daily consumption, the measures also call for orderly expansion of imports of high-quality services such as healthcare and culture, and the organization of international film screenings and exchange and cooperation activities. Furthermore, the measures aim to expand cooperation with globally renowned universities and conduct high-level cooperative education programs.

The USD/CAD exchange rate bounces above 1.3550 ahead of the US GDP/ Durable Goods report, while oil prices surge

Daniel Rogers

Oct 27, 2022 15:31

 截屏2022-10-27 上午10.09.24.png

 

After a sharp fluctuation between 1.3533 and 1.3650 during the Tokyo session's late hours, the USD/CAD pair has moved sideways. The asset exhibits a rangebound structure between 1.3545 and 1.3822 in Asia. Prior to the release of crucial US statistics, it is anticipated that the major would remain sluggish.

 

In the meantime, market sentiment is quite upbeat, and risk-perceived currencies are reveling. The US dollar index (DXY) had a dead cat bounce after reaching a new monthly low of 109.56. While yields on 10-year US Treasuries are remain precarious and hovering around the 4% cushion.

 

Wednesday, after the Bank of Canada announced its interest rate decision, the Canadian dollar traded between 1.3545 and 1.3582. (BOC). Governor Tiff Macklem of the Bank of Canada (BOC) announced a 50 basis point (bps) rate increase, increasing borrowing rates to 3.75 percent. A smaller-than-expected hike in interest rates has stunned market participants.

 

In reference to the peak of inflationary pressures, BOC's Macklem remarked that the central bank is still a long way from accomplishing its goal of ensuring inflation is low, stable, and predictable. Concerning the course of policy, the Bank of Canada stated that they are reaching the end of the tightening phase, but are not quite there.

 

CIBC analysts expected the rate to peak at 4.25 percent despite the "slight softening" in comparison to previous increases.

 

On the front of the US dollar, it is expected that the US GDP rose by 2.4% in the third quarter, compared to a 0.6% fall. In addition, US Durable Goods Orders are predicted to climb by 0.6% versus a 0.2% decline.

 

As a result of the depreciation of the DXY and the adoption of sanctions against Russia, the oil price increase has accelerated. Despite the Energy Information Administration's report of an increase in oil stockpiles, the price of crude oil has risen to more than $88, reaching a high of approximately $88.01. (EIA). The oil stocks climbed by 2.588 million barrels for the week ended October 21, compared to the expected increase of 1.02 million barrels.


Suggestion