EUR/USD
1.16981
-0.120%
Gold
4594.33
-0.062%
Oil
97.257
-0.232%
USD/JPY
159.682
0.043%
GBP/USD
1.35031
-0.107%
GBP/JPY
215.623
-0.057%
Real-time News
On April 29th, Citigroup Chief Economist Josh Williamson stated that weak core inflation data in Australia during the first quarter masked inflationary pressures stemming from the Middle East conflict. He indicated that high oil prices could increase inflationary pressures, potentially pushing overall inflation to 5.5% by mid-year, while core inflation would reach 3.8%. Williamson added that the Reserve Bank of Australia (RBA) is likely to raise its inflation forecast in May and raise interest rates in May and June, ultimately reaching a rate of 4.6%.On April 29th, Mike Sanders, Head of Fixed Income at Madison Investments, stated in a report that the market will be focused on how Federal Reserve Chairman Jerome Powell describes the committees consensus view on recent inflation and the future policy path, especially as Powells term as chairman is drawing to a close. "With rising oil prices potentially leading to persistently high inflation, investors will want to know as much as possible about the committees view on the balance of risks," he said. He added that the labor market is "okay, but not great," but rate cuts in a high-inflation environment would have a significant impact on the yield curve and the overall economy, while a near-term rate hike is not expected.On April 29th, Priyanka Sachdeva of Phillip Nova stated in a report that oil prices could rise further if maritime transport through the Strait of Hormuz continues to be disrupted. Such disruptions could increase market expectations of tighter supply. She added, "Looking ahead, market focus will likely remain on supply-side dynamics and geopolitical signals from the Gulf region."Geely Automobile (00175.HK) shares rose more than 4% in the afternoon. The company reported a first-quarter profit attributable to owners of the parent company of RMB 4.17 billion, a year-on-year decrease of 27%.April 29th, Futures News: Economies.com analysts latest view: WTI crude oil futures prices have risen slightly in recent intraday trading, with an overall cautious trend. Currently, prices are continuously attempting to break through the key resistance level of $98.00, indicating an intention to continue the current bullish trend. This movement occurred after the Relative Strength Index (RSI) cleared from overbought conditions, bringing new upward momentum to the market, especially with prices consistently trading above the 50-day exponential moving average (EMA50), which provides strong dynamic support. Given the prevailing slightly bullish trend in the short term, WTI crude oil futures prices may still have further upside potential in the near future.
