EUR/USD 1.18695
-0.007%
Gold 4912.95
-0.178%
Oil 62.654
-0.148%
USD/JPY 152.711
-0.014%
GBP/USD 1.36185
-0.024%
GBP/JPY 207.975
-0.029%
Browse More
  • English
  • 简体中文
  • 繁體中文
  • Tiếng Việt
  • ไทย
  • Indonesia
Subscribe
Real-time News
The Central Bank of Peru set its benchmark interest rate at 4.25%, in line with market expectations.1. All three major U.S. stock indexes closed lower. The Dow Jones Industrial Average fell 1.34% to 49,451.98 points, the S&P 500 fell 1.57% to 6,832.76 points, and the Nasdaq Composite fell 2.03% to 22,597.15 points. Cisco fell more than 12%, and Disney fell more than 5%, leading the decline in the Dow. The Wind U.S. Tech Big Seven Index fell 2.2%, Apple fell about 5%, and Facebook fell nearly 3%. The Nasdaq China Golden Dragon Index fell 3%, Tencent Music fell more than 10%, and Beike fell nearly 6%. Tech stocks led the decline, and the S&P 500 fell for the third consecutive trading day. 2. The three major European stock indexes closed mixed. The German DAX fell 0.01% to 24,852.69 points, the French CAC40 rose 0.33% to 8,340.56 points, and the UK FTSE 100 fell 0.67% to 10,402.44 points. 3. International precious metals futures fell sharply. COMEX gold futures fell 3.08% to $4,941.4 per ounce, and COMEX silver futures fell 10.62% to $75.01 per ounce. 6. The main WTI crude oil contract closed down 2.66% at $62.91 per barrel; the main Brent crude oil contract fell 2.61% to $67.59 per barrel.Colombias oil production is projected to decline by 3.4% to 746,000 barrels per day by 2025.February 13th - Ukraines National Security and Defense Council Secretary, Umarov, stated on the 12th that Ukrainian arms manufacturers had received their first batch of wartime weapons export licenses. Ukraine stated that it hopes to raise funds to expand its defense industry and attempt to solidify cooperation with allies through its innovative weapons. Umarov did not disclose the specific number of companies that received licenses, but stated that the countrys defense industry has an annual production capacity exceeding $55 billion (approximately 380 billion yuan).The China Earthquake Networks Center automatically determined that an earthquake of approximately magnitude 4.1 occurred at 06:46 on February 13 near Shaya County, Aksu Prefecture, Xinjiang (40.61 degrees north latitude, 83.41 degrees east longitude). The final result is subject to the official rapid report.

USD/CHF Consolidates Around 0.9040 As Attention Shifts To US Inflation

Daniel Rogers

Apr 10, 2023 14:27

USD:CHF.png

 

The USD/CHF pair continues to trade lacklusterly above the crucial support level of 0.9036 in the early Tokyo session. Investors are shifting their focus to Wednesday's release of United States Consumer Price Index (CPI) data, making it difficult for the Swiss Franc to gain traction.

 

As tensions between China and Taiwan escalate, S&P500 futures have pared some of their gains. The market's anxiety has been alleviated by the increasing intensity of Chinese military exercises around Taiwan Island. In addition, concerns of a recession are likely to cause volatility in US equities.

 

Jamie Dimon, CEO of JPMorgan Chase, stated in an interview with CNN that the recent banking turmoil caused by the dissolution of Silicon Valley Bank (SVB) and Signature Bank has increased the likelihood of a recession in the United States.  Despite the robustness and security of the banking system, the recent turmoil in the financial system is "another weight on the scale" toward recession, he added.

 

The US Dollar Index (DXY) is protecting the 102.00 support level ahead of US Consumer Price Index (CPI) data. According to the consensus, headline inflation will fall from 6.0% to 5.2%. In addition, the headline monthly CPI would decelerate to 0.3% from 0.4% previously reported. As a consequence of oil prices remaining low in March, inflationary pressures are anticipated to become evident.

 

In contrast, the core CPI, which excludes crude and food prices, is anticipated to increase to 5.6% from 5.5%. The tenacity of inflationary pressures is maintained by the resiliency of demand for essential products, as a result of a higher labor cost index. A similar event could compel the Federal Reserve (Fed) to raise rates again at its May monetary policy meeting.

 

Regarding the Swiss Franc, Swiss markets are suspended on Easter Monday. This week, the Producer Price Index (PPI) data will have an impact on the Swiss Franc.

Suggestion