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On July 28th, the National Energy Administration released data on electric vehicle charging infrastructure nationwide for the first half of 2026. According to data from the National Charging Infrastructure Monitoring and Service Platform, as of the end of June 2026, the total number of electric vehicle charging infrastructure (guns) in my country reached 23.057 million, a year-on-year increase of 43.2%. Among them, public charging facilities (guns) numbered 5.009 million, a year-on-year increase of 22.3%, with a total rated power of 247 million kilowatts and an average power per gun of approximately 49.35 kilowatts; private charging facilities (guns) numbered 18.048 million, a year-on-year increase of 50.4%, with a registered power capacity of 155 million kilovolt-amperes.European chip stocks fell, with ASML, BE Semiconductor, STMicroelectronics, and Infineon all down 2% to 3%.On July 28th, silver prices fell in Asian trading on Tuesday after rising nearly 0.5% in the previous session, trading around $57.40 per ounce. As expectations of de-escalation pushed oil prices lower, easing market concerns about rising inflation and further interest rate hikes, silver, a non-interest-bearing asset, may regain support. Washington suspended its strikes over the weekend, while the Iranian Foreign Ministry countered that no direct negotiations had taken place with the US, and the only dialogue was with Oman regarding the future of the Strait of Hormuz. Traders are turning their attention to the Federal Reserves policy decision this week, with the market widely expecting officials to keep interest rates unchanged. Although persistent inflationary pressures have led a few traders to bet on an immediate rate hike, the mainstream consensus remains that any potential rate hike is likely to be postponed until September.July 28 - As Houthi threats disrupt Red Sea trade, empty supertankers are heading to the Egyptian Mediterranean port of Sidi Kerir to load Saudi crude oil, while observable vessel traffic at Saudi Arabias key Red Sea export hub is decreasing. Ship tracking data shows that at least eight Very Large Crude Carriers (VLCCs) have set Sidi Kerir as their destination and are scheduled to arrive in the coming weeks until mid-August. Saudi Aramco has been increasing the amount of oil supplied through the Egyptian port after the Iranian-backed Houthi attack on a vessel in the Red Sea last week. Earlier on Tuesday, no tankers were observed docking at the Saudi Red Sea port of Yanbu, although some vessels may have switched off their transponders to load cargo in an attempt to evade detection.Mercedes-Benz CFO: Full-year automotive operating profit margin is expected to be at the lower end of the 3.5% range.

USD/CHF Consolidates in a Range of 0.9320-0.9350 on Expectations of Rate Reversion to Neutral

Drake Hampton

Apr 08, 2022 09:57

Tips

  • USD/CHF remained stuck around 0.9350 despite a big increase in US Treasury yields.

  • The DXY is aiming for 100.00 as traders increase their expectations for an aggressive rate hike.

  • Russia resigns from the United Nations Human Rights Council.

 

Since Thursday, the USD/CHF pair has been swinging within a narrow band of 0.9318-0.9348 as Federal Reserve (Fed) policymakers have begun prescribing a reversion to neutral rates from ultra-loose monetary policy postures.

 

After commenting on the amount to which the Fed will raise interest rates in future monetary policies, members of the Fed's Monetary Policy Committee (MPC) have changed their focus to calling for a return to neutral policy. The ultra-loose monetary policies and helicopter money used to boost growth following the Covid-19 outbreak have served their purpose, and it would be preferable to return to normal rates and a self-sufficient economy. Atlanta Fed President Raphael Bostic stated on Thursday that while it is quite acceptable for the Fed to move policy closer to neutral, it should go cautiously, according to Reuters.

 

On the Russia-Ukraine front, Russia is expelled from the United Nations (UN) Human Rights Council after its members voted against the Kremlin's war crimes in Bucha, Ukraine. Additionally, US lawmakers have decided to prohibit Moscow from importing oil, gas, and coal. Additionally, the former has opted to revoke its 'Most Favored Nation' trade designation, resulting in higher tariffs for Moscow.

 

Meanwhile, the US dollar index is heading towards the enchanted level of 100.00, fueled by forecasts for better US Consumer Price Index (CPI) data next week. The yield on the 10-year US Treasury note has recaptured a three-year high of 2.66 percent as rate rise worries resurface.

USD/CHF

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