EUR/USD 1.15487
-0.403%
Gold 4298.61
-1.146%
Oil 97.999
0.906%
USD/JPY 154.340
0.428%
GBP/USD 1.34990
-0.200%
GBP/JPY 208.323
0.215%
Browse More
  • English
  • 简体中文
  • 繁體中文
  • Tiếng Việt
  • ไทย
  • Indonesia
Subscribe
Real-time News
Lithuanias National Crisis Management Center: NATO fighter jets were scrambled due to a suspected drone detection in airspace near Vilnius, Lithuania.On September 15th, Eric Lefkofsky, CEO of the US medical technology company Tempus AI, stated in a media interview on Monday, "Given the current models ability to self-train and self-improve, its not hard to imagine a moment when one cant help but ask, Wont this get out of control, beyond our grasp?" He expressed agreement with slowing down the pace of AI development, citing both safety considerations and capital efficiency. He praised the efforts of Anthropic, OpenAI, and SpaceX in the healthcare field and downplayed concerns that "if the largest US companies slow down their investment, the US might fall behind." "I dont think theres any real risk in reducing the speed of a car from 100 miles per hour to 70 miles per hour," he said, "and I dont think the rest of the world will overtake us because of this."US President Trump: Now Im going to debunk another hoax, the claim that artificial intelligence will take over, devour, and destroy the world, and that robots will walk into our cities and wipe us all out! This is even more absurd than the Russia collusion investigation or the global warming hoax.According to a Reuters/Ipsos poll, 63% of Americans oppose Trumps proposal to give a $5,000 bonus if Republicans retain control of Congress.On September 15th, local time, Houthi spokesman Yahya Sarreya stated that Houthi air defense forces intercepted two formations of Saudi warplanes over Saada province, Yemen, on the 14th. Yahya stated that the two formations consisted of Typhoon fighter jets and F-15 fighter jets, taking off from Saudi air bases in Khamis Mushait and Taif. Yahya claimed that the Houthis used several homemade anti-aircraft missiles to intercept the aircraft and "forced them to retreat and return to base." Saudi Arabia has not yet responded to this.

WTI advances toward $75.00 as China-related demand optimism offsets recession fears

Daniel Rogers

Jan 09, 2023 11:55

244.png 

 

In the early hours of Monday, WTI steadily climbs near the intraday high of $74.70 as bullish emotion competes with economic slowdown worries. Despite this, the weaker US Dollar and a light schedule allow buyers of black gold to maintain control following Friday's mixed performance.

 

In spite of this, the risk profile remains elevated in light of China's reopening of its borders after a three-year closure. On the same line, Guo Shuqing, party secretary of the People's Bank of China, made his remarks (PBOC).

 

Reuters, transmitting China unlock news, claimed that "about 2 billion journeys are anticipated this season, roughly doubling the volume of previous year, and recovering to 70% of 2019 levels," citing a statement from the Chinese government.

 

On the other side, PBOC's Shuqing stated, "The world's second-largest economy is likely to recover rapidly due to the country's optimal Covid-19 response and the continued implementation of its economic policies."

 

The US Dollar Index (DXY) fell the most in three weeks the day before, down 0.20% intraday to 103.70 as of press time, as the US employment report failed to excite greenback purchasers and the US activity numbers stoked fears of an economic slowdown. It's worth mentioning that the previous day's disappointing US wage growth, ISM Services PMI, and Factory Orders weighed on Treasury bond yields and the DXY.

 

On a different page, reports regarding a delay in the restoration of the colonial pipeline and the Russia-Ukraine conflict appear to also benefit energy buyers. Traders fear additional rate hikes ahead of the release of the Consumer Price Index (CPI) for December from China and the United States on Wednesday and Thursday, respectively, which tests the positive momentum.

Suggestion