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The chart shows that at 23:00 Beijing time on February 12, there will be large foreign exchange options contracts for EUR/USD, USD/JPY, etc. One contract has a strike price of over 1 billion. Please manage your risk accordingly.February 12 – On February 12, Foreign Ministry Spokesperson Lin Jian hosted a regular press conference. An AFP reporter asked about Lai Ching-tes remarks. Lin Jian stated that Lai Ching-tes remarks once again exposed his stubborn "Taiwan independence" nature, fully proving that he is a peace disruptor, crisis instigator, and war instigator, and fully demonstrating that "Taiwan independence" is the root cause of instability and chaos in the Taiwan Strait. Lin Jian pointed out that no matter what Lai Ching-te says or does, it cannot change the historical and legal fact that Taiwan is part of Chinas territory, cannot shake the international communitys adherence to the one-China principle, and cannot stop the historical trend of Chinas eventual reunification. Seeking "independence" through external forces and resisting reunification by force is like an ant trying to shake a tree—doomed to failure!ECB Governing Council member Villeroy: Frances first-quarter economic growth is expected to be in line with the projected 1% annual growth rate for 2026.February 12 - Today, the Taiyuan Satellite Launch Center in my country successfully launched seven satellites into space using a Jielong-3 carrier rocket from the sea area near Yangjiang, Guangdong. These satellites include the Pakistan PRSC-EO2 satellite, the CUHK-1 satellite, the Power Infrared Satellite A, the Shutianyuxing 03-05 satellites, and a space environment monitoring satellite. All satellites successfully entered their predetermined orbits, marking a complete success for the launch mission.A market director at Mizuho Bank said the Bank of Japan will adjust its monetary policy based on economic growth and other improvements.

0.8450 is being reached by EUR/GBP as the prospect of a UK recession looms

Daniel Rogers

Aug 05, 2022 14:46

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Following a huge upward rise from 0.8360 on Thursday, the EUR/GBP pair has subsequently turned sideways around 0.8430 in the Tokyo session. After the Bank of England (BOE) hiked interest rates by 50 basis points, the cross displayed a significant upward rise (bps) (bps). The BOE lifted interest rates by 50 basis points in succession, bringing them to 1.75 percent.

 

The investing community is aware that UK household earnings have been unsteady during the preceding few months. In addition, the economy's inflation rate is fast expanding. The inflation rate was 9.4 percent prior. The recent statement by BOE Governor Andrew Bailey that price increases might exceed 13 percent has sent shockwaves across the market.

 

The runaway inflation is now escalating, leaving the BOE with very little flexibility to tighten its monetary policy. The BOE is in poor shape as a result of the dismal economic data and the continuing political upheaval following the departure of UK Prime Minister Boris Johnson. A recession in the UK economy is extremely probable in the case that the inflation rate is close to 13 percent.

 

German manufacturing order numbers for the Eurozone have decreased by 0.4 percent against an anticipated 0.8 percent decline and a prior monthly contraction of 0.2 percent. Falling orders from factories indicate sluggish demand in Germany as a whole. It is vital to remember that Germany is a key element of the European Union (EU), and that economic data from Germany has a huge effect on people who favor the common currency.


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