• English
  • 简体中文
  • 繁體中文
  • Tiếng Việt
  • ไทย
  • Indonesia
Subscribe
Real-time News
Hong Kong stocks related to new consumption concepts continued to decline, with Laopu Gold (06181.HK) falling more than 7%, Li Auto (02015.HK), XPeng Group (09868.HK), and Xiaomi Group (01810.HK) falling more than 4%, and Pop Mart (09992.HK) falling more than 3%.On June 25th, Investinglive analysts pointed out that Irans warning to ships transiting the Strait of Hormuz to coordinate with the Iranian Revolutionary Guard directly escalated Irans stance on the issue of transit through the Strait of Hormuz, and will immediately push up risk premiums for tanker freight rates and crude oil prices. The Iranian Islamic Revolutionary Guard Corps warning that ships using unauthorized routes will face penalties is not just rhetoric, but an action statement that gives the Iranian Navy a legal and institutional basis to intercept, board, or seize ships that do not comply with regulations. The mandatory Channel 16 coordination requirement effectively gives Tehran control over information and consent for all ships transiting the strait. For the energy market, the key question is whether this statement is a response to specific alternative routes that the US or Gulf states may propose in the context of normalized shipping after a ceasefire, or whether it represents Irans preemptive defense of its sovereignty before facing pressure to reopen the transit route. Regardless of the interpretation, it is bearish for supply security but bullish for crude oil prices in the near term.According to Japanese sources, the earthquake that struck off the coast of Iwate Prefecture around 10:00 a.m. local time on the 25th has injured at least four people.Market sources indicate that Kioxia plans to list its American Depositary Receipts (ADRs) in the United States in April or May next year.On June 25th, to promote the high-quality and standardized development of my countrys computing power token overseas and address common industry challenges such as cross-border compliance, standards systems, and ecosystem collaboration, the China Academy of Information and Communications Technology (CAICT), in conjunction with several core units across the industry chain, launched the "Computing Power Token Overseas Expansion Ecosystem Plan." This plan, with its core focus on "understanding the situation, building the ecosystem, and optimizing pathways," targets key links and common pain points across the entire computing power token overseas expansion industry chain. Leveraging CAICTs research accumulation and industry resources in computing power, digital infrastructure, and cross-border data compliance, the plan provides the industry with dynamically updated research results and public services, driving the Chinese computing power token overseas expansion industry from its exploratory stage to a standardized, efficient, and sustainable high-quality development phase.

As risk aversion grows as measured by the DXY and as attention turns to the US NFP, USD/CHF goes closer to 0.9600

Alina Haynes

Aug 03, 2022 14:51

 截屏2022-08-03 上午9.47.05.png

 

In reaction to the dismal market environment, the US dollar index (DXY) has gained, and the USD/CHF pair is swiftly approaching the key level of 0.9600. After defending Monday's low around 0.9480, the pair had a greater reverse on Tuesday, as the risk-aversion theme strengthened the attraction of the DXY.

 

Following US House Speaker Nancy Pelosi's travel to Taiwan to support Taiwan's local government despite China's wishes, tensions between the US and China have increased. In reaction to the death threats made against Pelosi during her private travel to Taiwan, the US is anticipated to adopt sanctions against China, which encouraged the gloomy market sentiment.

 

In the meanwhile, the DXY has achieved a three-day high of 106.55, although the gain may wane ahead of Friday's US Nonfarm Payrolls (NFP) data. According to market expectations, the U.S. economy added 250,000 jobs to the labor force in July.

 

During a brief period, a number of significant IT companies in the United States abandoned the hiring process, resulting in payroll statistics that multiplied. If the same thing occurs, the Federal Reserve (Fed) will be compelled to speak less about policy rates.

 

On the Swiss franc front, investors anticipate the release of the Consumer Price Index (CPI) numbers. An early estimate of the annual inflation rate places it at 3.5%, little higher than the prior estimate of 3.4%. As a result, the Swiss National Bank (SNB) will be compelled to boost interest rates.