EUR/USD 1.16783
0.003%
Gold 4616.86
2.163%
Oil 86.290
0.427%
USD/JPY 158.995
-0.035%
GBP/USD 1.36466
0.123%
GBP/JPY 216.979
0.098%
Browse More
  • English
  • 简体中文
  • 繁體中文
  • Tiếng Việt
  • ไทย
  • Indonesia
Subscribe
Real-time News
Iranian President Pezechzian: The world is amazed by Iran’s “resistance, unity and cohesion”.Iranian President Pesshizian: Washington made the mistake of predicting before the war that Iran would fall under American aggression and become like Venezuela.August 23 – According to the Financial Times, despite the severe blow to semiconductor products in July and August, investors poured billions of dollars into risk-leveraged funds tracking semiconductor companies in an attempt to prepare for a potential rebound in the sector. Data from Morningstar shows that the largest leveraged exchange-traded fund tracking chip stocks, Direxion Daily Semiconductor Bull 3X Shares, attracted nearly $7 billion in net inflows in the first two weeks of July and August. This ETF offers three times leveraged exposure to the NYSE Semiconductor Index, which includes 30 U.S. chip companies. While the index is down more than 20% from its peak, the fund itself has plummeted 70% from its June peak to its subsequent low. During and after the chip stock crash, individual stock leveraged funds tracking chipmakers SK Hynix and SanDisk also attracted significant inflows. Goldman Sachs U.S. equity strategist Snyder stated: "Buying low and selling high has always been a popular strategy for many leveraged ETFs." However, Barclays head of derivatives research, Angupta, said: "We have noticed many times that the trend of funds flowing into leveraged ETFs is clearly buying on dips. But buying on dips can sometimes be like catching a falling knife."Canadian Prime Minister Carney: Trump “misjudged the situation” and escalated the tariff offensive, putting Canada and the United States “at war” on trade issues.Iranian President Peshizian: We are in the midst of a full-scale economic, military and security war.

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.


Suggestion