EUR/USD 1.15904
-0.189%
Gold 4366.89
-0.895%
Oil 90.605
2.480%
USD/JPY 158.474
0.023%
GBP/USD 1.33968
-0.305%
GBP/JPY 212.309
-0.219%
Browse More
  • English
  • 简体中文
  • 繁體中文
  • Tiếng Việt
  • ไทย
  • Indonesia
Subscribe
Real-time News
On Tuesday, March 24, the Hang Seng Index opened 377.35 points higher, or 1.55%, at 24,759.82; the Hang Seng Tech Index opened 61.1 points higher, or 1.3%, at 4,773.58; the H-share Index opened 89.07 points higher, or 1.07%, at 8,396.89; and the Red Chip Index opened 39.86 points higher, or 0.96%, at 4,179.96.Hang Seng Index futures opened 1.93% higher at 24,837 points, a premium of 442 points.On March 24th, the Shenzhen Development and Reform Commission released the "Shenzhen 2026 Work Plan for Optimizing the Market-Oriented Business Environment" on March 23rd. The plan proposes to broaden the scope of private investment. It will formulate and implement a new mechanism for public-private partnerships (PPP), and continuously increase the promotion of major projects to private capital. It supports private capital participation in projects with certain returns, including railways, nuclear power, hydropower, inter-provincial and inter-regional DC transmission channels, oil and gas pipelines, imported liquefied natural gas receiving and storage facilities, and water supply. For eligible projects, private capital can hold more than 10% of the shares. The plan further strengthens government procurement support for SMEs. For engineering procurement projects exceeding 4 million yuan that are suitable for SMEs, in addition to reserving more than 40% of the total budget specifically for SMEs, the reserved ratio will be further expanded. Procurement units are encouraged to increase the prepayment ratio for contracts with private enterprises to more than 30% of the contract amount.The main Shanghai gold futures contract fell more than 2.00% intraday, currently trading at 969.12 yuan/gram.Japanese Prime Minister Sanae Takaichi: Japan will begin releasing national oil reserves on Thursday. The release will begin in conjunction with oil-producing countries by the end of March.

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