EUR/USD 1.19914
-0.397%
Gold 5293.24
2.212%
Oil 62.326
-0.162%
USD/JPY 152.595
0.277%
GBP/USD 1.37969
-0.370%
GBP/JPY 210.537
-0.070%
Browse More
  • English
  • 简体中文
  • 繁體中文
  • Tiếng Việt
  • ไทย
  • Indonesia
Subscribe
Real-time News
New York gold futures surged 4.00% intraday, currently trading at $5286.10 per ounce.On January 28th, China Railway Industry Corporation (CRIC) announced that its newly signed contracts for 2025 amounted to RMB 44.396 billion, a year-on-year decrease of 7.79%. Among these, the business of special engineering machinery and related services increased by 6.70% year-on-year, while the business of transportation equipment and related services decreased by 11.90% year-on-year. The total value of major contracts signed/won in the fourth quarter was RMB 2.532 billion, accounting for approximately 8.73% of the companys operating revenue in 2024.Eurozone money markets currently estimate a 25% probability of the European Central Bank cutting interest rates by July, compared to 15% on Tuesday.1. Bank of America: The Federal Reserve will cut interest rates twice in 2026, in June and July respectively. 2. Goldman Sachs: Expects the Federal Reserve to implement two rate cuts this year, with the first cut in June. 3. Morgan Stanley: Expects the Federal Reserve to cut interest rates by 25 basis points each in June and September. 4. Barclays: Expects the Federal Reserve to cut interest rates by 25 basis points each in June and December this year. 5. EY Bordrin: Expects the Federal Reserve to cut interest rates by a total of 50 basis points this year, but not until the second half of the year. 6. JPMorgan Chase: No longer expects the Federal Reserve to cut interest rates in 2026; the next action is expected to be a 25 basis point rate hike in the third quarter of 2027. 7. KBC: The next rate cut may not come until March, by 25 basis points. A further 25 basis point cut may be made in the second quarter to reach the neutral interest rate level. 8. Oxford Economics: The Federal Reserve will maintain its policy unchanged until June. A decline in inflation will allow the Federal Reserve to lower interest rates sooner if the labor market weakens further. 9. ING: The baseline forecast is for the Fed to cut rates in March and June, but the apparent risk now is that this pace could be delayed by three months overall. The Feds "dual mandate" will face more pressing pressure to achieve a rate cut in March. 10. ANZ: A pause in rate cuts in January was appropriate, but a prolonged pause is unnecessary. They forecast the FOMC to cut rates by 25 basis points each in March and June. 11. Wells Fargo: Given the two months of economic data to be released before the March meeting, rate cuts could come earlier, in March and June. The risk to their forecast leans towards a delay in the timing of rate cuts.The China Earthquake Networks Center automatically determined that an earthquake of approximately magnitude 3.3 occurred at 15:27 on January 28 near Sunan County, Zhangye City, Gansu Province (38.93 degrees north latitude, 98.22 degrees east longitude). The final result is subject to the official rapid report.

Bears on the AUD/NZD pair are watching 1.1080

Alina Haynes

Aug 09, 2022 15:04

 截屏2022-08-09 上午10.11.28.png

 

The AUD/NZD exchange rate is stable at the Tokyo open and has fluctuated today between 1.1091 and 1.1115 as a result of the Reserve Bank of New Zealand's projections for inflation at the beginning of the week and strong Chinese data.

 

According to analysts at Westpac, as inflation expectations fall, the RBNZ will become more assured that the risks of high inflation becoming ingrained in the economy are waning. This is especially relevant in light of the multi-decade high actual inflation rate and related concerns of a wage-price spiral, analysts said.

 

Analysts did note, however, that the poll "The evidence that there are still strong inflation pressures in the New Zealand economy supports raising interest rates. At the RBNZ policy meeting the following week, a further 50bp increase is anticipated.

 

The New Zealand dollar has since made up all of the losses suffered after Friday's strong US Nonfarm Payrolls report. US bond yields have decreased, which has led to a rise in risk and a decline in the value of the dollar. The most recent surge in NZD strength, according to analysts at ANZ Bank, appears to be the outcome of a stronger AUD, which has reclaimed the lead as markets take in strong Chinese trade data.

 

"Before the critical US Consumer Price data for July is released tomorrow evening, it is doubtful that the NZD will increase much. The Fed's (and the US bond market's) main concern is that monthly core readings will continue to be elevated, even though annual headline inflation may calm down. The specifics will determine if this results in a resurgence of USD strength.


Suggestion