EUR/USD 1.14288
0.208%
Gold 3288.33
0.409%
Oil 69.606
-0.265%
USD/JPY 149.234
-0.177%
GBP/USD 1.32477
0.093%
GBP/JPY 197.707
-0.043%
Browse More
  • English
  • 简体中文
  • 繁體中文
  • Tiếng Việt
  • ไทย
  • Indonesia
Subscribe
Real-time News
Samsung Electronics: Q2 capital expenditure 11.1 trillion won.Oil prices rose on July 31st. US President Trump announced on July 29th that he had set a 10-day deadline for Russia and Ukraine to reach a peace agreement. Russia faces new US sanctions if it fails to make progress. The inventory report released by the US Energy Information Administration (EIA) showed that US crude oil and distillate inventories increased last week, while gasoline inventories declined. The EIA report showed that US commercial crude oil inventories rose by 7.7 million barrels to 426.7 million barrels in the week ending July 25th, compared with market expectations for a 1.3 million barrel decrease. US gasoline inventories fell by 2.7 million barrels to 228.4 million barrels, compared with market expectations for a 600,000 barrel decrease. Distillate inventories, including diesel and heating oil, rose by 3.6 million barrels to 113.5 million barrels, compared with market expectations for a 300,000 barrel increase. The short-term trend is positive, so a wait-and-see approach is recommended.On July 31, the National Development and Reform Commission will hold a press conference at 10:00 a.m. on August 1 (Friday) in the conference room on the third floor of the central annex building of the National Development and Reform Commission to interpret the current economic situation and economic work.On July 31, Microsoft (MSFT.O) US stocks rose 8% in the night session. If this upward trend can be maintained until the opening of Thursday, it will become the second company after Nvidia (NVDA.O) to have a market value of over $4 trillion.Futures market data from July 31st: The Politburo meeting on the 30th did not include new stimulus policies for anti-involutionary policies and real estate. Coking coal prices surged but then retreated. Coking coal prices fell significantly in the night session, influenced by the Federal Reserves unchanged benchmark interest rate meeting. Coking coal prices saw a sharp rebound in prices, with five rounds of price increases underway. Coking coal prices rebounded sharply, but coking plant profits saw little improvement, and independent coking plant operations saw a slight increase. Hot metal prices remained high, supported by strong demand. Coking plants were reluctant to sell, and steel mills were experiencing a slight shortage of incoming supplies. Regarding coking coal, coal mine resumption of production remains disrupted and progress is slow. The number of cars clearing the 288 port of entry for Mongolian coal has rebounded to over 1,000 per day. Downstream procurement has slowed, leading to fewer new orders from coal mines. However, due to strong pre-sales, coal shipments are strong. Overall, while macroeconomic expectations have cooled, anti-involutionary policies may still fluctuate. The fundamentals of coking coal prices remain relatively strong, and short-term market volatility is likely.

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