EUR/USD 1.14864
0.100%
Gold 4382.05
0.932%
Oil 95.403
-1.153%
USD/JPY 156.749
0.501%
GBP/USD 1.33941
0.273%
GBP/JPY 209.959
0.779%
Browse More
  • English
  • 简体中文
  • 繁體中文
  • Tiếng Việt
  • ไทย
  • Indonesia
Subscribe
Real-time News
According to the Wall Street Journal, NASA and Boeing (BA.N) are discussing enabling the Starliner to perform more than 10 flight missions in the future.Fitch affirmed Chiles rating at A- with a stable outlook.On September 19th, the United States warned its allies that deliveries of some key weapons could be delayed by up to five years due to the significant depletion of its own munitions stockpiled during the war with Iran. Several officials stated that orders for Tomahawk cruise missiles and the Tefeng long-range launch system from European countries like Germany are facing delays due to insufficient US stockpiles, and some Eastern European countries reliant on US weapons are also affected. The US military consumed a large amount of advanced munitions during the war with Iran, including more than half of its advanced Patriot interceptor missiles, about one-third of its Tomahawk missiles, and nearly half of its precision-guided missiles and THAAD interceptor stockpile. The Pentagon acknowledged that the large-scale use of munitions exposed strategic stockpile shortages and bottlenecks in military production capacity. Currently, US defense contractors are expanding production capacity, with Lockheed Martin planning to increase the annual production of PAC-3 Patriot missiles. Meanwhile, Ukraine urgently needs more Patriot air defense interceptors, but the US policy of prioritizing its own stockpiles has also increased supply pressure.September 19th - Due to the shutdown of Saudi Arabias east-west oil pipeline, European refiners are scrambling for alternative sources, while soaring fuel prices are further pushing up crude oil procurement costs. Following the attack on its pipelines leading to the Red Sea, Saudi Aramco is seeking to increase crude oil shipments through the Strait of Hormuz. This week, Asian buyers purchased tens of millions of barrels of Saudi crude from the vicinity of the strait. However, this adjustment also means that these shipments are further away from European refiners eager for supplies. On Friday, the North Sea crude premium surged to a record high. This comes after Saudi Aramco informed its European customers that it would be unable to supply them with crude oil next month according to long-term agreements. Traders involved in the market said that Norwegian Johan Sverdrup crude, which is similar in quality to Saudi crude, is priced at up to $35 per barrel higher than the Brent spot benchmark. Less than two weeks ago, the premium for the same grade was only 60 cents per barrel. The surge in spot crude prices indicates that European refineries are sparing no expense to secure crude oil supplies and maintain sufficiently high refinery operating rates to alleviate fuel supply shortages. Diesel prices in the region have now risen to over $200 per barrel.On September 19th, US President Donald Trump announced an immediate ban on CNN, MSNBC (renamed MSNOW), and Politico from entering the White House, citing his accusations that these media outlets have long published "fake news." Trump stated that media outlets should not publish what he considers "fictional" and "false" content when reporting on the US president, the Trump administration, or US affairs, and indicated that other media organizations may face similar restrictions. Trump also criticized Politico for receiving an $8 million subscription contract from the Biden administration, claiming the deal was problematic.

Before the US NFP, the USD/JPY is likely to decrease to roughly 132.00

Alina Haynes

Aug 05, 2022 14:49

截屏2022-08-05 上午9.50.18.png 

 

The difficulties that the USD/JPY pair met around 133.00 during the Asian session are now in full force. As investors predict a disappointing result from the US Nonfarm Payrolls (NFP) data, the asset has printed a low of 132.77 and is projected to decrease further to about 132.00.

 

JP Morgan experts projected that the US Nonfarm Payrolls (NFP) will be poorer than expected at 200K in the July labor market statistics, compared to the consensus expectation of 250k jobs gained in the month. The US economy produced 372k new jobs in the labor market in June. The labor market is under great pressure as a result of data showing a continued fall in job creation. The unemployment rate, though, will be constant at 3.6 percent.

 

Increased labor market dangers are a result of rising interest rates and their compounding impacts. Due to pricey dollars, business players are unable to invest without reluctance. Low investment possibilities cannot thus speed the process of creating jobs.

 

Despite the Federal Reserve (Fed) policymakers' enhanced interest rate ambitions, the US dollar index (DXY) has thrown up the support of 106.00. According to Cleveland Fed President Loretta J. Mester, ending the policy tightening program without detecting a decline in the inflation rate for several months is not conceivable at interest rates above 4 percent .

 

Tokyo's entire household expenditure has dramatically climbed from the previous report of -0.5 percent and the predictions of 1.5 percent to 3.5 percent. As an inflation indicator, the economic data may aid the yen bulls. The economic data have greatly improved, which means that the inflation rate may climb much further. The findings may, however, be largely impacted by growing energy expenditures. However, a hike in the labor cost index is shortly to come in order to keep the inflation rate over 2 percent.


Suggestion