EUR/USD 1.18216
0.380%
Gold 4953.26
3.668%
Oil 63.301
0.599%
USD/JPY 157.095
0.042%
GBP/USD 1.36182
0.647%
GBP/JPY 213.938
0.708%
Browse More
  • English
  • 简体中文
  • 繁體中文
  • Tiếng Việt
  • ไทย
  • Indonesia
Subscribe
Real-time News
February 7th - According to the official WeChat account "Pudong Release," the groundbreaking ceremony for the Zeiss Greater China Headquarters Complex was held in the Waigaoqiao Free Trade Zone on the afternoon of February 7th. The new complex represents Zeisss largest single infrastructure investment in China to date, with a planned construction area exceeding 50,000 square meters.On February 7th, Tang Wenkan, Director of the Shanghai Municipal Commission of Economy and Information Technology, stated that Shanghais confidence in the field of artificial intelligence stems from four major advantages: industrial cluster collaboration, mega-city scenarios, a large-scale talent supply, and a complete industrial and financial system. Going forward, Shanghai will focus on three key areas for continued optimization. First, further strengthening the industrial chain. In Shanghai, good models have no shortage of computing power, good applications have no shortage of corpora, and good products have no shortage of chips. Shanghai possesses nearly 10% of the nations computing power, operates the nations first public corpus platform, has launched 138 registered large-scale models, and achieved breakthroughs in multiple intelligent computing chips. In recent years, Shanghai has issued 1 billion yuan annually in computing power vouchers, corpus vouchers, and model vouchers, continuously implementing a series of initiatives including "Speeding Up Shanghais Models, Gathering Power in Shanghais Models, and Accelerating Intelligent Development of Models," and the AI4S "100 Teams, 100 Projects" program. Particularly in the field of embodied intelligence, nearly 40 humanoid robots from Shanghai have moved from the laboratory into daily life, empowering the real economy. Last year, Shanghai Zhiyuan ranked first globally in humanoid robot shipments.February 7 – The Federal Aviation Administration (FAA) announced the conclusion of its investigation into the anomaly surrounding SpaceXs Falcon 9 rocket. The investigation confirmed that there were no injuries or damage to public property, and the FAA has approved the Falcon 9 rockets return to service. The rocket will proceed with its scheduled launch of the latest crewed Dragon spacecraft mission.February 7th - According to State Grid Corporation of China, on February 6th, Zhang Zhigang, Chairman and Party Secretary of State Grid Corporation of China, and Zhang Wenfeng, General Manager and Deputy Party Secretary, held talks at the company headquarters with Jiang Yi, Chairman and Party Secretary of China Huadian Corporation, and Ye Xiangdong, General Manager and Deputy Party Secretary. Both sides stated that, focusing on the "15th Five-Year Plan" development, they will deepen pragmatic cooperation, promote the development and transmission of clean energy from large-scale clean energy base projects such as the "Shagohuang" area, promote the deep integration of technological and industrial innovation, accelerate the construction of a unified national electricity market, and promote high-quality development of energy and power.A Ukrainian security official said: "Ukrainian drones attacked a Russian factory that produces missile fuel components."

Despite caution, EUR/USD continues bids above 1.0250

Daniel Rogers

Aug 15, 2022 14:55

 截屏2022-08-15 上午11.34.43.png

 

After the US sent a delegation to Taiwan over the weekend, despite House Speaker Nancy Pelosi's contentious visit to the disputed island, which enraged Beijing, investors sought protection in government bonds and the dollar in the face of rising US-China threats.

 

Rates are also heavily influenced by the likelihood that the Fed will raise interest rates by 50 basis points (bps) in September as a result of easing US inflation pressures, with all eyes on the FOMC minutes due out on Wednesday for new information on the direction the world's most potent central bank will take its policy.

 

Despite a decline in rates and a sluggish demand for riskier assets in early Asian trades, the US dollar is holding up well. The US dollar index is trading at 105.61, unchanged from its previous close of 105.88 on Friday. Despite Wall Street's stellar performance, a substantial dollar increase was caused by stronger US Michigan Consumer Sentiment data and a dimming US inflation forecast.

 

As the European energy crisis gets worse, the gains in the common currency on the EUR side of the equation are likely to remain small. Germany is already suffering the most as a result of a decrease in Russian gas exports, which is wreaking havoc on the old continent. The Rhine's ebbing waters, which make transport along the river more challenging, could cause a recession in Germany.

 

By the end of the week, the reference level was predicted to drop below 40 centimeters in Kaub, a notorious shipping bottleneck where the Rhine flows shallow and narrow. One of the most significant goods shipped on the waterway is coal.

 

On both sides of the Atlantic, Monday's economic calendar features few noteworthy data releases. As a result, the main currency pair will continue to be influenced by the current market sentiment and dollar price action.

Suggestion