EUR/USD 1.17598
-0.123%
Gold 4455.36
-1.676%
Oil 57.851
1.806%
USD/JPY 156.345
-0.091%
GBP/USD 1.34779
-0.184%
GBP/JPY 210.725
-0.274%
Browse More
  • English
  • 简体中文
  • 繁體中文
  • Tiếng Việt
  • ไทย
  • Indonesia
Subscribe
Real-time News
On December 29th, it was reported that on December 26th, the National Energy Administration held a symposium in Kunming, Yunnan Province, on promoting the construction of a high-quality charging infrastructure system by 2025. The meeting emphasized that the next step is to solidly implement the "Three-Year Doubling" action plan for electric vehicle charging facility service capacity by improving facilities, enhancing services, and strengthening safety, thereby accelerating the construction of a high-quality charging infrastructure system. This includes improving the charging infrastructure service network, increasing the coverage of charging facilities in key scenarios such as residential areas and rural areas; optimizing the service efficiency of charging infrastructure, promoting the planning and construction of high-power charging facilities; focusing on improving the quality of charging operation services and effectively protecting consumer rights; accelerating the cultivation of a healthy and positive industrial ecosystem and further promoting the large-scale application pilot of vehicle-to-grid interaction; and strengthening the safety management of charging infrastructure to prevent and resolve safety risks in the charging sector.U.S. Geological Survey: A 5.1-magnitude earthquake struck 115 kilometers south of Kokopo, Papua New Guinea.On December 29th, Changan Automobile announced its plan to issue 630 million A-shares to a specific target, China Changan Automobile, which will subscribe for all shares in cash. Prior to this equity change, China Changan Automobile held 35.07% of the companys shares; after the change, its shareholding will increase to 38.95%. This equity change will not result in a change of the companys controlling shareholder or actual controller. The issuance is subject to several conditions, including approval from the State-owned Assets Supervision and Administration Commission, approval from the companys shareholders meeting, approval from the Shenzhen Stock Exchange, and registration approval from the China Securities Regulatory Commission.Bahrain announced fiscal reforms and approved a new corporate income tax law for local companies.Intel (INTC.O) shares rose 0.5% in pre-market trading after the company sold $5 billion worth of shares to Nvidia under a previous agreement.

Despite encouraging Japanese data, the EUR/JPY crosses above 142.00, with attention turning to German Retail Sales

Alina Haynes

Sep 30, 2022 11:03

 截屏2022-09-30 上午9.56.44.png

 

The Euro Japanese Yen currency pair has shown a meteoric surge after breaking above the 140.00 round figure. During today's Asian trading session, the asset has broken out to the north on a vertical basis, surpassing the nearby level of resistance at 142.00. There has been little selling pressure on the cross since the release of upbeat Japanese economic numbers.

 

The unemployment rate in Japan has remained below the 2.6% mark that was previously announced, in line with forecasts. The ratio of available jobs to applicants rose to 1.32 from 1.30 in forecasts and 1.29 in prior reports.

 

Meanwhile, the latest numbers for retail sales show a sharp increase to 4.1%, well above both the projected 2.8% and the prior result of 2.2%. Positive signs regarding retail demand in the Japanese economy have emerged as a result of the Bank of Japan's continuous monetary stimulus measures (BOJ). The Bank of Japan (BOJ) thinks that in order to restore the growth rate seen before the outbreak, artificial economic stimulants are required. The yearly fall in Industrial Production has reversed, and now stands at -2%.

 

As a result of European Central Bank President Christine Lagarde's hawkish views, the bulls of the shared currency are doing well (ECB). The ECB has already given very detailed recommendations, therefore it is expected that it will tighten its policies even further. At its upcoming monetary policy meeting, the European Central Bank (ECB) is expected to raise its interest rate by 125 basis points (bps).

 

Consumer confidence in the Eurozone has dropped to -28.8, which is in line with projections and the prior survey but still negative. Future attention will be paid to the German Retail Sales numbers. Compared to the previous report, which predicted a 2.6% annual loss, the current research predicts a 5.1% annual decline in economic data.


Suggestion