EUR/USD 1.16767
0.025%
Gold 4465.83
0.215%
Oil 56.185
-0.187%
USD/JPY 156.756
0.000%
GBP/USD 1.34586
0.013%
GBP/JPY 210.976
0.027%
Browse More
  • English
  • 简体中文
  • 繁體中文
  • Tiếng Việt
  • ไทย
  • Indonesia
Subscribe
Real-time News
On January 8th, it was reported that Colombian President Petro Perez and US President Donald Trump spoke by phone on January 7th local time. The Colombian Foreign Ministry confirmed that the call lasted approximately 15 minutes.On January 8th, the National Healthcare Security Administration issued a notice on vigorously promoting convenient payment methods such as facial recognition payment, one-code payment, mobile payment, and credit payment, addressing pain points and bottlenecks related to medical treatment and payment. The notice aims to accelerate the implementation of these methods in various medical scenarios and strive to fully establish a convenient medical insurance payment system within approximately three years. According to the notice, the first batch of pilot cities should include at least two cities in each province. Each province must ensure that the first batch of pilot areas and designated medical institutions are effectively implemented by 2026, achieve basic full coverage of all coordinated areas within the province by 2027, and fully implement the system in all eligible designated medical institutions within the province by 2028.Integrated Circuits (Chips): 1. Sources: Baidus AI chip subsidiary plans to raise up to $2 billion in a Hong Kong IPO. 2. Jensen Huang responds to when H200 will be sold to China: Production is accelerating, awaiting final details of licensing. 3. Ministry of Commerce: Initiates anti-dumping investigation into imported dichlorosilane originating from Japan. Artificial Intelligence: 1. Anthropic plans to raise $10 billion at a $350 billion valuation. 2. OpenAI launches ChatGPT Health for analyzing medical outcomes and dietary plans. 3. Arm restructures and establishes a physical AI division to expand its robotics chip technology portfolio. 4. Lenovo partners with Nvidia on a "gigawatt-level AI factory" project to accelerate enterprise AI applications. 5. Eight departments issue "Implementation Opinions on the Special Action of Artificial Intelligence + Manufacturing": By 2027, my country will achieve a safe and reliable supply of key core technologies for artificial intelligence. Other: 1. Chinas space station conducts on-orbit experiments with lithium-ion batteries. 2. Googles market capitalization surpasses Apples for the first time since 2019. 3. Media reports indicate that TikTok Shops GMV will approach $100 billion by 2025. 4. The "Supervision and Management Measures for Live-streaming E-commerce" clarifies four types of responsibilities and is released. 5. Xiaomis new generation SU7 starts at 229,900 yuan. 6. Luobo Express obtains Dubais first fully driverless testing permit, and its first overseas base is simultaneously launched. 7. The U.S. Federal Communications Commission exempts some foreign-made drones from restrictions imposed by the new government. 8. The Honghuang 70 high-temperature superconducting tokamak device completes 120 seconds of steady-state long-pulse plasma operation. Japans overtime pay rose 1.2% year-on-year in November, up from 1.5% in the previous month.Japans November labor cash income rose 0.5% year-on-year, below the expected 2.30% and the previous figure revised from 2.60% to 2.50%.

Despite market skepticism and anticipation of Fed Chair Powell's speech, USD/CHF rallied from 0.9200

Alina Haynes

Jan 10, 2023 15:03

 USD:CHF.png

 

The USD/CHF pair has detected buying activity after dropping close to the round-level support of 0.9200 to begin the Asian session. In spite of the upbeat market sentiment, the Swiss franc extended its rebound above the immediate resistance level of 0.9200.

 

After a corrective move on Monday, S&P500 futures are displaying a mediocre performance as the markets fail to sustain a recovery. Long liquidation was the result of stocks' extended uptrend. The US Dollar Index (DXY) has reestablished its seven-month low at about 102.50, pushed by increased recession fears following a major dip in economic activity and less hawkish monetary policy predictions following a strong drop in wage inflation.

 

As investors' appetite for risk decreases once more, the demand for U.S. government bonds continues to decline. This has contributed to 10-year US Treasury yields exceeding 3.53 percent.

 

Tuesday's highlight will be Federal Reserve (Fed) chairman Jerome Powell's address, which will clarify the monetary policy decision for February. The remarks of Atlanta Fed bank president Raphael Bostic provide investors with a wealth of actionable information. A Fed policymaker forecasts that there will be no recession in CY2023, but has severely reduced GDP projections to 1%. He anticipates that interest rates will have to remain elevated until at least 2024.

 

On the subject of the Swiss currency, the Swiss National Bank (SNB) will be compelled to maintain a modest monetary policy if the Real Retail Sales (Nov) data declines annually. The economic data decreased by 1.3%, when the consensus forecast predicted a 3.0% expansion.


Suggestion