EUR/USD 1.14404
-0.019%
Gold 4015.33
0.979%
Oil 81.356
3.134%
USD/JPY 162.380
0.010%
GBP/USD 1.34578
-0.153%
GBP/JPY 218.532
-0.116%
Browse More
  • English
  • 简体中文
  • 繁體中文
  • Tiếng Việt
  • ไทย
  • Indonesia
Subscribe
Real-time News
Market news: The Iraqi Ministry of Oil has signed two supplementary agreements with Chevron (CVX.N) to develop oil fields and energy infrastructure.July 18 - The Sichuan Provincial Meteorological Observatory issued a yellow alert for high temperatures at 15:30 on July 18: It is expected that from July 19 to 23, the daily maximum temperature in most parts of the Sichuan Basin will reach 35-39℃, and the daily maximum temperature in some parts of Mianyang, Deyang, Chengdu, Meishan and Leshan, southern Guangyuan, Nanchong, Suining, Ziyang, Neijiang and Zigong may reach 40℃ or above.July 18th - Tencent officially launched its self-developed efficiency agent, WorkBuddy, as a standalone app on July 18th, with simultaneous releases on iOS, Android, and HarmonyOS. As the first general-purpose agent application to be integrated into the HarmonyOS system, the WorkBuddy app not only possesses most of the capabilities of the desktop version but also supports remote task initiation from a mobile phone to a computer.On July 18, 2026, Wang Yi, member of the Political Bureau of the CPC Central Committee and Foreign Minister, met with Lesothos Foreign Minister Tao in Shanghai. Tao was in China to attend the World Artificial Intelligence Conference. Wang Yi welcomed Tao to China to attend the conference and to sign the agreement on establishing the World Artificial Intelligence Cooperation Organization on behalf of the Lesotho government. Wang Yi stated that no country should be left behind in the development of artificial intelligence, especially developing countries, which should enjoy their legitimate rights to technological development. Chinas promotion of the establishment of the World Artificial Intelligence Cooperation Organization is aimed at enhancing the capacity building of countries in the Global South, enabling all countries to jointly embrace the new technological era, and ensuring that artificial intelligence benefits all mankind. Chinas diplomacy has always adhered to the principle of equality among all countries, regardless of size. Although China and Lesotho differ in area and size, they have always been strategic partners of mutual trust and support. China will continue to support Lesotho in safeguarding its sovereignty, security, and development interests, encourage Chinese enterprises to invest and do business in Lesotho, welcome more Lesotho specialty products to be exported to China, and promote bilateral relations to a wider range and a higher level.On July 18th, at the 2026 World Artificial Intelligence Conference, Alibaba Cloud officially launched Agent Native Cloud, along with enterprise-level intelligent agent tools such as AgentTeams and Agentic Computer. These tools cover multiple dimensions, including infrastructure, development platforms, and cloud desktops, transforming agents from mere tools for enterprise access into native enterprise capabilities. Zhou Qi, head of Alibaba Clouds cloud-native application platform, explained at the conference that Alibaba Cloud Agent Native Cloud provides a reliable operating environment at the infrastructure layer. At the platform level, Agent Native Cloud integrates the one-stop infrastructure platform AgentRun, the multi-agent governance and collaboration platform AgentTeams, and the full-stack observation and continuous optimization platform AgentLoop, accelerating the construction, governance, evaluation, and optimization of agents throughout their lifecycle.

Despite the Bank of England's less hawkish forecasts, GBP/USD is expected to rise beyond 1.2170

Daniel Rogers

Aug 04, 2022 11:52

截屏2022-08-04 上午11.47.01.png 

 

The GBP/USD pair has showed a modest retreat after failing to reclaim the 1.2170 resistance level. As the US dollar index (DXY) is projected to extend losses below 106.30, the upside stays favored. After a good fall to the round-number support around 1.2100, the asset has resumed its general uptrend.

 

As investors await the Bank of England's monetary policy decision, the cable might exhibit some volatility in the near future (BOE). In consideration of market expectations, BOE Governor Andrew Bailey will raise interest rates to 1.75 percent as a second successive 50 basis point (bps) increase is anticipated.

 

No one could dispute the reality that households in the United Kingdom are suffering tremendous pricing pressures. The inflation rate has risen to 9.4 percent, and there have been no indicators of a peak as of yet. The rate of inflation might reach double digits if the rate of price growth continues to accelerate, and families will be forced to pay more for identical quantities.

 

Well, a 50 basis point rate boost is insufficient to battle the inflation monster. However, dismal growth estimates and a decrease in the Labor Cost Index prevent the BOE from sounding excessively hawkish.

 

On the dollar front, the US dollar index (DXY) is experiencing uncertain movement as the visit to Taiwan by US House Speaker Nancy Pelosi has exacerbated protracted Sino-US tensions. The United States has held the global leadership position for a considerable amount of time, and China is keen to take over. Therefore, the United States' backing for Taiwan, a country with enormous technical potential, has exacerbated tensions between the United States and China.


Suggestion