EUR/USD 1.19879
-0.426%
Gold 5293.96
2.226%
Oil 62.315
-0.179%
USD/JPY 152.681
0.333%
GBP/USD 1.37935
-0.394%
GBP/JPY 210.605
-0.037%
Browse More
  • English
  • 简体中文
  • 繁體中文
  • Tiếng Việt
  • ไทย
  • Indonesia
Subscribe
Real-time News
New York gold futures surged 4.00% intraday, currently trading at $5286.10 per ounce.On January 28th, China Railway Industry Corporation (CRIC) announced that its newly signed contracts for 2025 amounted to RMB 44.396 billion, a year-on-year decrease of 7.79%. Among these, the business of special engineering machinery and related services increased by 6.70% year-on-year, while the business of transportation equipment and related services decreased by 11.90% year-on-year. The total value of major contracts signed/won in the fourth quarter was RMB 2.532 billion, accounting for approximately 8.73% of the companys operating revenue in 2024.Eurozone money markets currently estimate a 25% probability of the European Central Bank cutting interest rates by July, compared to 15% on Tuesday.1. Bank of America: The Federal Reserve will cut interest rates twice in 2026, in June and July respectively. 2. Goldman Sachs: Expects the Federal Reserve to implement two rate cuts this year, with the first cut in June. 3. Morgan Stanley: Expects the Federal Reserve to cut interest rates by 25 basis points each in June and September. 4. Barclays: Expects the Federal Reserve to cut interest rates by 25 basis points each in June and December this year. 5. EY Bordrin: Expects the Federal Reserve to cut interest rates by a total of 50 basis points this year, but not until the second half of the year. 6. JPMorgan Chase: No longer expects the Federal Reserve to cut interest rates in 2026; the next action is expected to be a 25 basis point rate hike in the third quarter of 2027. 7. KBC: The next rate cut may not come until March, by 25 basis points. A further 25 basis point cut may be made in the second quarter to reach the neutral interest rate level. 8. Oxford Economics: The Federal Reserve will maintain its policy unchanged until June. A decline in inflation will allow the Federal Reserve to lower interest rates sooner if the labor market weakens further. 9. ING: The baseline forecast is for the Fed to cut rates in March and June, but the apparent risk now is that this pace could be delayed by three months overall. The Feds "dual mandate" will face more pressing pressure to achieve a rate cut in March. 10. ANZ: A pause in rate cuts in January was appropriate, but a prolonged pause is unnecessary. They forecast the FOMC to cut rates by 25 basis points each in March and June. 11. Wells Fargo: Given the two months of economic data to be released before the March meeting, rate cuts could come earlier, in March and June. The risk to their forecast leans towards a delay in the timing of rate cuts.The China Earthquake Networks Center automatically determined that an earthquake of approximately magnitude 3.3 occurred at 15:27 on January 28 near Sunan County, Zhangye City, Gansu Province (38.93 degrees north latitude, 98.22 degrees east longitude). The final result is subject to the official rapid report.

Despite the RBNZ's pessimistic expectations, the AUD/NZD crosses a new weekly high of 1.1090

Alina Haynes

Jul 08, 2022 11:35

 截屏2022-07-08 上午9.51.28.png

 

Early in the Tokyo trading session, the AUD/NZD pair hit a new weekly high of 1.1088. Since the Reserve Bank of Australia announced a rate increase during the previous two trading sessions, the cross has been in the hands of bulls (RBA).

 

RBA Governor Philip Lowe announced a 50 basis point (bps) increase in interest rates this week. The Official Cash Rate (OCR) has been raised by the RBA to 1.35 percent. The announcement matched the expectations of market participants. Due to rising prices for food and fossil fuels, pricing pressures in the Australian economy are getting worse. As a result, the first quarter of CY2022 saw an inflation rate of 5.1%.

 

The Australian Trade Balance has made the Australian dollar more valuable relative to the New Zealand dollar. The monthly economic figures came in at 15,965M, above the 10,725M projected and the 13,248M reported in the prior report.

 

Investors' attention will be focused on the Australian jobs data the following week. Market analysts anticipate that the Employment Change will remain at 25k, a significant drop from the prior estimate of 60.6k.

 

Investor focus has shifted to the Reserve Bank of New Zealand's interest rate decision on the kiwi front (RBNZ). In view of the growing inflation rate, RBNZ Governor Adrian Orr may raise the OCR further. The RBNZ's OCR is at 2 percent. The RBNZ has raised interest rates at a quicker rate than other Western leaders, which is noteworthy. The objective of neutral interest rates will be achieved more quickly.

Suggestion