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On August 31st, to further deepen the reform of medical insurance payment methods, promote the dynamic adjustment of the disease-based payment grouping scheme, and continuously optimize supporting mechanisms such as special case negotiation, the National Healthcare Security Administration organized two special symposiums on the disease-based payment special case negotiation mechanism on the afternoon of August 25th. In conjunction with the upcoming release of the disease-based payment 3.0 grouping scheme, the symposiums sought opinions and suggestions from local healthcare security departments and medical institutions on improving the special case negotiation mechanism. Participants offered suggestions on strengthening management, optimizing processes, and improving efficiency, and generally agreed that the special case negotiation mechanism has played a positive role in alleviating medical institutions concerns about admitting difficult and critically ill patients and supporting the application of new clinical drugs, consumables, and technologies.August 31 – According to Iranian state television today (August 31), the Iranian Islamic Revolutionary Guard Corps stated that a supertanker "caught fire and stopped sailing after being struck by two mines in the Strait of Hormuz." The Revolutionary Guard claimed that the tanker was attempting to "illegally pass through the southern part of the Strait of Hormuz." The Revolutionary Guard emphasized that ships must abide by its regulations regarding passage through the Strait of Hormuz.1. From August 24th to August 30th, 2026, Mysteels global iron ore shipments totaled 35.716 million tons, an increase of 2.727 million tons compared to the previous period. Shipments from Australia and Brazil totaled 28.683 million tons, an increase of 1.989 million tons compared to the previous period. 2. According to CCTV News, data released by ship tracking agency Kepler on August 31st showed that due to concerns about attacks, the number of visible merchant ships passing through the Strait of Hormuz dropped to five per day over the past weekend. 3. Xinhua News Agency reported that the public relations department of the Iranian Islamic Revolutionary Guard Corps said on social media on the 31st that a US MQ-9 Reaper drone was hit by an Iranian missile over the Strait of Hormuz and "crashed into the blue waters of the Persian Gulf." 4. Goldman Sachs more than doubled its forecast for diesel production profits. Goldman Sachs predicts that next year, the average profit per barrel of diesel refined in the US relative to Brent crude will reach $63, and in the EU, $49, higher than previous forecasts of $27 and $19 respectively. 5. Barclays: Expects the Federal Reserve to raise interest rates by 25 basis points each in September and December, up from previous forecasts of no change. 6. According to Indias NDTV: Indian Prime Minister Modi will meet with Iranian President Pezechzian today on the sidelines of the SCO summit in Bishkek, Kyrgyzstan. This is their first meeting since the start of the Iraq War. 7. The Thai government plans to strengthen regulation of the gold trading industry, including online and physical gold trading, to curb money laundering, fraud, and other financial crimes. 8. According to CCTV News, Chinas manufacturing purchasing managers index (PMI) was 49.8% in August, up 0.6 percentage points from the previous month. Huo Lihui, chief statistician of the Service Industry Survey Center of the National Bureau of Statistics, explained that among the 21 industries surveyed, 16 saw an increase in their PMI compared to the previous month, indicating a significant improvement in the manufacturing sectors performance. 9. GEM Co., Ltd.s semi-annual report shows that in the first half of 2026, the companys overseas nickel projects produced 27,790 tons of nickel (including equity participation capacity), which was 40% of the planned amount, a year-on-year decrease of 37%; its self-produced cobalt metal was 2,601 tons, only 40% of the planned amount, a year-on-year decrease of 29%. 10. China National Cotton Reserves Corporation is scheduled to list 8,001.6630 tons of central reserve cotton, totaling 43 bales, for sale through the National Cotton Exchange Market on August 31.Iranian Foreign Ministry: We would like to remind the UN Secretary-General, the President of the Security Council, and all countries that have expressed concern about the ongoing unrest in the Sea of Hormuz and the Persian Gulf that the only factor contributing to the insecurity of shipping in the region is the illegal and aggressive behavior of the US and Israeli regimes.The Iranian Foreign Ministry stated that the US attack on Larak Island was a clear violation of the UN Charter, and called upon and reminded the UN Security Council and its Secretary-General to fulfill their responsibilities in maintaining international peace and security and to hold the aggressor accountable.

EUR/USD Expects Fourth Weekly Gains Above 1.0900 Despite The US Dollar's Rebound Advance Ahead Of US NFP

Daniel Rogers

Apr 07, 2023 11:42

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Despite a recent retreat, the EUR/USD bulls maintain control around 1.0920. This reflects the typical Good Friday inactivity and apprehension ahead of the US Nonfarm Payrolls (NFP) report released early in the day. The major currency pair was volatile on Thursday as a result of the US Dollar's initial rebound on fears of a recession, but ended the day unchanged as disappointing US data contrasted with stronger Eurozone data.

 

Fears of a recession in the world's largest economy were prompted by consecutive lackluster US data and falling US Treasury bond yields, giving USD bears a reprieve on Thursday morning. As traders prepared for the all-important NFP, the dollar's subsequent gains were reversed by another disappointing US employment report.

 

Despite this, US Initial Jobless Claims for the week ending March 31 rose to 228K from 200K anticipated and an upwardly revised 246K the prior week. Notable is the increase in Challenger Job Cuts from 77,77K to 89,703K in the given month.

 

Notably, Reuters fanned fears of a recession by citing the most recent decline in the preferred bond market indicator of Federal Reserve (Fed) Chairman Jerome Powell. The most reliable bond market indicator of an imminent economic contraction, according to Federal Reserve research, is the "near-term forward spread" between the forward rate on Treasury bills 18 months from now and the current yield on three-month Treasury bills.

 

According to Reuters, International Monetary Fund (IMF) Managing Director Kristalina Georgieva stated in prepared remarks on Thursday that the global economy is projected to expand by less than 3% in 2023, a decrease from 3.4% in 2022.

 

In other news, Germany's Industrial Production (IP) increased 0.6% year-over-year in February, versus market predictions of -2.7% and previous readings of -1.7%. Additionally, the monthly figures exceeded expectations by 0.1%, coming in at 2.0% compared to 3.7% previously. On Wednesday, Germany Factory Orders for February improved to -5.7% YoY from -12.0% previously revised down and -10.5% market expectations, while MoM growth came in at 4.8% compared to 0.3% expected and 0.5% previous readings.

 

Wall Street and US Treasury bond yields have both reduced weekly losses as a result of these strategies, but investors remain skeptical.

 

In the context of less liquidity surrounding the March US employment report, sporadic activity on the major markets can keep the EUR/USD inactive and prone to abrupt price swings. Notable is the fact that recent dovish Fed forecasts and disappointing US data generate expectations for a positive surprise and enormous price volatility thereafter.


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