EUR/USD 1.16801
0.015%
Gold 4634.89
0.391%
Oil 85.115
-1.362%
USD/JPY 158.879
-0.073%
GBP/USD 1.36474
0.006%
GBP/JPY 216.834
-0.067%
Browse More
  • English
  • 简体中文
  • 繁體中文
  • Tiếng Việt
  • ไทย
  • Indonesia
Subscribe
Real-time News
According to the Wall Street Journal, sources familiar with the matter revealed that California is expected to require Paramount to divest some of its cable television channels and pledge to keep its film studios independent from Warner Bros. ahead of the merger between Paramount and Warner Bros.As of 10:23 on August 24, in terms of capital inflows into domestic futures main contracts, Shanghai Gold 2610 saw an inflow of 1.004 billion yuan, Shanghai Copper 2610 saw an inflow of 933 million yuan, and Lithium Carbonate 2701 saw an inflow of 856 million yuan. In terms of capital outflows, CSI 1000 2609 saw an outflow of 7.601 billion yuan, CSI 2609 saw an outflow of 4.226 billion yuan, and CSI 2609 saw an outflow of 3.337 billion yuan.On August 24th, Futures News reported that Indonesian Coordinating Minister for Economic Affairs Airlangga Hattato stated that the government will not impose export taxes or windfall profits taxes on key commodities such as coal and nickel this year. Airlangga made these remarks in an interview at his office on Friday (August 21, 2026), stating, "The windfall profits tax has not been implemented this year." When asked if it would be implemented next year, he responded that the relevant policy had not yet been discussed in detail. Previously, driven by rising coal prices due to escalating conflicts in the Middle East, the government had actively promoted the imposition of export taxes on these commodities. Finance Minister Purbaya Yudi Sadeva previously stated that the implementation plan for a coal export tax was still under discussion, but also pointed out that the government expected to obtain additional revenue through revisions to the RKAB in 2026. Purbaya stated that President Prabowo had instructed Energy and Minerals Minister Bahriel to revise the 2026 coal production quotas. He added that increased production due to rising coal prices would bring additional revenue to the country, but did not disclose the specific amount. Export taxes are an international trade tax tool levied by Indonesia on specific exported goods, and the revenue has fluctuated in recent years with changes in global commodity prices and export policies.Gold prices rose to their highest level in over three months on Monday, supported by a weaker dollar, as market focus shifted to key US inflation data and Federal Reserve Chairman Warshs speech later this week. Tim Waterer, chief market analyst at KCM Trade, said gold started the week strongly, regaining buying support, primarily driven by a weaker dollar. The market is also paying closer attention to signals that rising yields may signal underlying economic pressures and policy uncertainty. The market will be watching the July PCE price index and Warshs speech at the Jackson Hole symposium this week for new clues about the interest rate outlook. "Traders will be closely watching for any changes in his tone regarding the policy path and how that rhetoric resonates with recent bond market movements. A balanced or cautious tone, leaving room for policy flexibility, could open the door for further gains in gold prices."On August 24th, the Cyberspace Administration of China (CAC) launched a special campaign to "clean up the online entertainment livestreaming scene and rectify the chaos." The CAC has focused on prominent issues such as vulgar and inappropriate content, rules designed to incentivize tipping, and infringement on the rights of minors in entertainment livestreaming. It has continuously intensified its crackdown on illegal and irregular entertainment livestreaming, and has so far dealt with over 7,200 illegal livestreaming rooms and severely punished over 2,200 illegal accounts. Simultaneously, it has guided websites and platforms to remove and dispose of a number of problematic MCN (Multi-Channel Network) agencies involved in livestreaming, issued 17 governance announcements, and publicly exposed typical cases to create a strong deterrent. As a result of the campaign, vulgar content in entertainment livestreaming has significantly decreased, and illegal behaviors such as inducing tipping have been effectively curbed, leading to a marked improvement in the livestreaming ecosystem. Moving forward, the CAC will continue to maintain a high-pressure, strict regulatory stance, intensify its investigation and punishment of illegal accounts and agencies in entertainment livestreaming, guide and urge websites and platforms to improve their entertainment livestreaming management mechanisms, enhance their technical governance capabilities, continuously optimize functions and gameplay, and promote a healthy, orderly, and clean entertainment livestreaming ecosystem.

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

 EUR:USD.png

 

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.


Suggestion