EUR/USD 1.18349
0.188%
Gold 3667.55
0.210%
Oil 63.516
-0.141%
USD/JPY 147.285
0.207%
GBP/USD 1.36467
0.170%
GBP/JPY 201.001
0.389%
Browse More
  • English
  • 简体中文
  • 繁體中文
  • Tiếng Việt
  • ไทย
  • Indonesia
Subscribe
Real-time News
Piper Sandler: Raised Reddit (RDDT.N) price target from $210 to $290.Data showed that Russias seaborne exports of petroleum products increased by 8.9% month-on-month in August.On September 18th, the Federal Reserves dot plot projections diverged, with one policymaker projecting a year-end rate of 4.4%, above the new range of 4.00%-4.25%. Meanwhile, another policymaker lowered the policy rate to 2.9% by the end of the year. "I think the market is having a hard time digesting all the information theyre getting," said Josh Hirt, senior US economist at Vanguard. Certainly, the dot plot doesnt give anyone a good idea of how Fed policymakers are making decisions. Such wide disagreements among committee members lead to heightened uncertainty, and increased volatility is a potential consequence of growing dissenting views.Cambricon recently held an online briefing on its 2025 semi-annual results. Cambricon Chairman and General Manager Chen Tianshi stated that since 2024, leveraging its core strengths in AI chip products, the company has continued to deepen its technical collaborations with leading companies in cutting-edge technology fields, achieving breakthroughs in the implementation of its cloud-based product line. Given the robust demand for AI computing power in the AI market, particularly in large-scale models, this commercialization scenario is expected to generate sustained revenue for the company. The companys operating performance for each reporting period is subject to the companys periodic reports and other announcements published in legally required media.According to the Wall Street Journal: Meta Platforms (META.O) is in talks with media companies to reach AI content licensing agreements.

EUR/USD Is Anticipated To Fall Below 1.0950 Due To Market Optimism Regarding US Economic Prospects

Daniel Rogers

Apr 20, 2023 13:54

 EUR:USD.png

 

The EUR/USD pair is expected to decline drastically below the near-term support level of 1.0950 during the Asian session. The major currency pair is attracting bids as the US Dollar Index (DXY) has shown a recovery move and surpassed the 102.00 level of resistance.

 

S&P500 futures have extended their losses during the Asian session in anticipation of the Federal Reserve's (Fed) decision to raise interest rates, which could undermine revenue guidance.

 

According to the Federal Reserve's (Fed) Beige Book minutes, economic activity is stable in the majority of districts. However, loans and advances to businesses and consumers have decreased due to stringent credit conditions imposed by commercial banks in the United States in order to prevent uncertainty in an unstable environment.

 

In the interim, Fed policymakers remain optimistic regarding the economic prognosis due to the labor market's tightness. As reported by Reuters, the president of the Federal Reserve Bank of St. Louis, James Bullard, advocated for the continuation of the central bank's policy tightening in view of the continued strength of labor market data. A Fed official added that the demand for labor has not yet diminished and that a robust labor market results in robust consumer spending.

 

Citi Group forecasts a fourth-quarter recession in the US economy due to the constrained US labor market. Previously, it was anticipated that the United States would enter a recession during the third quarter of 2023.

 

Investors are anticipating the release of Eurozone Consumer Confidence data. Preliminary Consumer Confidence (April) data is anticipated to improve from -19.2 to -18.5. This may be the result of persistently declining inflation in the Eurozone, which reduces the burden on households.


Suggestion