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The Ministry of Industry and Information Technology (MIIT) has publicly solicited opinions on the approval of 89 communication industry standards, including the "Guideline for Computing Power Network Security for Vehicle-to-Everything (V2X) Applications".On September 11, a special meeting on promoting the construction of the Hengqin Guangdong-Macao In-Depth Cooperation Zone was held in Hengqin on the 10th. The meeting thoroughly studied and implemented the spirit of General Secretary Xi Jinpings important instructions and directives on the construction of Hengqin, accelerated the implementation of the "package of policies and measures for further promoting the construction of the Hengqin Guangdong-Macao In-Depth Cooperation Zone," supported Macao in actively aligning with the national "15th Five-Year Plan" and implementing the SARs new five-year plan, and promoted the construction of Hengqin to a new level, making new contributions to the moderate diversification of Macaos economy. Xia Baolong, Director of the Hong Kong and Macao Affairs Office of the Central Peoples Government and Director of the Hong Kong and Macao Affairs Office of the State Council, attended the meeting and delivered a speech.On September 11th, analyst Mike Cahill pointed out that if the CPI data is stronger and the result is sufficiently broad-based, the Federal Reserve might take action, as this would deviate from the policy framework proposed by Williams and Waller this summer. Weaker data should be sufficient for the Fed to maintain interest rates without triggering an adverse market reaction. However, if the data is in the middle range, the situation will be more complicated, as the market is clearly uneasy about the Fed remaining on hold with inflation around 2.5%. Overall, Cahill believes that the weakening dollar reflects several factors, including the Feds tendency to keep interest rates unchanged and the Treasurys demonstrated policy preference of allowing the foreign exchange market to adjust rather than putting pressure on the fixed-income market.On September 11, the Ministry of Industry and Information Technology (MIIT) held a press conference to introduce the development of my countrys intelligent connected new energy vehicle industry. Guo Shougang, Director of the Equipment Industry Department of MIIT, stated at the conference that the next step will be to further strengthen inter-departmental collaboration and persistently promote the work of regulating competition in the automotive industry, safeguarding the high-quality development of the industry. This includes continuously regulating industry competition, thoroughly addressing online irregularities, and guiding and standardizing new car launches and product evaluation activities. It also involves strengthening supervision and rectification of automakers that extend payment terms in disguised forms, improving the standardization and institutionalization of payment procedures, and increasing regulatory enforcement against suspected violations to resolutely maintain a healthy, orderly, and fair market environment.On September 11, 2026, Vicor Corporation filed an application with the U.S. International Trade Commission under Section 337 of the Tariff Act of 1930, alleging that certain vertical power delivery systems, components thereof, and computing systems containing the same, exported to, imported into, and sold in the U.S., infringe its patent rights. Vicor requested a Section 337 investigation and the issuance of a limited exclusion order and a cease and desist order. Five Chinese companies are involved in the case.

Gold Price Forecast: XAU/USD views $1,800 as upbeat US labor market fuels hawkish Fed wagers

Alina Haynes

Mar 09, 2023 13:55

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Gold price (XAU / USD) appears vulnerable above $1,810.00 as the upside appears constrained by rising Federal Reserve rate expectations (Fed). The precious metal is anticipated to resume its decline as strong United States Employment data reported by Automatic Data Processing (ADP) has confirmed that January's strong consumer spending and higher payrolls were not a one-time blow to the Consumer Price Index's decline (CPI).

 

S&P500 futures have given up the slight gains they made on Wednesday during the Asian session. As China's CPI and Producer Price Index (PPI) figures indicate deflation, the risk-aversion theme has intensified. The US Dollar Index (DXY) has maintained a sideways trend above 105.20 as investors await the publication of US Nonfarm Payrolls (NFP) data for fresh direction signals. The alpha provided by 10-year US Treasury bonds has risen above 3.98 percent.

 

The official US Employment data is expected to indicate a decline in the payrolls to 203K from the former release of 514k. A figure of 203K is not as terrible as January's 514K figure, but it appears insignificant in comparison. Investors should be aware that a figure of 514K in the last seven months was exceptional.

 

Aside from that, it is anticipated that the unemployment rate will remain at a multi-decade low of 3.4%. The Average Hourly Earnings are expected to ascend to 4.8% on an annual basis. Household income may increase consumer expenditure. Jerome Powell, the chairman of the Federal Reserve, has already confirmed that the Fed will increase interest rates in order to reduce inflation.