EUR/USD 1.15421
-0.163%
Gold 4390.21
1.067%
Oil 81.440
6.779%
USD/JPY 159.300
1.107%
GBP/USD 1.35065
0.069%
GBP/JPY 215.157
1.173%
Browse More
  • English
  • 简体中文
  • 繁體中文
  • Tiếng Việt
  • ไทย
  • Indonesia
Subscribe
Real-time News
On August 11, US President Trump stated on Monday that he and Federal Reserve Chairman Warsh have only had one "brief" conversation since Warsh took office, denying reports of frequent communication between the two. White House National Economic Council Director Hassett stated last week that the two "frequently discuss economic issues," but other sources familiar with the matter said their calls are irregular and infrequent. Earlier reports indicated that Trump had communicated with Warsh multiple times since Warshs confirmation as Fed chairman in May, inquiring about Warshs forecasts and views on the economic outlook. Trump reiterated his desire to lower interest rates but stated that he "100% supports" Warsh, emphasizing that Fed policy is decided jointly by the Board of Governors.Nvidia (NVDA.O) CEO Jensen Huang: (Regarding the $500 billion AI infrastructure financing plan) The related transactions will support the widespread application of artificial intelligence. The funds will all come from third-party capital.Trump Media Technology Group (DJT.O) reported second-quarter revenue of $1.7 million, a net loss of $238.1 million, and an adjusted EBITDA loss of $223.5 million.Sources say Ukraine and Moldova are considering transporting Ukrainian grain via a railway route through Moldova.On August 11th, Nvidia (NVDA.O) announced a strategic partnership with Apollo, BlackRock, Blackstone, Brookfield, Goldman Sachs, and KKR to create an independent computing power financing platform. This platform will mobilize over $500 billion in third-party capital for the long term, supporting the development of artificial intelligence infrastructure. Nvidia stated that the new financing platform will transform Nvidias computing and full-stack AI infrastructure into a globally investable asset class, expanding access to AI factories, enabling long-term revenue linked to usage, and supporting Nvidias ecosystem growth in hardware sales and software applications.

NZD/USD falls rapidly from 0.6260 when the RBNZ announces a decline in inflation projections to 3.07 percent

Daniel Rogers

Aug 08, 2022 12:00

 截屏2022-08-08 上午11.52.29.png

 

The NZD/USD pair has encountered selling pressure while attempting to surpass the immediate resistance level of 0.6260. The asset has seen bids after the Reserve Bank of New Zealand (RBNZ) announced inflation estimates at 3.07 percent, down from 3.29 percent previously. It could be an indication of waning price pressure, but additional evidence is still needed to support the argument.

 

Price pressures in the New Zealand economy are increasing and have not yet shown signs of weariness. A June report indicates that an inflation rate of 7.3% is adequate to generate headwinds for families. The RBNZ is consistently escalating its policy tightening measures to combat the same. RBNZ Governor Adrian Orr has already increased the Official Cash Rate by 2.50 percentage points.

 

On the front of the US dollar, the US dollar index (DXY) has returned all intraday gains and is currently trading near the day's open at 106.60. While attempting to break over the crucial resistance level of 106.80, the DXY has encountered selling pressure. This week, investors' attention is centered on Wednesday's release of the US Consumer Price Index (CPI).

 

The annual inflation rate is projected to continue at 8.7 percent, down from 9.1 percent in the previous report. Oil prices have been on a downward trend in July, which may be the determining factor for a significant decline in the price increase index. While the US CPI excluding volatile food and oil prices may increase from 5.9 percent to 6.1 percent, the previous reading was 5.9 percent.

Suggestion