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On February 12th, the State Administration for Market Regulation released the "Guidelines for Compliance of Pricing Behavior in the Automobile Industry." Currently, the automobile industry suffers from illegal practices such as failure to clearly mark prices as required and price fraud, which harm the interests of consumers and businesses, disrupt fair competition, and hinder the industrys high-quality development. Based on the current realities of the automobile industry, the "Guidelines" further clarify the boundaries of behavior, unify regulatory rules, guide automobile manufacturers and sales companies to operate legally and compliantly, and promote a market order characterized by high quality, fair pricing, and healthy competition. The "Guidelines" specify price compliance requirements at every stage, from vehicle manufacturing to parts production, and from pricing strategies to sales practices. It implements full-process price management, strengthens fair pricing constraints, regulates promotional and pricing behaviors, and cracks down on unfair pricing practices. Focusing on the new car sales stage, it strives to regulate prominent issues such as failure to clearly mark prices as required and false promotions. A risk warning mechanism is established, encouraging platforms to provide two-way warnings about operational and consumer risks associated with significantly low-price behavior.The main contract for the container shipping index (European route) rose by 4.00% during the day, currently trading at 1230.8 points.On February 12th, according to Futures News, the overnight SHIBOR was 1.3680%, up 0.20 basis points; the 7-day SHIBOR was 1.5180%, down 0.50 basis points; the 14-day SHIBOR was 1.5830%, down 1.70 basis points; the 1-month SHIBOR was 1.5500%, down 0.11 basis points; and the 3-month SHIBOR was 1.5800%, unchanged from the previous trading day.Applied Materials: The U.S. Department of Justice and the U.S. Securities and Exchange Commission have concluded their investigations into the company without taking any action.February 12th - Hedge funds are showing a clear shift, increasing bets on a stronger yen amid a rising "buy Japan" trend. Traders say that even though strong US jobs data has weakened market expectations for a Fed rate cut this year, bullish sentiment on the yen is still rising. On Wednesday, the yen rose against the dollar for the third consecutive trading day, remaining strong despite pressure on the dollar following the release of the US non-farm payrolls report. According to data from the Depository Trust & Clearing Corporation (DTCC), on Wednesday, trading volume of USD/JPY put options with a notional size of $100 million or more was about 50% higher than that of call options of the same size. The premium for options betting on or hedging a decline in USD/JPY over the next month has risen to its highest level since February 2nd.

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

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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.