EUR/USD 1.15309
0.026%
Gold 4050.88
-1.284%
Oil 83.139
0.594%
USD/JPY 159.176
-0.208%
GBP/USD 1.34761
0.081%
GBP/JPY 214.510
-0.118%
Browse More
  • English
  • 简体中文
  • 繁體中文
  • Tiếng Việt
  • ไทย
  • Indonesia
Subscribe
Real-time News
August 2nd - According to Yonhap News Agency, Hyundai Motor Company and Kia Motors announced on Sunday that the two South Korean automakers sold over 100,000 electric vehicles in Europe in the first half of this year, aiming to strengthen their position in the region. Hyundai and Kia stated that they plan to sell a total of 131,032 electric vehicles in Europe in the first half of 2026, a significant increase of 41.8% from 92,365 vehicles sold in the first half of the year. The two companies expect that if the current sales momentum continues until the end of the year, annual electric vehicle sales in Europe will exceed 200,000 units for the first time since they entered the European electric vehicle market in 2014. As of May this year, their cumulative electric vehicle sales in Europe surpassed the 1 million mark.On August 2nd, in response to Trumps post claiming an agreement had been reached on the framework of a deal to cancel strikes against Iran, a CNN reporter pointed out that, according to reports from CNN and other media outlets, there is no indication that any proposals currently under discussion equate to "ending the Iranian nuclear threat." Details regarding the Strait of Hormuz remain extremely limited. Sources only indicate that it involves the possibility of some kind of potential agreement with Oman.August 2nd - According to the Beijing Railway Bureau, due to a rain warning, some trains on the Huairou-Miyun Line and the S2 Line of the Beijing Suburban Railway will be temporarily suspended today (August 2nd). Specifically, the following train numbers will be temporarily suspended: Huairou-Miyun Line S503, S504, S513, S514, S517, S518, and S523; S2 Line S205, S206, S287, and S288.On August 2nd, US President Trump posted on social media that the United States is prepared to confront Iran at a level of military deterrence, power, and strength unseen since World War II. Nevertheless, we have just received requests from Iran and other Middle Eastern countries to suspend any attacks, as a framework for an agreement has been reached. This will include the immediate, complete, and total opening of the Strait of Hormuz, and an end to Irans nuclear threat. Based on this request, I agree to cancel any attacks for the future interests of the world, and for the survival of a successful and prosperous Iran, provided that an agreement can be reached swiftly. The State of Israel shares this commitment with me. Lets get started and get this done.On August 2nd, Yin Yong, Deputy Secretary of the Beijing Municipal Committee and Mayor of Beijing, recently conducted research on the development of the pharmaceutical and healthcare industry in the Beijing Economic-Technological Development Area. He emphasized the need to leverage Beijings policy, innovation, and openness advantages in the pharmaceutical and healthcare industry, continuously deepen reforms in the pharmaceutical field, improve industry support policies, unleash the vitality of open development, enhance the development level of the pharmaceutical and healthcare industry, and strive to build a globally competitive pharmaceutical and healthcare industry cluster, thus supporting the high-quality development of the capital city through high-quality industrial development.

Prior to the release of Australian employment data, the AUD/JPY pair attempts to regain 89.00

Alina Haynes

Apr 12, 2023 13:44

 AUD:JPY.png

 

The AUD/JPY pair attempts to reclaim the critical resistance level of 89.00 during the Asian session. Kazuo Ueda, the governor of the Bank of Japan (BoJ), has advocated for an extension of the already decade-long ultra-loose monetary policy in order to consistently achieve an inflation rate above 2%.

 

The decelerating Producer Price Index (PPI) contradicts the optimistic outlook of the Japanese government regarding wage growth. As expected by market participants, the March PPI did not change. The annual PPI came in at 7.2%, which was higher than the consensus estimate of 7.1% but lower than the previous release of 8.1%. The inability of companies to sustain accelerating production rates at factory gates is indicative of weak household demand.

 

Analysts at Commerzbank anticipate that the Japanese Yen will only appreciate over the long term if the current monetary policy is abandoned quickly.

 

Regarding the Bank of Japan's (BoJ) Yield Curve Control (YCC), the IMF has stated that allowing more flexibility in YCC could have repercussions for global markets, but it could also prevent future policy shifts that could result in significant spillovers.

 

Investors are awaiting the March Employment Report for fresh impetus in the Australian Dollar. The market expects the Australian economy to add 20,000 employment, which is less than the previous estimate of 64.6K. While the Unemployment Rate is expected to rise to 3.6% from 3.5% in February, it is anticipated that the Unemployment Rate will increase to 3.6%.

 

Governor Philip Lowe of the Reserve Bank of Australia (RBA) has left the door open for additional rate hikes if Australian inflation persists, so the publication of stronger-than-expected employment gains could reignite fears of additional rate hikes.

Suggestion