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The yield on Japans 30-year government bonds rose 3.0 basis points to 3.405%.Fulian Holdings (00459.HK): Trading in the companys shares will be temporarily suspended from 1 p.m.On December 3, Innoscience (02577.HK) announced that on December 2, the U.S. International Trade Commission (ITC) issued its ruling on the Section 337 investigation initiated by Infineon against Innoscience. In the two patents involved, the ITC ruled that Innoscience did not infringe on one patent, and that Innosciences circumvention design (a design currently used in its products) did not infringe on the other patent. This ITC ruling further clarifies Innosciences intellectual property status and will remove obstacles to its future global development. The company will continue to respect and protect intellectual property rights and is committed to providing global customers with superior silicon-based gallium nitride power solutions.On December 3rd, William Blair analyst Alexandra Symeonidi stated that golds upward momentum may face challenges as asset allocation shifts back to risk assets if market sentiment improves next year. She noted that while gold futures open interest is above the long-term average, it is well below this years peak, potentially indicating a weakening of optimism in the gold market after the strong start to the year. In a report, the analyst pointed out that investors may increase their gold allocations given sticky inflation during a rate-cutting cycle. Symeonidi also believes that "central bank demand for gold is more structural, given the increasing US fiscal deficit and the low proportion of gold held in foreign exchange reserves by emerging market central banks."The yield on Japans 40-year government bond rose 3.0 basis points to 3.715%.

Since the focus has shifted to the Fed's policies and oil prices have increased, the USD/CAD has remained relatively stable at 1.2900

Daniel Rogers

Jul 25, 2022 11:46

截屏2022-07-25 上午9.52.23.png 

 

For now, the USD/CAD is struggling due to its inability to stay above the 1.2920 level. Selling pressure and a decrease in the asset are to be expected as investors await the Federal Reserve's interest rate announcement (Fed). The asset has been trading in a range of 1.2855 to 1.2937, but it showed strong recovery on Friday after maintaining its position around the weekly support level.

 

On Wednesday, the Federal Reserve (Fed) will declare its monetary policy, hence the US dollar index (DXY) is likely to remain quiet until after the Fed's announcement. Because of the ongoing damage to US households from rising prices, an announcement of a rate hike is expected soon. The scale of the same, though, will remain the primary worry. There is a good possibility that the Fed will implement a second rate hike of 75 basis points (bps).

 

There is no question that the financial community has not found a significant indication that may suggest that the pricing pressures have reached their limit, but slowdown indicators have intensified as Friday's PMI remained negative and big-name Wall Street earnings are not appealing to investors.

 

The loonie remained weak even after the release of Canada's Consumer Price Index (CPI). Total inflation for the year was 8.1%, which was up from 7.7% in the previous report but lower than the 8.4% forecast. There was also a rise of 10 basis points in the core CPI, which now stands at 6.20 percent rather than the previous edition's 6.10 percent.


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