EUR/USD 1.17941
0.033%
Gold 4728.81
1.505%
Oil 61.947
-0.201%
USD/JPY 155.556
-0.027%
GBP/USD 1.36667
-0.010%
GBP/JPY 212.598
-0.028%
Browse More
  • English
  • 简体中文
  • 繁體中文
  • Tiếng Việt
  • ไทย
  • Indonesia
Subscribe
Real-time News
According to the New York Times: Iranian and U.S. officials have indicated that Iran is willing to shut down or suspend its nuclear program as a major concession to the United States.1. All three major U.S. stock indexes closed higher. The Dow Jones Industrial Average rose 1.05% to 49,407.66 points, the S&P 500 rose 0.54% to 6,976.44 points, and the Nasdaq Composite rose 0.56% to 23,592.11 points. Caterpillar Inc. rose more than 5%, and Walmart Inc. rose more than 4%, leading the Dow. The Wind U.S. Tech Giants Index rose 0.11%, with Apple Inc. rising more than 4% and Google Inc. rising more than 1%. The Nasdaq China Golden Dragon Index fell 0.65%, with XPeng Motors Inc. falling more than 8% and TAL Education Group Inc. falling more than 4%. Investors temporarily ignored the recent declines in silver and Bitcoin, and instead focused on the earnings reports of tech giants and the January non-farm payroll report. 2. All three major European stock indexes closed higher. The German DAX Index rose 1.09% to 24,806.1 points, the French CAC40 Index rose 0.67% to 8,181.17 points, and the UK FTSE 100 Index rose 1.15% to 10,341.56 points. 3. US Treasury yields rose across the board. The 2-year Treasury yield rose 4.71 basis points to 3.572%, the 3-year Treasury yield rose 5.66 basis points to 3.643%, the 5-year Treasury yield rose 4.52 basis points to 3.837%, the 10-year Treasury yield rose 4.39 basis points to 4.279%, and the 30-year Treasury yield rose 4.14 basis points to 4.912%. 4. The WTI crude oil futures contract closed down 4.42% at $62.33 per barrel; the Brent crude oil futures contract fell 4.1% to $66.48 per barrel. 5. International precious metals futures closed mixed. COMEX gold futures fell 1.35% to $4,680.90 per ounce, while COMEX silver futures rose 0.93% to $79.27 per ounce. Federal Reserve officials emphasized that interest rates would not be cut in 2026, maintaining a tight monetary policy. Hawkish nominees for chairman reinforced tightening expectations, boosting the dollar. Geopolitical safe-haven demand weakened, and exchanges increases in margin requirements exacerbated the clearing of leveraged funds. 6. London base metals all fell. LME copper fell 1.96% to $12,900 per tonne, LME zinc fell 2.45% to $3,318.5 per tonne, LME nickel fell 5.06% to $17,045 per tonne, LME aluminum fell 2.78% to $3,056.5 per tonne, LME tin fell 12.22% to $45,605 per tonne, and LME lead fell 1.92% to $1,970.5 per tonne.Nvidia (NVDA.O) shares rose as much as 0.8% in after-hours trading.OpenAI founder Altman: We are delighted to partner with NVIDIA (NVDA.O), whose AI chips are among the best in the world. We hope to become a major long-term customer.According to SEC filings, Berkshire Hathaway (BRK.AN, BRK.BN) sold 1,658,480 shares of DaVita common stock on the open market on January 29 at a price of approximately $120.55 per share.

UK GDP comes into focus when the EUR/GBP crosses a hurdle near 0.8440

Alina Haynes

Aug 11, 2022 12:03

 截屏2022-08-11 上午10.22.00.png

 

During the early Tokyo trading session, selling pressure developed on the EUR/GBP exchange rate towards the significant resistance level (R) of 0.8440. Prior to then, the cross had reversed after a sudden decline to about 0.8420. The German Harmonized Index of Consumer Prices (HICP), which measures consumer price changes, held stable at 8.5%, while the asset declined on Wednesday after breaching a crucial support level of 0.8440. Furthermore, Germany's inflation rate matched expectations.

 

It is interesting that decreased oil prices have led to a dramatic decline in inflation in the US economy. The decline in oil prices should also contain inflation in Germany. This suggests that the ongoing energy crisis in Germany brought on by Russia shutting down a crucial gas pipeline to Europe has been unaffected by the reduction in oil prices.

 

Investors sold off the common currency's bulls. The multiplying effects of the inflation issue provide the European Central Bank (ECB) with an ever-more challenging situation.

 

The market was expecting the UK's GDP to grow by 0.3% in the second quarter, but analysts estimate a 0.2% decline. The 1.3% decrease in the UK GDP is anticipated to more than outweigh the 0.5% monthly expansion. Additionally, annual GDP predictions were reduced from 8.7% to 2.8%.

 

It is also anticipated that manufacturing output will fall short of expectations. An annual decline of 1.3% from the previous 2.3% is projected. However, the rate of industrial production increase each year might be between 1.4% and 1.6%.


Suggestion