EUR/USD 1.16007
-0.212%
Gold 4377.02
-1.776%
Oil 90.099
1.968%
USD/JPY 159.534
0.013%
GBP/USD 1.33932
-0.253%
GBP/JPY 213.672
-0.233%
Browse More
  • English
  • 简体中文
  • 繁體中文
  • Tiếng Việt
  • ไทย
  • Indonesia
Subscribe
Real-time News
XPeng Group (09868.HK) rose 7%, with He Xiaopeng stating that L4 autonomous driving will be achieved within two years.May 28th, Futures News: Economies.com analysts latest view: Spot gold prices fell in recent trading after breaking below the key support level of $4,500 yesterday. Selling pressure persisted, with prices briefly dipping to near the $4,400 support level before a limited rebound, benefiting from improved momentum and easing of oversold conditions in the Relative Strength Index (RSI). Despite the brief rebound, the continued short-term downtrend and renewed downward pressure, coupled with gold prices remaining below the EMA50, limited any further short-term rebound opportunities.May 28th, Futures News: Economies.com analysts latest view: WTI crude oil futures prices rose slightly, stabilizing near the $88 support level, which was our target price set in previous analysis. This provided some upward momentum, helping to recover some recent losses and temporarily restore balance. Crude oil prices are also attempting to alleviate the clearly oversold condition on the Relative Strength Index (RSI), especially with positive signals beginning to emerge. However, due to the strong downward correction wave dominating in the short term, with oil prices remaining below the 50-day moving average, downward pressure persists, and the possibility of a strong rebound in the short term is limited.On May 28, local time, Wang Yi, member of the Political Bureau of the CPC Central Committee and Foreign Minister, held a symposium with US strategic and business leaders on the sidelines of the UN Security Council high-level meeting in New York on May 27. Wang Yi stated that the historic meeting between the Chinese and US heads of state in Beijing involved frank, in-depth, constructive, and strategic communication on major issues concerning China-US relations and world peace and development, reaching a series of important consensuses. Both sides agreed to define a "constructive strategic and stable relationship between China and the US" as the new positioning of bilateral relations, hoping to make efforts towards a direction of cooperation as the main focus, moderate competition, controllable differences, and a promising future of peace, jointly exploring the correct way for major powers to coexist in the new era. Wang Yi emphasized that "Taiwan independence" is incompatible with peace and stability across the Taiwan Strait. Only by adhering to the one-China principle and the spirit of the three China-US joint communiqués can peace across the Taiwan Strait be guaranteed and conflict and confrontation avoided. Wang Yi stated that China is willing to work with the US to implement the important consensus reached by the two heads of state and take concrete actions to ensure the "constructive strategic and stable relationship" is implemented as soon as possible. He hoped that everyone present would make positive efforts in this regard and promote a broader social consensus.On May 28, local time, on the 27th, Bagheri, Deputy Secretary of Irans Supreme National Security Council, stated that Iran is seeking the release of all Iranian assets frozen by the United States, saying, "This is the legitimate right of the Iranian people." He also emphasized that Iranian assets must be returned to Iran "fully and unconditionally."

USD/CHF Consolidates Around 0.9040 As Attention Shifts To US Inflation

Daniel Rogers

Apr 10, 2023 14:27

USD:CHF.png

 

The USD/CHF pair continues to trade lacklusterly above the crucial support level of 0.9036 in the early Tokyo session. Investors are shifting their focus to Wednesday's release of United States Consumer Price Index (CPI) data, making it difficult for the Swiss Franc to gain traction.

 

As tensions between China and Taiwan escalate, S&P500 futures have pared some of their gains. The market's anxiety has been alleviated by the increasing intensity of Chinese military exercises around Taiwan Island. In addition, concerns of a recession are likely to cause volatility in US equities.

 

Jamie Dimon, CEO of JPMorgan Chase, stated in an interview with CNN that the recent banking turmoil caused by the dissolution of Silicon Valley Bank (SVB) and Signature Bank has increased the likelihood of a recession in the United States.  Despite the robustness and security of the banking system, the recent turmoil in the financial system is "another weight on the scale" toward recession, he added.

 

The US Dollar Index (DXY) is protecting the 102.00 support level ahead of US Consumer Price Index (CPI) data. According to the consensus, headline inflation will fall from 6.0% to 5.2%. In addition, the headline monthly CPI would decelerate to 0.3% from 0.4% previously reported. As a consequence of oil prices remaining low in March, inflationary pressures are anticipated to become evident.

 

In contrast, the core CPI, which excludes crude and food prices, is anticipated to increase to 5.6% from 5.5%. The tenacity of inflationary pressures is maintained by the resiliency of demand for essential products, as a result of a higher labor cost index. A similar event could compel the Federal Reserve (Fed) to raise rates again at its May monetary policy meeting.

 

Regarding the Swiss Franc, Swiss markets are suspended on Easter Monday. This week, the Producer Price Index (PPI) data will have an impact on the Swiss Franc.

Suggestion