EUR/USD 1.15678
0.343%
Gold 4376.09
0.578%
Oil 81.485
1.319%
USD/JPY 159.356
-0.090%
GBP/USD 1.35343
0.362%
GBP/JPY 215.682
0.268%
Browse More
  • English
  • 简体中文
  • 繁體中文
  • Tiếng Việt
  • ไทย
  • Indonesia
Subscribe
Real-time News
The European-Mediterranean Seismological Centre has revised the magnitude of the earthquake in the Flores region of Indonesia from 7.4 to 6.9.The European-Mediterranean Seismological Centre reports a 7.4-magnitude earthquake in the Flores region of Indonesia.August 15th - Following the exposure of the pressure on the US Patriot interceptor stockpile during the Iraq War, defense companies such as Boeing, Lockheed Martin, Northrop Grumman, and Raytheon are racing to develop lower-cost, faster-producible missiles. In the past, the US defense industry continuously added advanced guidance and propulsion systems to missiles, resulting in a unit price exceeding $4 million and production cycles of several years. Now, the Pentagon is demanding that companies "change or be eliminated," hoping to counter cheap threats such as drones at a lower cost. Lockheed Martin has launched a low-cost version of the ACE interceptor, costing only about $2 million per missile, less than half the cost of the enhanced PAC-3 MSE; Boeing is developing an "ultra-low-cost" guidance head, planning to reduce its cost percentage; Northrop Grumman has launched the Strike Hunter system; and Raytheon is expanding the application of its Coyote low-cost anti-drone missile. The US Army states that not all targets require the most advanced and expensive interceptor systems. However, most low-cost solutions will still require several years before mass production.Market news: Jane Street reported poor performance in July, with trading revenue showing its first monthly loss since 2016.Market news: JaneStreet said in a memo to employees on Friday that its 2026 revenue "is down about 25% from its peak at the end of June".

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