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 Iranian media Fars News, some "media outlets linked to the enemy" previously claimed that Iran had agreed to a plan to reopen the Strait of Hormuz. However, informed sources denied this claim, emphasizing that Irans policy toward this strategic waterway has not changed.On August 2nd, Harvest Crude Oil LOF issued an announcement stating that its recent secondary market trading price is significantly higher than its net asset value (NAV), exhibiting a substantial premium. The closing price on July 31st was 2.201 yuan, while the NAV per unit was 1.9955 yuan as of July 29th. Investors are reminded to pay attention to the premium risk and invest prudently. If the premium does not effectively decrease by August 3rd, the fund has the right to apply for a trading suspension to warn of the risk. The fund primarily invests in related public funds, and investors can trade or subscribe/redeem on the secondary market. Currently, the fund is operating normally, and there is no undisclosed information that should be disclosed.August 2nd - According to data from online platforms, as of now, the total box office revenue for 2026 (including pre-sales) has exceeded 23 billion yuan, with the summer box office exceeding 7.2 billion yuan, and daily box office revenue exceeding 100 million yuan for 23 consecutive days.Israels Channel 12, citing diplomatic sources, reported that Qatari diplomats are negotiating with Iran to secure the support of the Iranian Revolutionary Guard for arrangements concerning the Strait of Hormuz.Market news: OPEC+ has agreed in principle to increase daily production by 188,000 barrels and suspend production increases in the fourth quarter.

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