EUR/USD 1.18753
-0.040%
Gold 5073.07
1.251%
Oil 60.496
-0.398%
USD/JPY 154.304
0.060%
GBP/USD 1.36738
-0.029%
GBP/JPY 210.998
0.044%
Browse More
  • English
  • 简体中文
  • 繁體中文
  • Tiếng Việt
  • ไทย
  • Indonesia
Subscribe
Real-time News
January 27th - Latest industry data shows that major UK retailers saw their fastest price increases this month since February 2024, driven by rising prices in food, furniture, health, and beauty products. The British Retail Consortium (BRC) Store Price Index shows that retail prices rose 1.5% year-on-year in January, up from 0.7% in December. Food prices rose 3.9% year-on-year, up from 3.3% in December, marking the largest increase since October last year. "Any claims that inflation has peaked are not supported by these figures," said BRC Chief Executive Dickinson. "Store price inflation surged this month as businesses faced persistently high energy costs and the continued pass-through of National Insurance (NPIC) increases. Meat, fish, and fruit were particularly affected."BHP Billiton has surpassed Commonwealth Bank of Australia to become Australias most valuable stock.Chart: Speculative Sentiment Index on Tuesday, January 27, 2026On January 27th, according to a research report from Chaos Tiancheng Futures, the main lithium carbonate contract fell 6.56% yesterday, closing at 165,680 yuan/ton. Following increased regulatory scrutiny from exchanges last week, the scope and intensity of window guidance have been further expanded this week, significantly suppressing market sentiment. If speculative funds withdraw before the holiday, the subsequent trend and pace may depend on the post-holiday verification of the actual supply and demand situation in the spot market. In the short term, due to excessive trading in previous lithium price expectations and a rapid price increase, there is a risk of correction following increased regulation. Given the compliance risks facing domestic supply and the continued risks of resource nationalism and geopolitics for overseas supply, we believe that the central price of lithium carbonate will maintain an upward trend until the narrative of a supply-demand reversal driven by high lithium battery demand is disproven.Hyundai Motors stock price narrowed its losses; it was last quoted at 479,500 won, down 2.6%.

USD/CHF Moves Sideways to 1.0020 as DXY Holds Steady and Powell Warns of Additional 50 bps Rate Hikes

Daniel Rogers

May 13, 2022 09:53

The USD/CHF pair is experiencing a pullback as momentum oscillators on the lower timeframe have become very overbought. During the Asian trading session, the pair is fluctuating within a tight range of 1.0024 to 1.0035. Sustaining the dollar bulls above the psychological support of 1.0000 will be advantageous going forward.

 

The pair has stayed in the grip of dollar bulls as measured by the rising US dollar index (DXY). The DXY is gaining significantly due to optimistic economic statistics. The outperformance of the US Nonfarm Payrolls (NFP) and the higher-than-expected publication of the US Consumer Price Index (CPI) and Producer Price Index (PPI) have increased the likelihood that the Federal Reserve (Fed) will implement more significant rate hikes this year.

 

After reaching a new 19-year high of 104.93 during the European session, the DXY is undergoing a minor pullback in the Asian session. In an interview with the national radio program Marketplace, Fed chair Jerome Powell said that the Fed may raise interest rates by 50 basis points (bps) at each of the next two policy sessions. In addition, the Fed promises that "we're prepared to do more" if data deteriorate.

 

In the meantime, the Swiss franc faces a prolonged dramatic sell-off as their ultra-loose monetary policy fails to stimulate demand growth in their economy. In addition, the unchanged unemployment rate and inflation figures failed to provide a buffer for the asset.

USD/CHF

image.png 


Suggestion