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Futures June 17 news, Zhengzhou Commodity Exchange variety warehouse receipts and changes are as follows: 1. Apple futures warehouse receipts 0, unchanged from the previous trading day; 2. Peanut futures warehouse receipts 0, unchanged from the previous trading day; 3. Red date futures warehouse receipts 8555, an increase of 245 from the previous trading day; 4. Glass futures warehouse receipts 877, unchanged from the previous trading day; 5. Urea futures warehouse receipts 5810, a decrease of 112 from the previous trading day; 6. Short fiber futures warehouse receipts 5464, unchanged from the previous trading day; 7. Rapeseed meal futures warehouse receipts 25907, a decrease of 270 from the previous trading day; 8. PX futures warehouse receipts 5, unchanged from the previous trading day; 9. Soda ash futures warehouse receipts 6866, a decrease of 175 from the previous trading day; 10. There were 1,185 warehouse receipts for rapeseed oil futures, unchanged from the previous trading day; 11. There were 9,909 warehouse receipts for methanol futures, down 1,000 from the previous trading day; 12. There were 2 warehouse receipts for cotton yarn futures, unchanged from the previous trading day; 13. There were 28,586 warehouse receipts for white sugar futures, unchanged from the previous trading day; 14. There were 0 warehouse receipts for caustic soda futures, unchanged from the previous trading day; 15. There were 15,241 warehouse receipts for ferrosilicon futures, down 32 from the previous trading day; 16. There were 97,115 warehouse receipts for silicomanganese futures, down 527 from the previous trading day; 17. There were 80,807 warehouse receipts for PTA futures, down 4,262 from the previous trading day; 18. There were 10,993 warehouse receipts for cotton futures, down 40 from the previous trading day.According to CNN, citing US officials: US intelligence officials believe that the Israeli attack may only delay Irans nuclear program by a few months.The onshore RMB closed at 7.1838 against the U.S. dollar at 16:30 on June 17, down 36 points from the previous trading day.Futures News on June 17, on Tuesday, the price of the main asphalt futures contract BU2509 fell by 0.03% from the previous trading day, with a position of 259,800 lots. According to Zhuochuang Information, from 9:00 to 11:30 today, the spot prices of asphalt in North China and South China continued to rise, while the spot prices of asphalt in other regions were mainly stable; the current operating load rate of asphalt enterprises is at a relatively high level this year, but it is still at a low level compared with previous years; the overall demand is slightly flat, the purchasing enthusiasm of mid- and downstream users is average, and the arrival of the plum rain season in the south has brought seasonal downward pressure to the market. Inventory is at a low level for the same period, which relatively supports the price of asphalt. Recently, due to geopolitical influences, international crude oil prices have fluctuated upward, and the price center of asphalt has fluctuated with the cost side. It is recommended to operate with a strong idea of fluctuation.ECB board member Stournaras: The ECB has reached the "first equilibrium point" and any further rate cuts will depend on the data.

USDJPY seeks to reclaim 146.00 amid rising interest rates and US midterm election concerns

Alina Haynes

Nov 09, 2022 18:56

截屏2022-11-09 下午4.17.02.png 

 

In Asia on Wednesday morning, the USDJPY rises considerably from a two-week low at 145.70-80. Consequently, the Yen pair reverses its three-day decline in response to the cautious market sentiment.

 

Despite this, optimism is dwindling as the most recent information from the US midterm elections indicates government gridlock. In conjunction with the Republican demand for an increase in the debt ceiling, this intensifies the fear of rising interest rates.

 

The deteriorating coronavirus situation in China contributes to both the current risk aversion and the USDJPY exchange rate. China reports the highest number of new COVID cases in six months on November 8, with 8,335 new cases reported, while Guangzhou's second district remains quarantined.

 

It should be noted that Japan recorded a significant Current Account surplus for the month of September, but failed to recognize the sharpest decline in the surprise for the first half of the current fiscal year (FY) since 2008. In recent days, speculations of intervention by the Bank of Japan (BOJ) and the recent softening of US data joined mixed Fed fears to boost US Treasury rates and USDJPY prices.

 

As a result of these factors, the yield on the 10-year US Treasury note regains upward momentum and surpasses 4.14 percent, while the yield on the 2-year note climbs somewhat and approaches 4.62 percent. It should be noted that despite Wall Street's three-day rally, US stock futures reported minor losses while Asia-Pacific markets closed in the red.

 

Ahead of Thursday's release of the US Consumer Price Index (CPI) for October, USDJPY traders may find political and covid updates entertaining. Purchasers of USDJPY near 145.50 are protected by the 50-day simple moving average, but the recovery requires confirmation from a three-week-old resistance line near 147.45.

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