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Hong Kong-listed Yaojie Ankang-B (02617.HK) rose more than 50% in the afternoon and is now trading at HK$284 per share, having plummeted 18% in early trading.On September 15th, a policy document to further promote the development of private investment was being prepared for release. Several measures will further expand the space for private investment and break down various hidden barriers that restrict private investment. Among them, minimum requirements for private investment participation will be set for major projects in areas such as railways, nuclear power, and oil and gas pipelines. This will be a key measure to break down industry barriers to entry and hidden monopolies.According to media reports on September 15th, Nvidia (NVDA.O) has changed its plan to introduce low-power DRAM SOCAMM (system-on-chip attached memory module), abandoning the first-generation SOCAMM1 module in favor of the faster next-generation SOCAMM2. Nvidia has begun testing with Samsung Electronics, SK Hynix, and Micron Technology. Micron Technology has a first-mover advantage in SOCAMM1, but Samsung Electronics and SK Hynix are expected to catch up in SOCAMM2.According to the latest analyst opinion from Economies.com on September 15th, spot gold prices retreated during the previous trading day and are currently trying to gain new upward momentum to support a rebound and resume their upward trend. Meanwhile, spot gold is also struggling to digest the significant overbought conditions on the Relative Strength Index (RSI), especially when the indicator shows negative signals, which has put further downward pressure on previous trading.According to Economies.coms analysts latest view on September 15th, WTI crude oil futures prices rose in the previous trading day, rebounding to touch the EMA50 moving average and testing the key resistance level of $62.85. In the short term, the primary bearish trend remains dominant, and prices continue to run along the bearish trend line, showing strong negative momentum.

In ahead of US NFP and Eurozone Inflation data, EUR/USD seeks a range break near 1.0600

Alina Haynes

Jan 05, 2023 15:11

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During the Asian session, the EUR/USD pair attempted to break out of the consolidation range it formed above the round-level support of 1.0600. Given the risk-on market mentality, it is expected that the major currency pair will continue its upward trend.

 

In Asia, S&P500 futures are indicating a modest retracement, but the overall risk profile remains sturdy following Wednesday's strong advances. The US Dollar Index (DXY) is languishing below 104.00 and is likely to continue on edge as further reduction of inflation expectations in the United States is expected to keep safe-haven assets under pressure in the short term.

 

According to the Federal Open Market Committee (FOMC) minutes, all Federal Reserve (Fed) policymakers favored a more gradual rate of policy tightening. For Fed members to abandon their hawkish view on monetary policy, greater evidence of inflation moderation is required.

 

According to Reuters, the president of the Minneapolis Fed, Neel Kashkari, emphasized on Wednesday that the Fed must avoid hastily lowering the policy rate and reigniting inflation. In order to attain the inflation target of 2%, he suggested that the interest rate should peak at approximately 5.4% and then remain stable.

 

This week, investors will closely monitor the second catalyst considered by the Federal Reserve when crafting monetary policy. Friday's Nonfarm Payrolls (NFP) are projected to be 200K, a decrease from the previous report's 263K. In addition, investors will pay attention to the Average Hourly Earnings (Dec) data, which is expected to be 5% lower. Given that consumers will continue to have more discretionary spending, a rise in wage expenses may cause the Consumer Price Index to grow (CPI).

 

Investors anticipate the release of the Eurozone's Harmonized Index of Consumer Prices (HICP) on Friday. According to the consensus, the headline HICP is projected to decrease from 10.1% to 9.7%. Consensus has diminished as a result of falling energy prices and the government's one-time reimbursement of family energy expenses. Certainly, the European Central Bank (ECB) will be fascinated by this in the future.

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