EUR/USD 1.14243
-0.031%
Gold 4122.74
-1.636%
Oil 72.846
-1.429%
USD/JPY 161.661
0.053%
GBP/USD 1.32406
-0.060%
GBP/JPY 214.054
0.001%
Browse More
  • English
  • 简体中文
  • 繁體中文
  • Tiếng Việt
  • ไทย
  • Indonesia
Subscribe
Real-time News
Both WTI and Brent crude oil prices fell by more than 1% during the day, currently trading at $73.94 per barrel and $76.91 per barrel, respectively.On June 23, the Ministry of Commerce and eight other departments issued a notice on several measures to cultivate and expand the automotive aftermarket consumption. The Ministry of Commerce, together with relevant departments, will ensure the implementation of the measures outlined in this document, working in conjunction with the pilot reforms of automotive circulation and consumption, and promptly addressing difficulties and demands raised by local governments and enterprises. All regions should improve their working mechanisms, earnestly ensure the implementation of relevant measures, strengthen guidance and resource guarantees for relevant pilot cities, make good use of existing fiscal channels, support the cultivation and development of automotive aftermarket service consumption scenarios, and encourage pilot cities of new consumption formats, models, and scenarios to include eligible consumption scenarios in their support scope, ensuring the smooth progress and effectiveness of all work. Relevant pilot cities for automotive circulation and consumption reform should, in accordance with the requirements of this notice, focus on key areas, implement pilot tasks according to local conditions, and quickly develop a number of replicable and scalable best practices to continuously cultivate and expand automotive aftermarket consumption.On June 23, the Ministry of Commerce and eight other departments issued a notice on several measures to cultivate and expand the automotive aftermarket consumption. Among these measures, it was proposed to support the integration and upgrading of the car rental industry. The notice calls for cultivating and strengthening operating entities, promoting the deep integration of rental companies with the automotive industry, and streamlining the industry chain through models such as centralized procurement, buybacks, used car dealerships, and used car exports. It also supports eligible car rental and battery operators in enjoying loan interest subsidies and other policies. Furthermore, it encourages car rental companies to develop in a branded, chain-store, and large-scale manner, improves the service network for small and micro-sized passenger vehicle rentals, supports diversified service model innovation such as "one-way rental" and "rent-to-own," and promotes innovation in car rental insurance products, improving insurance services and reducing car ownership costs for consumers.On June 23, the Ministry of Commerce and eight other departments issued a notice on several measures to cultivate and expand the automotive aftermarket consumption. Among the measures is the construction of a multi-tiered automotive racing system. This system will be led by renowned racing events, promoted by professional racing events, and popularized through experiential racing events. The notice will leverage the advantages of the new energy vehicle industry to cultivate a number of nationally renowned new energy vehicle racing brands with core competitiveness, and strengthen intellectual property protection. It will support pilot cities for automotive circulation and consumption reform to introduce internationally renowned racing events according to local conditions, improve and streamline the import and export processes and models for racing cars, and strengthen the localization and innovation of introduced events. The notice also calls for the creation of several national-level automotive sports consumption venues, strengthening comprehensive support capabilities in areas such as venue facilities, technical services, and event operation.On June 23, the Ministry of Commerce and eight other departments issued a notice on several measures to cultivate and expand the automotive aftermarket consumption. The notice proposes supporting the development of the RV camping industry, improving the environment for RV traffic and use, supporting local governments in optimizing RV road traffic management policies, simplifying the land approval process for RV campsites, and improving the level of supporting services at RV campsites. It encourages the construction of a number of high-standard, multi-functional RV campsites along scenic routes and in suburban areas, in conjunction with regional cultural and tourism resources, and improving supporting services such as maintenance and supplies, water and electricity supply, medical rescue, and catering and accommodation. It also calls for optimizing RV campsite signage and publishing high-quality RV tourism routes. When cities build or renovate public parking lots, where conditions permit, they can set up dedicated parking spaces for self-propelled RVs and towed RVs and strengthen management to better meet RV parking needs.

AUDJPY fails to exceed 94.00 prior to Australian Employment data

Alina Haynes

Nov 16, 2022 15:00

 截屏2022-11-16 上午9.39.11.png

 

The AUDJPY pair faces headwinds in the early Tokyo session as it attempts to hold above the important support level of 94.00. The asset has encountered resistance at 94.50 and is projected to stay volatile until the release of Australian employment data on Thursday.

 

As geopolitical tensions increase, the value of the cross has decreased. Following the expansion of Russian separatist military action into Poland, the risk profile has deteriorated. Russia has denied any participation in the incident, while Poland has demanded a meeting with NATO countries.

 

Despite the release of the Reserve Bank of Australia (RBA) minutes on Tuesday, the risk indicator remained relatively stable. In spite of an extraordinary spike in inflation to 7.3%, the RBA minutes showed a 75% chance of a 25 basis point rate hike.

 

The board concurred that acting consistently on policy rates would enhance the public's and financial market participants' faith in the monetary policy framework. In addition, RBA policymakers believed that the Official Cash Rate (OCR) had risen substantially in a short time. In addition, the anticipated interest rate has been raised to 8%.

 

Meanwhile, Japanese investors reacted less harshly to Tuesday's disappointing Gross Domestic Product (GDP) data. Contrary to forecasts of 0.3% growth and a previous declaration of 0.9%, the Japanese economy contracted 0.3% during the third quarter. Compared to the expected expansion of 1.1% and the prior release of 3.5%, the economic catalyst has revealed a negative growth rate of 1.2% on an annualized basis.

 

This week, the most important asset trigger will be the Australian payroll data. According to the consensus, the economy added 15,000 jobs in October, compared to a paltry gain of 900 jobs in September. The predicted unemployment rate is 3.6%, up from 3.5% in the previous report.


Suggestion