EUR/USD 1.18664
-0.003%
Gold 3690.94
0.030%
Oil 64.186
0.026%
USD/JPY 146.483
0.024%
GBP/USD 1.36507
0.044%
GBP/JPY 199.963
0.074%
Browse More
  • English
  • 简体中文
  • 繁體中文
  • Tiếng Việt
  • ไทย
  • Indonesia
Subscribe
Real-time News
On September 17, Chery Automobile announced on the Hong Kong Stock Exchange that it plans to issue 297,397,000 H shares (subject to the exercise of the over-allotment option) for its Hong Kong listing, with a price range of HK$27.75 to HK$30.75. The price is expected to be completed on September 23. The shares are expected to begin trading on the Hong Kong Stock Exchange on September 25.September 17th news, Google (GOOG.O) has been trying to catch up with OpenAI in the field of generative artificial intelligence, and now it seems to have finally made progress among users. This week, Googles Gemini application took the first place in the Apple App Store free application rankings, surpassing ChatGPT, which led the generative artificial intelligence craze nearly three years ago. Googles Gemini AI model has recently launched some updates, attracting new users. Last month, Google released an upgraded version of its "Flash" AI model, 2.5 Flash Image, which added an image editing feature called Nano Banana. Josh Woodward, head of the Gemini application, said that this product brought 13 million new users to the Gemini application in just four days, bringing its total number of users since its launch to 23 million.According to Japans Asahi Shimbun: Japan will postpone recognizing the State of Palestine.On September 17th, several major US tech companies announced they would invest over $40 billion to expand the UKs AI infrastructure, a significant boon for the country, coinciding with a state visit from President Trump. Microsoft (MSFT.O) said on Tuesday it would invest $30 billion in UK AI infrastructure and existing operations by 2028, its largest financial commitment yet in the country. Google (GOOG.O) said it would invest approximately $6.8 billion in AI, R&D, and related engineering in the UK over the next two years. Meanwhile, Nvidia (NVDA.O), OpenAI, and British company Nscale are collaborating to build AI infrastructure in the UK to meet OpenAIs computing needs. The project, called "Stargate UK," is expected to be located in northeast England and utilize tens of thousands of Nvidias Grace Blackwell Ultra graphics processing units. Among other investments, AI cloud computing company CoreWeave plans to invest approximately $2.04 billion in AI data center capacity and operations in the UK. Salesforce announced it would invest a further $2 billion in its UK operations by 2030, while BlackRock will pour £500 million into data centers across the UK.On September 17th, local time, it was learned on the 16th that Israels Intelligence and Secret Service (Mossad) deployed 100 foreign agents in Iran at the start of the Israel-Iran conflict in June of this year. Israels Channel 13 reported that day that, according to information disclosed publicly for the first time by the Israeli Mossad, the agency established a "small army" of 100 foreign agents in Iran at the beginning of the Israel-Iran conflict in June of this year. Their mission was to destroy Irans numerous missile launchers and air defense systems at the outset of the conflict. The report said that these agents were well-trained and capable of operating missile systems weighing hundreds of kilograms. These missile systems were smuggled into Iran and used to attack Iranian ballistic missile launchers and air defense missile systems. This was reportedly the largest operation by the Israeli Mossad to date.

AUD/USD surpasses 0.7180 on bullish Chinese trade statistics

Daniel Rogers

Jun 09, 2022 11:24

 截屏2022-06-09 上午11.26.40.png

 

The AUD/USD pair has attempted to surpass 0.7180 as China's National Bureau of Statistics released year-to-date trade figures that exceeded expectations (YTD). Imports have increased by 4.1% in dollar terms, while exports have increased by 16.9%. The U.S. Trade Balance came in at $78.76B, far higher than the forecast of $58B and the previous reading of $51.12B. Notably, Australia is China's most important trading partner, and Chinese trade statistics has a huge influence on the antipodes.

 

Australian bulls are underperforming versus the dollar despite the Reserve Bank of Australia's announcement of a massive rate rise (RBA). The Reserve Bank of Australia increased its Official Cash Rate (OCR) by 50 basis points (bps). The market consensus anticipated a 25 basis point rate increase.

 

The estimate of a 25 basis point rate rise was based on increasing inflation and a sluggish labor market. Last week, the Australian economy announced an Employment Change of 4k, indicating that the economy created 4k jobs in May, which was much less than the expected 30k.

 

Due to the lack of liquidity in the economy, more quantitative tightening measures diminish job chances. Therefore, a rate increase of a quarter to one percent was preferable. Now, severe quantitative restraints may lead to inefficiencies in the employment creation process.

 

The US dollar index (DXY) is battling to hold above 102.60. As investors anticipate the announcement of US inflation data on Friday, the odds favor an increase in the DXY's value. The preliminary estimate for the annual inflation rate is 8.3 percent, while the core Consumer Price Index (CPI) is anticipated to be 5.9 percent, down from 6.2 percent in the previous reading.


Suggestion