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April 24th - According to Al Jazeera, former US Ambassador to Bahrain Adam Ereli stated, "While the US blockade of Iranian ports and the seizure of ships carrying Iranian oil as a policy makes sense, it may not achieve its intended effect due to domestic political considerations in the US. The Iranians are prepared for this possibility. They have their own plans. They have alternative methods to store or sell their oil, and even if their oil runs out, they have ways to survive under a very harsh blockade and sanctions regime. Frankly, I think Iran will outlast Trumps patience and the patience of the American people. Remember, this war is not just about moving soldiers, ships, and planes on a map. It also involves domestic political factors in the US. Trump is extremely sensitive to political winds. For this reason, I think Trump is currently pursuing this Iran strategy on one hand, and facing an election strategy on the other. The question is, on which issue will he concede first?"JPMorgan Chase lowered its price target for Blackstone Group (BX.N) from $142 to $136.On April 24th, it was reported that in March 2026, the national electricity market transaction volume reached 635.5 billion kWh, a year-on-year increase of 25.9%. From January to March 2026, the cumulative national electricity market transaction volume reached 1,841.6 billion kWh, a year-on-year increase of 25.6%. In terms of transaction scope, intra-provincial transactions amounted to 1,472.6 billion kWh, a year-on-year increase of 29.3%; inter-provincial and inter-regional transactions amounted to 369 billion kWh, a year-on-year increase of 12.6%. In terms of transaction types, medium- and long-term transactions totaled 1,594.9 billion kWh; spot transactions totaled 246.7 billion kWh. Green electricity transactions reached 75.6 billion kWh, a year-on-year increase of 3.1%.On April 24th, the State Council Information Office held a press conference on the "Annual Report on Chinas Work in Combating Infringement and Counterfeiting (2025)". Bai Qingyuan, Deputy Director of the State Administration for Market Regulation, stated that in recent years, facing the new challenges brought about by the rapid development of online transactions, especially live-streaming e-commerce, the State Administration for Market Regulation has continuously strengthened the construction of institutional mechanisms and enhanced the routine supervision of the platform economy. This includes: 1) improving rules and regulations; 2) strengthening regulatory enforcement; and 3) deepening administrative guidance. Going forward, the Administration will continue to strengthen the supervision of online transactions, especially live-streaming e-commerce, and investigate and punish all kinds of illegal and irregular activities in accordance with the law to better protect the legitimate rights and interests of consumers.On April 24, according to Tianyancha Intellectual Property Information, Honor Terminal Co., Ltd. recently applied to register the trademark "Honor Robot Lightning" in the international classification of scientific instruments. The trademark is currently awaiting substantive examination.

As China PMIs decrease, the Fed moves, and US NFP is predicted, USD/CNH surpasses 7.2800

Alina Haynes

Oct 31, 2022 16:37

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As China's monthly activity data disappoints offshore Chinese yuan (CNH) investors, the USD/CNH continues to draw buyers for a third consecutive day on Monday, advancing 0.23 percent intraday to 7.2850 as of press time. Concerns regarding covid difficulties in the dragon kingdom and apprehensions regarding a hawkish move by the Federal Reserve also encourage buyers to remain positive.

 

As a result, China's official NBS Manufacturing PMI for October dropped to 49.2, compared to the expected 50.0 and the previous 50.1. In addition, the Non-Manufacturing PMI fell to 48.7, below market estimates of 51.9 and previous readings of 50.6. Following the publication of the data, Reuters produced an article "In October, China's factory activity unexpectedly dropped, according to a survey released by the government on Monday. Global demand decline and strict COVID-19 regulations impeded manufacturing."

 

Due to the US dollar's status as a safe haven, the shutdown of a casino resort in Macau and Russian concerns also add to the USD/appreciation. Russia, which invaded Ukraine on February 24, halted its participation in the Black Sea agreement for a "indefinite period" on Saturday because it could not "guarantee the protection of civilian ships" traveling under the treaty after its Black Sea naval was attacked.

 

The fact that US Treasury yields are directionless after a bad economic report is notable, as is the fact that US stocks futures are seeing modest losses as the Dow Jones prepares for its highest monthly gain since 1976. In addition, the US Dollar Index (DXY) demonstrates a three-day increase near 110.80, with an intraday increase of 0.1% as of press time.

 

In conclusion, the USD/CNH bulls may maintain control because China's fundamentals are weaker than those of the United States. Concerns that the Fed may suggest slowing the pace of rate hikes beginning in December have recently appeared to test buyers of currency pairs.