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May 4th - On May 2nd, 2026, the Chinese Embassy in the United States held an Open Day and Shaanxi Province Promotion Event. Ambassador Xie Feng attended and delivered a speech. Xie Feng stated that over the past half-century, although China-US relations have weathered storms, they have always moved forward despite difficulties. Currently, China-US relations have once again reached a new crossroads. Both sides should look back to learn from the experiences and lessons of the development of China-US relations, focus on the present to promote the stable, healthy, and sustainable development of China-US relations, and look to the future to build a correct path for China-US relations in the new era, so that the lives of the people of both countries and the people of the world will become increasingly better. This year is a "big year" for China-US relations. We welcome more American friends to take advantage of the 240-hour visa-free transit policy to visit the beautiful Shaanxi and explore the magnificent China; more American companies to engage in China-US economic and trade cooperation, seize Chinese opportunities, and reap global benefits; and more American youth to participate in the "5 Years 50,000" initiative, striving to become people-to-people ambassadors and promote friendship between the people.On May 4, U.S. Central Command announced that the military would begin supporting Operation Freedom of the Sea (Operation Freedom of the Sea) to restore freedom of navigation for commercial vessels through the Strait of Hormuz. This presidential-ordered mission aims to support merchant ships seeking free passage through this vital international trade route. A quarter of the worlds maritime oil trade, as well as a significant amount of fuel and fertilizer products, are transported through the strait. "Supporting this defensive mission is critical to regional security and the global economy while we maintain the maritime blockade," said General Brad Cooper, Commander of Central Command. Last week, the State Department announced a new initiative in partnership with the Department of Defense to enhance coordination and information sharing among international partners to support maritime security in the strait. The Freedom of the Sea concept aims to combine diplomatic efforts with military coordination, which will be crucial during Operation Freedom of the Sea. U.S. military support for Operation Freedom of the Sea will include guided-missile destroyers, more than 100 land-based and sea-based aircraft, multi-domain unmanned platforms, and 15,000 personnel.According to the Wall Street Journal, GameSpot (GME.N) has offered to acquire eBay (EBAY.O) for $125 per share, or approximately $56 billion.May 4th - According to a report by Irans Nokari News Agency on the evening of May 3rd, data from the maritime information company "Tanker Tracker" website shows that 25 oil tankers carrying crude oil left Iran in April, some of which have already reached their destinations. The report stated that seven tankers returned to Iran in the Arabian Sea due to a US blockade, two were seized by the US in the Indian Ocean, and one sailed to the Far East. Of the remaining 15 tankers, most arrived at their destinations in the first half of April.U.S. 10-year Treasury futures rose 5 points, and 30-year Treasury futures rose 8 points.

As investors await fresh cues from the US ISM PMI, the USD/JPY pair fails to surpass 131.00

Alina Haynes

Jan 03, 2023 15:26

As the USD/JPY pair strives to surpass the critical level of 131.00 in the early Tokyo session, it is facing increasing resistance. The asset is trading near its 12-day low, therefore investors are likely to maintain a state of apprehension.

 

Due to the market's need for sufficient time to settle after the holiday fervor and long weekend, the risk profile is still uncertain. As the U.S. equity market awaits the International Monetary Fund's economic estimates, S&P500 futures perform modestly (IMF).

 

On a CBS Sunday morning news broadcast, IMF Managing Director Kristalina Georgieva warned, "2023 will be a difficult year for the majority of the global economy, as the three engines of global expansion — the United States, Europe, and China – may all experience declining activity."

 

In the future, the sentiment of the market will be reflected in the trading volume of the US Dollar Index (DXY). The ISM Manufacturing PMI data from the United States will be the most crucial element on the USD Index. Predictions indicate that the US ISM Manufacturing PMI will increase to 49.6 from 49.0 in the most recent report. In addition, investors will monitor the New Orders Index, which provides insight into future demand in the United States. The economic data is projected to increase to 48.1, up from 47.2 in the previous release.

 

A continuation of Tokyo's ultra-lax monetary policy could have an impact on the Japanese Yen. The Bank of Japan (BOJ) has already established inflation targets close to 2% for fiscal years 2023 and 2024, necessitating further increases in pay rates and a steady flow of market liquidity to underpin aggregate demand.

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