EUR/USD 1.16705
0.036%
Gold 4587.07
-0.222%
Oil 60.277
1.058%
USD/JPY 158.869
0.450%
GBP/USD 1.34792
0.103%
GBP/JPY 214.148
0.561%
Browse More
  • English
  • 简体中文
  • 繁體中文
  • Tiếng Việt
  • ไทย
  • Indonesia
Subscribe
Real-time News
On January 13th, Nikkei reported on Tuesday that, according to sources, Google (GOOG.O) will begin developing and manufacturing high-end smartphones in Vietnam this year. Google already has a large supplier network in Vietnam responsible for assembling products including Pixel smartphones. The report stated that Google will conduct new product introductions (NPI) for the Pixel, Pixel Pro, and Pixel Fold in Vietnam. The report noted that New Product Introduction (NPI) is a crucial stage in launching new electronic devices, involving process development, verification, and optimization. Since Google already mass-produces and partially verifies high-end smartphones in Vietnam, manufacturing new phones locally from scratch is feasible.On January 13th, Julius Baer economist David A. Meyer stated in a report that market optimism regarding the yens potential benefit from the Bank of Japans policy normalization and other G10 central bank easing measures is waning. While the interest rate differential between Japan and the US is narrowing, and this trend is likely to continue with further rate hikes by the Bank of Japan and rate cuts by the Federal Reserve, the yen remains weak with limited upside potential. Meyer pointed out that the recent decoupling of the yen from interest rate dynamics reflects investor concerns about Japans expansionary fiscal policies following a leadership change, while the countrys high public debt levels are also seen as a potential risk. He lowered his yen forecast, predicting the USD/JPY exchange rate will reach 155 in three months and 149 in one year, and stated that the yen is unlikely to be a major beneficiary of a weakening dollar by 2026.On January 13th, Dongpeng Beverage announced that it expects to achieve a net profit attributable to owners of the parent company of between RMB 4.34 billion and RMB 4.59 billion in 2025, an increase of RMB 1.013 billion to RMB 1.263 billion, or 30.46% to 37.97%, compared with the same period last year. It also expects to achieve a net profit attributable to owners of the parent company after deducting non-recurring gains and losses of between RMB 4.12 billion and RMB 4.35 billion in 2025, an increase of RMB 858 million to RMB 1.088 billion, or 26.29% to 33.34%, compared with the same period last year. During the period of the earnings forecast, the company expects to achieve operating revenue of between RMB 20.76 billion and RMB 21.12 billion, an increase of RMB 4.921 billion to RMB 5.281 billion, or 31.07% to 33.34%, compared with RMB 15.839 billion in the same period last year.Roszarubezhneft, a Russian company: All of the companys assets in Venezuela are owned by Russia and were acquired by Russia at market prices.January 13th - The Hengqin-Macao In-Depth Cooperation Zones Standard System for Integrated Home-Based and Community-Based Elderly Care Services was officially released today. This standard system, jointly released by the Cooperation Zones Livelihood Affairs Bureau and the Macao SAR Governments Social Welfare Bureau, is the first standardized achievement nationwide focusing on the alignment and cross-border integration of elderly care service rules between Hengqin and Macao. Feng Fangdan, Director of the Cooperation Zones Livelihood Affairs Bureau, stated that the Cooperation Zone, in collaboration with Macao, has established a standard system for cross-border home-based and community-based elderly care services that integrates the experiences of both places, achieving "same standards and same processes" for services in both regions, allowing elderly people in Hengqin and Macao to enjoy high-quality elderly care services. The Cooperation Zone will next promote the comprehensive implementation and continuous optimization of the system, further deepening and solidifying the integration of elderly care services between Hengqin and Macao, and creating a benchmark model for cross-border elderly care services in the Guangdong-Hong Kong-Macao Greater Bay Area.

As investors forecast Eurozone GDP, the EUR/GBP exchange rate fluctuates around 0.8370

Daniel Rogers

Jul 29, 2022 10:59

 截屏2022-07-29 上午9.51.38.png

 

The EUR/GBP pair is fluctuating in a narrow range between 0.8366 and 0.8380 in the early Tokyo session. The asset saw a robust buying response on Friday after hitting a fresh three-month low of 0.8346 on Thursday. A buying response often indicates that traders perceived the asset as a value bet and built up sizeable long holdings. On the downside, the cross is displaying indications of fatigue, and a rebound is anticipated close to the round-number resistance level of 0.8400.

 

During today's session, investors will pay close attention to data on the Gross Domestic Product (GDP) of the Eurozone. The market believes that annual economic estimates may drop from 5.4 percent to 3.4 percent. While the quarterly GDP will drop from 0.6 percent in the prior report to 0.2 percent. The shared currency's bullish indication can be destroyed by a repetition of the same event.

 

Consumer attitudes are negatively impacted by growing fears of an energy catastrophe in the eurozone. Natural gas consumption will undoubtedly rise as Winter draws near, which is marked by a rise in energy demand. The eurozone administration is looking for candidates who can fulfill the region's high energy demand, but the search will take some time.

 

Investor focus will shift to the Bank of England's interest rate announcement on the British front (BOE). Interest rates are anticipated to climb further under Governor Andrew Bailey of the Bank of England given that the inflation rate has reached 9.4% and doesn't appear to be nearing its peak. Pricing pressures in the UK are constantly increasing and may soon hit double digits.


Suggestion