EUR/USD 1.16733
-0.039%
Gold 4597.19
1.728%
Oil 86.339
0.484%
USD/JPY 159.025
-0.016%
GBP/USD 1.36239
-0.043%
GBP/JPY 216.659
-0.050%
Browse More
  • English
  • 简体中文
  • 繁體中文
  • Tiếng Việt
  • ไทย
  • Indonesia
Subscribe
Real-time News
Joint statement: Turkey, Egypt, Indonesia, Jordan, Pakistan, Qatar, Saudi Arabia and the United Arab Emirates condemn Israels settlement policy in Palestinian territories and explicitly reject the "E1" settlement plan.Swiss National Bank board member Tschudin: If inflation requires it, interest rates will be lowered to below 0%.1. S&P Global: The preliminary US Manufacturing PMI for August came in at 53.2, a five-month low; the preliminary Composite PMI Output Index came in at 56.0, a 52-month high; the preliminary Services PMI Business Activity Index came in at 56.8, a 20-month high; and the preliminary Manufacturing Output Index came in at 51.9, a 13-month low. 2. Xinhua News Agency: The latest data from the German Energy Storage Initiative shows that current gas storage levels in German natural gas storage facilities have fallen to their lowest level for the same period since records began in 2011. 3. Data released by the US Department of Agriculture (USDA) shows that private exporters reported selling 712,000 tons of soybeans to China and 720,000 tons of soybeans to unknown destinations, all for delivery in 2026/2027. 205,000 tons of corn were also sold to unknown destinations, for delivery in 2026/2027. 4. According to Mysteels nationwide dynamic full-sample survey of agricultural oil mills, in the 34th week of 2026 (August 15th to August 21st), the actual soybean crushing volume of domestic oil mills was 2.2172 million tons, a decrease of 19,100 tons from the previous week and 67,700 tons lower than the estimated crushing volume; the actual operating rate was 61.05%. 5. According to CCTV Finance, my countrys futures market achieved a significant breakthrough today. The first batch of 600 tons of "No. 20 rubber" standard warehouse receipts from overseas were generated by overseas delivery warehouses and sold through delivery. The delivered "No. 20 rubber" offshore goods will be physically delivered at Laem Chabang Port in Thailand. This is the first time that my countrys futures market has truly achieved on-site delivery overseas, greatly reducing the logistics costs of rubber trade. 6. According to foreign media reports, Indian clean energy officials stated on the 21st that the country is committed to achieving 30 gigawatts (GW) of polysilicon manufacturing capacity by 2030. 7. The Indian government is closely monitoring rising sugar prices. Sugar production this season is estimated at approximately 3.06 million metric tons. Domestic sugar stocks are ample and can meet demand.On August 21, the Philippine Civil Defense Agency (PCA) announced that due to the combined effects of the southwest monsoon and a tropical cyclone, heavy rainfall has caused frequent flooding and other disasters in many parts of the Philippines, with 88 municipalities across the country declaring a "state of calamity." According to the latest report from the PCA, the worst-affected provinces include Pampanga and Bulacan, located in the largest plain area of Luzon Island, which is highly vulnerable to flooding due to continuous heavy rainfall. Official statistics show that more than half of the villages in Pampanga province have been submerged, affecting nearly one million people and causing agricultural losses of approximately 1.4 billion pesos (about US$22.69 million). A "state of calamity" is an official emergency declaration issued by Philippine governments at all levels when faced with severe natural disasters, pandemics, or major crises.According to the Financial Times, Jim ONeill has declined to serve in Prime Minister Burnhams government.

Bets on policy divergence between the BOE and BOJ heighten, pushing GBP/JPY above 162.00

Alina Haynes

Aug 22, 2022 14:55

截屏2022-08-22 上午10.40.39.png

 

As investors prepare for a further widening of the policy gulf between the BOE and the BOJ, the GBP/JPY pair has broken firmly above the 162.00 mark (BOJ). Assuming the cross maintains its footing above the pivotal 162.00 level, further gains are likely.

 

As a result of a significant increase in Average Earnings in the United Kingdom zone, policymakers at the Bank of England have decided to hike interest rates without delay. As for labor costs, they came in at 4.7%, which is higher than both the 4.5% forecast and the 4.4% number that was reported earlier.

 

Earlier, Bank of England policymakers fretted over low wage growth in households. The United Kingdom is located in an area where inflation is rising rapidly; as a result, wage growth has been sluggish as workers try to compensate for rising wages. For this reason, the quantitative tightening measures were not unilaterally implemented by Bank of England personnel. Governor Andrew Bailey of the Bank of England is pleased with the recent surge in the labor cost index, which he will use to his advantage when formulating monetary policy.

 

The new estimated number of UK claimants is 10.5k, down from both the prior announcement's 26.8k and the expected 32k. The unemployment rate has stayed stable at 3.8%.

 

The currency bulls in Tokyo showed no buying activity despite an uptick in the National Consumer Price Index (CPI). Both the median forecast of 2.2% and the most recent reading of 2.4% were surpassed by the actual economic data, which came in at 2.6%. An inflation rate above 2% for an extended period of time may eventually force the Bank of Japan (BOJ) to take a neutral posture, but policy divergence is going to increase.

Suggestion