EUR/USD 1.13692
-0.003%
Gold 4002.54
-0.598%
Oil 70.466
-1.203%
USD/JPY 161.660
-0.084%
GBP/USD 1.31962
0.045%
GBP/JPY 213.335
-0.026%
Browse More
  • English
  • 简体中文
  • 繁體中文
  • Tiếng Việt
  • ไทย
  • Indonesia
Subscribe
Real-time News
June 26 - According to the Japan Meteorological Agency, a 5.8-magnitude earthquake struck northeastern Chiba Prefecture, Japan, at approximately 12:46 p.m. local time on June 26. The strongest tremor was felt at an intensity of 4, with a focal depth of 50 kilometers. Strong tremors were reportedly felt in the Tokyo area.Market news: An earthquake struck Tokyo, Japan, causing buildings to sway.Zhipu (02513.HK) fell by more than 10%, with its share price dropping to HK$2,090.On June 26th, Guy Adami, co-founder of RiskReversal Media and a trader at "Fast Money," stated that despite a series of headwinds, gold is not out of the picture. There are rumors that central banks may have sold gold early in the war; while theres no concrete evidence, such rumors do exist. Moreover, in a world where the US dollar has caused a $130 billion surge in market capitalization, people might ask, "Why should I buy gold now?" "I still believe inflation is a problem, and interest rates will rise. I understand the headwinds from the dollar, but at some point, I think everything will reverse, and gold will regain favor," Adami added. He pointed out that gold is currently down about 24% from its historical high, and its simply impossible to predict an immediate new surge. However, he still believes that global central banks will continue to increase their holdings, and gold still has opportunities for the remainder of the year.On June 26, the State Taxation Administration issued an interpretation of the "Announcement of the State Taxation Administration on Relevant Matters Concerning the Administration of Individual Income Tax." Regarding whether there have been any adjustments to the individual income tax policy supporting residents home replacement purchases, the State Taxation Administration stated that, according to the "Announcement of the Ministry of Finance, the State Taxation Administration, and the Ministry of Housing and Urban-Rural Development on Continuing the Implementation of Relevant Individual Income Tax Policies Supporting Residents Home Replacement Purchases" (Announcement No. 3 of 2026), the relevant individual income tax policy supporting residents home replacement purchases will continue to be implemented until December 31, 2027. Specific regulations and filing procedures also remain the same as before. Eligible taxpayers should refer to the provisions of the "Announcement of the State Taxation Administration on Relevant Matters Concerning the Administration of Individual Income Tax Policies Supporting Residents Home Replacement Purchases" (Announcement No. 21 of 2022) for processing.

Bulls in the NZD/USD pair reappear and aim for 0.5650

Daniel Rogers

Oct 10, 2022 11:26

 截屏2022-10-10 上午9.38.56.png

 

NZD/USD is correcting after hitting a 30-month low at the start of the week; it is currently trading 0.2% higher amid sluggish holiday market conditions. Until now, the NZD/USD exchange rate has fluctuated between 0.5592 and 0.5616.

 

The mixed US Nonfarm Payrolls report was generally positive for the dollar and US rates, but it was difficult for the Federal Reserve to deal with the inflation headwinds ahead of this week's US Consumer Price Index and US Retail Sales data. After the results were released, the bird decreased and moved in on a test below 0.5600. The price has climbed at the start of the week to face opposition in the near term, as shown in the charts below.

 

Also widely anticipated by traders are the minutes from the previous Fed meeting. According to analysts at TD Securities, the September dot plot displays a higher-than-expected Fed Funds terminal rate of 4.625% with a relatively uniform distribution of dots around this level." How much of this was discussed at the September meeting is the question. These conversations were probably more hawkish than the current dovish pivot markets narrative, given the trends in core CPI inflation.

 

In a report published on Monday morning, analysts at ANZ Bank claimed that rising market expectations of Fed rate hikes over the weekend helped the US usd. The New Zealand dollar retraced down below 0.56 as a result.

 

Although the numbers were better than expected and the unemployment rate fell, the rate of job growth slowed and the monthly salary increase was as anticipated. With all eyes now on the US CPI data later this week, the USD/JPY exchange rate is about 2.2% higher than it was late last Tuesday.

 

"Local factors are simply absent, and anecdotally, the current account deficit in New Zealand is attracting more unfavorable attention. The NZD needs positive rather than negative attention, which is now lacking in a world where US interest rates are leading the way higher.


Suggestion