EUR/USD 1.17286
0.050%
Gold 4716.69
0.632%
Oil 92.916
-1.862%
USD/JPY 156.856
-0.047%
GBP/USD 1.35567
0.046%
GBP/JPY 212.650
0.012%
Browse More
  • English
  • 简体中文
  • 繁體中文
  • Tiếng Việt
  • ไทย
  • Indonesia
Subscribe
Real-time News
According to the Financial Times, US businesses are urging Trump to intervene in the EUs new consumer rules.On May 8, the Taiwan Affairs Office of the CPC Central Committee, the National Development and Reform Commission, and Fujian Province, together with relevant departments of 48 central and state organs, convened an inter-ministerial and provincial working conference in Beijing on the construction of a demonstration zone for cross-strait integrated development. The conference summarized the implementation of the "Opinions of the CPC Central Committee and the State Council on Supporting Fujian in Exploring a New Path for Cross-Strait Integrated Development and Building a Demonstration Zone for Cross-Strait Integrated Development," discussed key tasks for the next stage, and supported Fujian in taking greater strides in exploring a new path for cross-strait integrated development and building a high-quality demonstration zone for cross-strait integrated development.May 8th - According to the latest statistics from Flight Manager DAST, 30 China-Japan routes cancelled all flights in April, a decrease compared to March. However, the actual number of flights to Japan operated in April was 182 fewer than in March. A total of 1,543 flights from mainland China to Japan were cancelled in April, representing a cancellation rate of 37.7%.On May 8th, it was learned from industry sources that the Securities Association of China (SAC) recently officially launched a trial evaluation of securities companies performance in fulfilling the "five major tasks" of the financial sector in 2026. Previously, the SAC revised the "Special Evaluation Method for Securities Companies Performance in Fulfilling the Five Major Tasks of the Financial Sector (Trial Implementation)" and solicited opinions from the entire industry on the revised draft in March 2026. Judging from the official indicators issued for this trial evaluation, the SAC, while maintaining the overall framework of the evaluation system, has precisely implemented a combination of "addition" and "subtraction"—expanding the indicator dimensions to adapt to new market changes while eliminating redundant and repetitive items, resulting in a clearer and more distinct evaluation orientation. Compared to the previous draft for comments, the number of indicators in this trial evaluation has increased from 13 to 14, while the total evaluation score remains unchanged.On May 8, Hong Kong Chief Executive John Lee attended the 2026 Global Mediation Summit hosted by the International Court of Mediation. Lee pointed out that the national 15th Five-Year Plan explicitly supports the International Court of Mediation in playing a better role, which will consolidate Hong Kongs key role in peacefully resolving disputes through mediation. The Hong Kong SAR Government will continue to deepen its partnership with international mediation organizations, working together to promote Hong Kongs development into a global mediation center. The Hong Kong SAR Government sincerely invites governments, businesses, and investors from all countries to make full use of the mediation services provided by the International Court of Mediation in Hong Kong.

EUR/USD falls toward 1.0500 as the US labor market tightens and investors investigate Eurozone inflation

Daniel Rogers

Jan 06, 2023 11:19

 EUR:USD.png

 

In the early Tokyo session, the EUR/USD pair is hanging at the critical support level of 1.0520. The major currency pair is projected to prolong its slide to around the psychological support of 1.0500, as the United States' tight job market has spurred the threat of the Federal Reserve (Fed) sustaining rising interest rates beyond CY2023.

 

Investors applied heavy selling pressure on risk-perceived assets such as the S&P 500 as the better-than-anticipated addition of new payrolls to the U.S. labor market for the month of December could accelerate wage inflation in the future. Risk aversion was encouraged by investors, resulting in a jump in the US Dollar Index (DXY). The USD Index jumped to roughly 105.00 due to a boost in safe-haven demand. A reduction in investors' risk appetite affected the demand for United States government bonds.

 

The Automatic Data Processing (ADP) agency of the United States declared a large increase in the number of employment additions for the month of December, from 150K to 235K, compared to the previous release of 127K. It is abundantly evident that increasing demands for skill will be satisfied by paying higher remuneration, therefore stimulating wage growth and leaving individuals with more spare cash. The declaration could bring about a price index recovery through a spike in retail demand.

 

In the future, the United States Nonfarm Payrolls (NFP) statistics release will give further information on the employment situation. The Unemployment Rate is anticipated to continue at 3.7%. In addition, the disclosure of the facts regarding the Average Hourly Wage will be of the utmost importance.

 

Investors will eagerly scrutinize the release of the Eurozone Harmonized Index of Consumer Prices (HICP) numbers on Friday. In view of the fall in energy prices and German inflation, it is quite possible that Eurozone inflationary pressures will follow a similar trend.

 

As reported by Reuters, European Central Bank (ECB) policymaker Francois Villeroy de Galhau noted in a New Year's address: "It would be desirable to achieve the appropriate 'terminal rate' by the summer of next year, but it is too early to say at what level."


Suggestion