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Volvo Cars: 2026 will be a challenging year for the automotive industry, with the overall premium market expected to shrink.Royal Bank of Canada: Lowered its price target for Qualcomm (QCOM.O) to $150 from $180.1. Goldman Sachs: Expects interest rates to remain unchanged. In the current "Goldilocks" economic environment of trending growth, low unemployment, and inflation near target, maintaining a neutral monetary policy is undoubtedly a reasonable choice. 2. ING: Expects interest rates to remain unchanged. A stronger euro may restart discussions about the possibility of a rate cut. If the euro strengthens further, the possibility of a rate cut in March will increase. Low inflation adds leverage to dovish discussions. 3. ABN AMRO: Expects interest rates to remain unchanged. The committee tends to ignore the situation where the inflation rate is below the target level. Lagarde is expected to reiterate that no specific exchange rate target is set, and that the committee is prepared to act at any time if the impact of exchange rates becomes significant. 4. Scotiabank: Expects interest rates to remain unchanged, maintaining a neutral communication stance. Recent economic data, including the services PMI and CPI, have met expectations and have not given ECB policymakers much incentive to take action. 5. Nordea: Expects interest rates to remain unchanged, possibly until the second half of 2027, as overall price pressures remain anchored within the target range, the economy is resilient, and recent foreign exchange fluctuations are unlikely to cause excessive concern. 6. Dutch Cooperation: Expects to keep interest rates unchanged, with two rate hikes in March and June 2027. Although euro appreciation may trigger verbal intervention, the euro still has considerable room for appreciation before triggering a rate cut. 7. Societe Generale: Expects to keep interest rates unchanged, as core inflation remains above 2% and economic growth is strong. If the recent rise in oil prices continues, offsetting the deflationary effects of a stronger euro, it will reduce the urgency to adjust policy. 8. UniCredit: Expects to keep interest rates unchanged until 2027, as the economy has shown resilience. A stronger euro is unlikely to pose a significant threat to its baseline scenario. Maintaining a data-dependent and meeting-by-meeting decision-making approach is crucial for flexible action. 9. Capital Economics: Expects to keep interest rates unchanged and not change policy guidance. Inflation is likely to fall below target in the second half of the year, prompting a rate cut before the end of the year. Direct intervention is unlikely unless the euro appreciates more rapidly and significantly. 10. Amundi: Expects to keep policy unchanged. The risk of lower-than-expected inflation at the beginning of the year reinforces the view that the ECB may cut interest rates again to 1.75% later this year. 11. Berenberg: Expects to keep interest rates unchanged; current economic growth is robust and further rate cuts are not yet necessary. However, a stronger euro increases downside risks to inflation, potentially forcing a downward revision of inflation expectations and increasing the likelihood of further rate cuts in the future. 12. HSBC: Expects to remain on hold for an extended period, likely maintaining a dovish stance and possibly hinting at a willingness to act if necessary. This could put pressure on the euro/pound pair, and comments regarding a stronger euro are worth watching. 13. Deutsche Bank: Expects to keep interest rates unchanged throughout the year, with a rate hike expected by mid-2027. Further rate cuts are possible this year due to potentially lower-than-target inflation and a stronger euro, but action will only be taken if there are significant changes in the macroeconomy. 14. Morgan Stanley: Expects to keep interest rates unchanged and maintain its policy message. Policy discussions are likely to focus primarily on downside risks, with particular attention to increased trade uncertainty, economic growth momentum, and exchange rate factors.S&P Global Ratings: Japanese companies can withstand rising interest rates.February 5th - It is reported that Alibaba Group has unified the general name and core brand for AI under the name "Qianwen" (千问). The "Qianwen Big Model" (Qwen) encompasses both basic big models and specialized domain models. This move is to avoid confusion caused by the previous use of multiple names such as Qianwen, Tongyi Qianwen, and Qwen. After unification, the Alibaba big model brand will be "Qianwen Big Model" in Chinese and "Qwen" in English. Tongyi Labs is the organizational name of the Tongyi Labs under Alibaba Group.

Forecast for the price of gold: XAU/USD fluctuates over $1,760 as investors await the US NFP

Daniel Rogers

Aug 04, 2022 11:36

截屏2022-08-03 下午3.31.13_1024x576.png 

 

In the early Asian session, the price of gold (XAU/USD) is exhibiting topsy-turvy movements above the nearby support level of $1,760.00. Prior to that, the precious metal showed a responsive purchasing action after Wednesday's low of $1,756.00. The shiny gold has risen to just shy of $1,764.00 after holding onto its two-day low. In the near future, the FX domain will lay the groundwork for the publication of the US Nonfarm Payrolls (NFP), which will influence the asset's future course.

 

There is no doubting that the Federal Reserve (Fedrising )'s interest rates have compelled corporate participants to apply additional filters to their analysis of investment prospects. Before spending large sums of money on projects, businesses conduct a lot of thinking. This has increased the likelihood that the process of creating jobs would suffer substantial harm.

 

In addition, comments from major IT companies suggesting stopping the hiring process for the remainder of the year may cause a sharp decline in job chances. In contrast to June's report of 372k, investors predict 250k job increases in the labor market in July. A vulnerable individual from this group might considerably raise gold prices.

 

On a four-hour time frame, the bottom part of the Rising Channel, which is plotted from the low of July 21 at $1,681.87, and the higher part, which is shown from the high of July 22 at $1,739.37, will see large bids for gold prices.

 

The 200-period Exponential Moving Average (EMA) at $1,764.11 overlaps with the gold prices, signaling a make-or-break situation for gold bulls. The 50-EMA at $1,752.16 is rising, which suggests further potential.