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On January 2nd, Qiushi magazine published a special commentator article pointing out that, considering various factors, my countrys real estate industry is at a crucial juncture in its development. The transition from old to new models requires time, as does the shift in market behavior logic. It is essential to deeply grasp the development laws of the real estate industry, correctly understand the current situation, maintain strategic focus, and take proactive measures to strengthen macro-control of the real estate market with more powerful and precise actions. This will continuously improve and stabilize market expectations, minimize adjustment time, smooth market fluctuations, and promote the steady, healthy, and high-quality development of the real estate market.January 2nd - According to the Financial Times, the UK financial regulator has closed 100 investigations in less than three years without taking any enforcement action, bringing the number of investigations on hand to its lowest level in nearly a decade. This unprecedented "clean-up" highlights a strategic shift at the Financial Conduct Authority (FCA). Since Therese Chambers and Steve Smart took over as co-heads of enforcement in April and June 2023, respectively, the FCA has aimed to reduce the number of investigations but focus on cases with greater impact. According to FCA data, between April and November last year, the agency completed 24 investigations, closing nine without any enforcement action and taking enforcement action in 15 others. In the two years leading up to March 2025, the FCA also abandoned 91 investigations that yielded no enforcement results. A total of 100 investigations have been closed without enforcement since Chambers and Smart took office, representing the largest "clean-up" since the FCAs inception in 2013.According to the Financial Times, UK financial regulators have closed 100 investigations.Petronas, the Malaysian national oil company, has set the official selling price for Malaysian crude oil (MCO) in December at US$69.53 per barrel.Jefferies raised its target price for Baidu (BIDU.O) from $159 to $181.

Gold Price Prediction: After a chaotic gyration above $2,020, the XAU/USD pair stabilizes as investors watch the crucial US NFP report

Alina Haynes

Apr 06, 2023 11:49

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In the early Tokyo session, the Gold price (XAU / USD) is exhibiting lackluster performance above $2,020.00. Wednesday's publication of lackluster employment data in the United States caused a wild swing in the price of precious metals. Investors have transferred their focus to the publication of the US Nonfarm Payrolls (NFP) data, resulting in a sideways Gold price.

 

S&P500 continued its downward trend on Wednesday as a weaker Services PMI bolstered recessionary indicators in the U.S. economy, indicating bearish market sentiment. The US Dollar Index (DXY) rebounded strongly from its new monthly low of 101.40 but encountered resistance near 102.00. Despite the publication of unfavorable US Services PMI and labor market data, the USD Index received significant bids.

 

The US ISM Services PMI for March decreased to 51.2 from 54.5 and 55.1 in the previous release. As a result of the Federal Reserve's decision to raise interest rates, a decline in the Service sector is causing growing concern. (Fed). Additionally, households struggle to endure the burden of high inflation. The New Orders Index, which indicates future demand, fell sharply to 52,2 from 57,6 and the previous reading of 62.6. It is very encouraging that the US Services PMI range did not fall below 50, as this would have indicated a contraction.

 

Following the release of disappointing US Automatic Data Processing (ADP) Employment data, investors are eagerly anticipating the release of US NFP, which will shed more light on the state of the labor market. It is anticipated that the unemployment rate will remain unchanged at 3.6%. And Average Hourly Earnings would decline to 4.3% from 4.6% previously reported.


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