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Fitch: Given New Zealands heavy reliance on energy imports, the war with Iran poses a certain risk to its economy.Fitch downgraded its outlook for New Zealand to negative; rating AA+.On March 20, CGN Mining (01164.HK) announced that it expects its pre-tax profit from continuing operations in 2025 to decrease by approximately HK$200 million to HK$250 million. Meanwhile, it expects its profit in 2025 to increase by approximately HK$90 million to HK$140 million compared to 2024.On March 20th, the Ministry of Commerce released policy measures to promote the export of travel services and expand inbound consumption. These measures include optimizing statistics on inbound tourism development, promoting data sharing between regions, and strengthening data monitoring and feedback. The measures also emphasize utilizing service consumption and elderly care re-lending policies to guide financial institutions to increase support for inbound consumption-related sectors. Financing guarantees and interest subsidies will be provided to eligible small and micro-sized enterprises engaged in inbound consumption services. Local governments are encouraged to increase investment attraction efforts for performances, sports events, and exhibitions, and to provide essential support for inbound consumption infrastructure such as duty-free shops. Finally, the measures aim to improve the convenience of digital services for inbound travelers.On March 20th, the Ministry of Commerce released policy measures to promote the export of travel services and expand inbound consumption. Among these measures, it was mentioned that visa policies will be further improved. The scope of countries eligible for unilateral visa-free entry will be expanded in an orderly manner, and the transit visa-free policy will be continuously optimized. The introduction of e-visas will be studied, and online applications will be piloted to shorten processing times. Online completion of the Foreigners Entry Card will be implemented. The approval process for foreigners participating in exhibitions, sporting events, and other activities in China will be simplified, and the requirement for a letter of commitment from the inviting party will be waived.

Gold Price Prediction: The XAU/USD pair could have a brief comeback ahead of FOMC changes

Alina Haynes

Sep 16, 2022 14:51

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"The story of substantial Fed rate rise expectations in the coming months may continue to play out this Friday, while gold traders may profit from excessive selling and position re-adjustments ahead of next week's FOMC decision,"

 

"Gold closed below the rising trendline support, then at $1,693, confirming an inverted cup-and-handle configuration." Bears might target the $1,650 psychological level following a breach below the previous day's low of $1,660 should selling pressure pick up again.

 

"On the other hand, the recovery will require acceptance above the 2022 low of $1,681, over which $1,691 will be tested. The level of $1,700 will be the next obstacle to the upside on the road to recovery."

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