EUR/USD 1.16581
0.122%
Gold 3987.75
0.167%
Oil 61.107
-0.378%
USD/JPY 152.415
-0.300%
GBP/USD 1.33519
0.133%
GBP/JPY 203.504
-0.163%
Browse More
  • English
  • 简体中文
  • 繁體中文
  • Tiếng Việt
  • ไทย
  • Indonesia
Subscribe
Real-time News
On October 28th, Xpeng Motors (09868.HK)s Hong Kong stock market capitalization reached HK$167.4 billion, surpassing Li Autos (02015.HK) market capitalization of HK$165.7 billion during trading. Xpengs Hong Kong stock market capitalization has risen by over 80% this year. At the close of US markets on the 28th, Xpeng Motors (XPEV.N) rose 6.48%, while Li Auto (LI.O) fell 1.6%. Xpeng Motors US stock market capitalization of US$21.981 billion surpassed Li Autos US$21.761 billion by US$200 million.Daiwa Capital Markets: Raised target price for Ford Motor (FN) from $11 to $13.International Energy Agency Director Fatih Birol: Sanctions may push up oil prices, but their impact will be limited due to overcapacity and slowing demand.International Energy Agency Director Fatih Birol: If there are no major geopolitical tensions, we will see lower oil and gas prices.According to a press release from the Hong Kong Special Administrative Region Government on October 28, Chief Executive John Lee will depart for South Korea tomorrow (October 29) to attend the Asia-Pacific Economic Cooperation (APEC) Economic Leaders Meeting and related events in Gyeongju. Lee will attend the APEC Economic Leaders Meeting on November 1, and the APEC Leaders Informal Dialogue with Host Guests, the APEC Business Advisory Council Members Dialogue, and a welcome dinner hosted by the conference organizers for the participating leaders on October 31. During the meetings, Lee will hold bilateral talks with leaders of other economies to exchange views on issues of mutual interest. Secretary for Commerce and Economic Development Stephen Yau will also attend the APEC Ministerial Meeting on October 30. Lee will return to Hong Kong on November 2. During his absence, Chief Secretary for Administration Paul Chan will act as Chief Executive.

NZD/USD falls rapidly from 0.6260 when the RBNZ announces a decline in inflation projections to 3.07 percent

Daniel Rogers

Aug 08, 2022 12:00

 截屏2022-08-08 上午11.52.29.png

 

The NZD/USD pair has encountered selling pressure while attempting to surpass the immediate resistance level of 0.6260. The asset has seen bids after the Reserve Bank of New Zealand (RBNZ) announced inflation estimates at 3.07 percent, down from 3.29 percent previously. It could be an indication of waning price pressure, but additional evidence is still needed to support the argument.

 

Price pressures in the New Zealand economy are increasing and have not yet shown signs of weariness. A June report indicates that an inflation rate of 7.3% is adequate to generate headwinds for families. The RBNZ is consistently escalating its policy tightening measures to combat the same. RBNZ Governor Adrian Orr has already increased the Official Cash Rate by 2.50 percentage points.

 

On the front of the US dollar, the US dollar index (DXY) has returned all intraday gains and is currently trading near the day's open at 106.60. While attempting to break over the crucial resistance level of 106.80, the DXY has encountered selling pressure. This week, investors' attention is centered on Wednesday's release of the US Consumer Price Index (CPI).

 

The annual inflation rate is projected to continue at 8.7 percent, down from 9.1 percent in the previous report. Oil prices have been on a downward trend in July, which may be the determining factor for a significant decline in the price increase index. While the US CPI excluding volatile food and oil prices may increase from 5.9 percent to 6.1 percent, the previous reading was 5.9 percent.

Suggestion