• English
  • 简体中文
  • 繁體中文
  • Tiếng Việt
  • ไทย
  • Indonesia
Subscribe
Real-time News
Domestic News: 1. The Ministry of Public Security publicly solicited opinions on the Law on the Prevention and Control of Cybercrime. 2. Wang Xiangxi, Secretary of the Party Committee and Minister of the Ministry of Emergency Management, was investigated. 3. The National Bureau of Statistics: The manufacturing PMI in January was 49.3%, down 0.8 percentage points month-on-month. 4. The Southern Theater Command of the Peoples Liberation Army organized combat readiness patrols in the territorial waters and airspace of Huangyan Island and surrounding areas. 5. Xi Jinping: Give full play to comparative advantages, adhere to the principle of seeking progress while maintaining stability, and promote continuous breakthroughs in the development of my countrys future industries. 6. Qiushi magazine published an important article by General Secretary Xi Jinping entitled "Taking the Path of Financial Development with Chinese Characteristics and Building a Financial Power." 7. The Beijing Economic-Technological Development Area Management Committee issued the "Implementation Plan on Further Accelerating the Construction of a City of Artificial Intelligence (2026-2027)." International News: 1. CME raised the margin requirements for gold, silver, platinum, and palladium futures. 2. The US federal government entered a technical, partial shutdown. 3. Indonesias financial regulatory agency appointed an interim head and an executive head. 4. Trump announces Brett Matsumotos nomination as the new director of the Bureau of Labor Statistics. 5. Sources: Talks between Russia and the United States have begun in Miami, Florida. 6. SpaceX applies to deploy one million satellites to build an orbital AI data center network. 7. According to Interfax: Russia lifts its ban on gasoline exports to producers. 8. Jensen Huang: Will definitely participate in this round of investment in OpenAI, which may be the largest investment in the companys history. 9. Federal Reserve Chairman nominee Warsh is reportedly involved in the Epstein case; US Commerce Secretary Lutnick is reportedly reported to have visited Epsteins private island. 10. An explosion occurred in a building in southern Iran; the Iranian Islamic Revolutionary Guard Corps denies rumors of an assassination attempt on Navy Commander Donsiri; two Israeli officials stated that Israel was not involved in the Iranian explosion.On January 31st, at the Fourth Session of the 14th Heilongjiang Provincial Peoples Congress, which opened on January 31st, expanding domestic demand and promoting consumption were once again key tasks in the government work report. In 2026, Heilongjiang Province will hold over 2,000 consumption-promoting activities, including "Shopping in Heilongjiang," and distribute over 800 million yuan in government consumption vouchers. In 2025, Heilongjiang Province launched a special campaign to boost consumption, expanding the scope of the trade-in program for old consumer goods and organizing a series of consumption-promoting activities, stimulating consumption by 72.84 billion yuan. The province also stimulated potential consumption such as first-launch economy and live-streaming e-commerce, establishing 15 new internationally and domestically renowned flagship stores, and achieving a 14.7% year-on-year increase in online retail sales. The investment structure continued to optimize, with investment in high-tech manufacturing increasing by 11.5% year-on-year, and the proportion of private investment increasing by 2.2 percentage points.January 31st - To effectively curb the sources of cybercrime, rectify the cybercrime ecosystem, and enhance the publics sense of security and satisfaction with cybersecurity, the Ministry of Public Security, after thorough research and demonstration, has drafted the "Cybercrime Prevention and Control Law (Draft for Public Comment)," and is now soliciting public opinions. The deadline for feedback is March 2nd, 2026.January 31st - According to Lighthouse Pro, as of 9 PM on January 31st, the total box office for January 2026 reached 1.961 billion yuan, with "Zootopia 2" holding the top spot for the third consecutive month.On January 31, the "Implementation Plan of Beijing Economic-Technological Development Area on Further Accelerating the Construction of a City of Artificial Intelligence (2026-2027)" was released. The Implementation Plan systematically outlines the development goals for the Beijing Economic-Technological Development Areas city of artificial intelligence over the next two years, proposing to accelerate the construction of a city-level engineering experimental platform driven by data and scenarios, and to promote the application of artificial intelligence in various industries and households. The Implementation Plan specifies that by the end of 2027, the focus will be on building no fewer than 10 benchmark intelligent scenario complexes, promoting the application of 100 vertical models, constructing a number of high-quality industry datasets, gathering 1,000 core enterprises in the artificial intelligence industry chain, attracting 10,000 super individuals and independent developers, and significantly enhancing the scale and level of the core industries of the intelligent economy.

Prior to UK/US PMI, GBP/USD Justifies Monday's Bearish Doji to Drop to 1.2000

Alina Haynes

Feb 21, 2023 15:18

 GBP:USD.png

 

In the early hours of Tuesday morning, GBP/USD retests intraday lows at 1.2020 as traders celebrate the return of Western traders after a lengthy weekend owing to American holidays. In addition to the return of the entire market, the traders of the Cable pair express concern over the Brexit deal negotiations and worries regarding the trust of small industries.

 

Late on Monday, the UK Times claimed that British Ministers are willing to resign over (Prime Minister) Rishi Sunak's Brexit proposal if it undermines Northern Ireland's position inside the United Kingdom. The Times said that "the hostility of euroskeptic Tory lawmakers to the accord is rising."

 

In another article, The Times quotes a Barclay's industrial poll to show that small business owners are becoming more hopeful about the future. The same adds to evidence that the United Kingdom's economic outlook may not be as grim as feared and stated in the press.

 

Concerns of a monetary policy divergence between the Federal Reserve and the Bank of England (BoE) appear to be weighing on the GBP/USD exchange rate, as seen by the week's mixed British results and the robust American data.

 

Notwithstanding this, yields on 10-year U.S. Treasury notes are near their highest levels since early November 2022, with bids hanging around 3.86 percent.

 

Meanwhile, geopolitical concerns emanating from China and Russia appear to enhance the safe-haven demand for the US Dollar and weigh on the GBP/USD exchange rate.

 

The initial figures of the S&P Global PMIs for February will be crucial for GBP/USD traders. To stabilize prices, however, favorable news from the United Kingdom is essential, since recent US Treasury bond yield movements have favored the US Dollar ahead of the most critical US PMIs.