• English
  • 简体中文
  • 繁體中文
  • Tiếng Việt
  • ไทย
  • Indonesia
Subscribe
Real-time News
The UK Maritime Trade Operations Office reported that the military informed us that an oil tanker entering the Strait of Hormuz was hit by a projectile. Two crew members sustained minor injuries, and the vessel reported it would continue to its next port of call.On September 21st, the Shanghai Futures Exchange (SHFE) announced that after trading on October 8th, 2026 (Thursday), from the closing settlement of the first trading day without a one-sided market, the price limits and margin ratios for all futures contracts except the following will revert to their pre-adjustment levels: 1. The price limits for copper, aluminum, zinc, lead, and alumina futures contracts 2610-2702 will remain at 9%, the margin ratio for hedging positions will remain at 10%, and the margin ratio for general positions will remain at 11%; 2. The price limits for nickel futures contracts NI2610-NI2703 will remain at 10%, the margin ratio for hedging positions will remain at 11%, and the margin ratio for general positions will remain at 12%; 3. The price limits for tin futures contracts SN2610-SN2703 will remain at 12%, the margin ratio for hedging positions will remain at 13%, and the margin ratio for general positions will remain at 14%; 4. 5. The daily price fluctuation limit for aluminum alloy futures contracts AD2610-AD2702 remains at 8%, the margin requirement for hedging positions remains at 9%, and the margin requirement for general positions remains at 10%. 6. The daily price fluctuation limit for silver futures contracts AG2610-AG2704 remains at 20%, the margin requirement for hedging positions remains at 21%, and the margin requirement for general positions remains at 22%. 7. The daily price fluctuation limit for silver futures contracts AG2705-AG2706 remains at 17%, the margin requirement for hedging positions remains at 18%, and the margin requirement for general positions remains at 19%. 8. The daily price fluctuation limit for fuel oil futures contract FU2611 remains at 20%, the margin requirement for hedging positions remains at 21%, and the margin requirement for general positions remains at 22%. 9. The daily price fluctuation limit for wire rod futures remains at 10%, the margin requirement for hedging positions remains at 11%, and the margin requirement for general positions remains at 12%.The Shanghai Futures Exchange (SHFE) announced that, effective from the closing settlement on Tuesday, September 29, 2026, the daily price limits and margin requirements will be adjusted as follows: 1. For copper, aluminum, zinc, lead, alumina, and natural rubber futures, the daily price limit will be 9%, the margin requirement for hedging positions will be 10%, and the margin requirement for general positions will be 11%; 2. For nickel and wire rod futures, the daily price limit will be 10%, the margin requirement for hedging positions will be 11%, and the margin requirement for general positions will be 12%; 3. For tin futures, the daily price limit will be 12%, the margin requirement for hedging positions will be 13%, and the margin requirement for general positions will be 14%; 4. For aluminum alloy futures, the daily price limit will be 8%, the margin requirement for hedging positions will be 9%, and the margin requirement for general positions will be 10%; 5. The daily price limits for gold and silver futures have been adjusted to 16%, the margin requirement for hedging positions has been adjusted to 17%, and the margin requirement for general positions has been adjusted to 18%. The daily price limits for silver futures contracts AG2610, AG2611, AG2612, AG2701, AG2702, AG2703, and AG2704 remain at 20%, with the margin requirement for hedging positions remaining at 21% and for general positions at 22%. The daily price limits for silver futures contracts AG2705 and AG2706 remain at 17%, with the margin requirement for hedging positions remaining at 18% and for general positions at 19%. The daily price limits for rebar, hot-rolled coil, stainless steel, pulp, and offset printing paper futures are adjusted to 7%, with the margin requirement for hedging positions adjusted to 8% and for general positions at 9%. The daily price limits for fuel oil futures contracts FU2610 and FU2611 are adjusted to 20%, with the margin requirement for hedging positions adjusted to 21% and for general positions at 22%.Pakistans Ministry of Information: Airstrikes on three targets in Afghanistan have killed 28 people.On September 21st, Xiaomis AI Hardware Innovation Team open-sourced four AI hardware exploration projects: DayoTag AI Memory Accessory, PetAgent Desktop Companion, Xiaowai Desktop Robot, and YareLampGo Robotic Arm Desk Lamp. Moving forward, the team will continue to explore the integration of AI and hardware, and through open-sourcing, collaborate with more developers to promote related innovative practices.

The Devil Is In The Details: Gold Analysis - Federal Reserve Minutes

Larissa Barlow

Apr 07, 2022 10:33

Analyses of Federal Reserve Minutes 

While both the FOMC statement and Chairman Powell's press conference provide market participants with information about the FOMC's updated and revised monetary policy, it is the release of the minutes that provides investors with significantly greater clarity and understanding. The devil, as they say, is in the details.

 

The Federal Reserve issued the official minutes from its March FOMC meeting today, providing insight into the central bank's current plans to begin unwinding its balance sheet assets. Beginning in March 2020, the Federal Reserve will add around $4.6 trillion to its balance sheet by purchasing $120 billion monthly in mortgage-backed securities ($40 billion) and US Treasury securities ($80 billion), bringing their total to just over $9 trillion.

 

According to Federal Reserve Governor Lael Brainard, the Fed intends to employ a mix of interest rate rises and a quick run-off of the balance sheet to bring US monetary policy closer to neutral later this year.

 

However, the minutes released today imply that the Federal Reserve will unwind around $3 trillion over the next three years, reducing its $9 trillion balance sheet to $6 trillion. While the Fed appears to be indicating a quick runoff of its balance sheet, the reality is that the Federal Reserve's balance sheet will be nearly $2 trillion larger than it was prior to the epidemic.

 

"Participants continued their discussion on plans to reduce the size of the Federal Reserve's balance sheet in a manner consistent with the methodology outlined in the Committee's Principles for Reducing the Size of the Federal Reserve's Balance Sheet, announced following its January meeting."

 

Additionally, the minutes stated, "While no decision was made regarding the Committee's plan to reduce the Federal Reserve's balance sheet at this meeting, participants agreed that significant progress had been made on the plan and that the Committee was well positioned to begin the process of reducing the balance sheet's size as soon as after the conclusion of its upcoming May meeting."


截屏2022-04-07 上午9.59.45.png