EUR/USD 1.17931
-0.114%
Gold 4903.00
-1.262%
Oil 63.442
-1.230%
USD/JPY 156.928
0.034%
GBP/USD 1.36301
-0.162%
GBP/JPY 213.899
-0.105%
Browse More
  • English
  • 简体中文
  • 繁體中文
  • Tiếng Việt
  • ไทย
  • Indonesia
Subscribe
Real-time News
February 5th - The State Council Taiwan Affairs Office held a regular press conference on February 5th. On February 4th, President Xi Jinping spoke with US President Trump by phone, emphasizing that the Taiwan issue is the most important issue in China-US relations. In response, spokesperson Chen Binhua stated that President Xi Jinpings important speech clarified Chinas solemn position on the Taiwan issue and provided fundamental guidance for our work on Taiwan. Taiwan is Chinas territory, and the Taiwan issue is the core of Chinas core interests and the first inviolable red line in China-US relations.February 5th - At a press conference held today (February 5th) by the State Council Information Office, the State Administration for Market Regulation stated that fair competition is a fundamental principle of the market economy and an objective requirement for building a unified national market. In 2025, the Administration will organize and conduct random inspections of fair competition reviews, urging relevant policy-making bodies to rectify policies and measures that hinder a unified market and fair competition; investigate and punish a series of monopoly cases in the pharmaceutical field, leading to significant price reductions for the drugs involved; and investigate and handle 14,600 cases of various anti-unfair competition. Comprehensive measures will be taken to address "involution-style" competition, strengthening cost investigations, price inspections, and guidance and interviews with key enterprises, effectively cooling down "price wars" and "subsidy wars."February 5th - According to the latest statistics from the China Gold Association, in 2025, the total trading volume of all gold products on the Shanghai Gold Exchange reached 31,400 tons (62,900 tons bilaterally), a year-on-year increase of 1.02%; the total trading value reached RMB 24.93 trillion (RMB 49.86 trillion bilaterally), a year-on-year increase of 43.89%. The total trading volume of all gold futures and options on the Shanghai Futures Exchange reached 142,200 tons (284,500 tons bilaterally), a year-on-year increase of 56.10%; the total trading value reached RMB 88.97 trillion (RMB 177.94 trillion bilaterally), a year-on-year increase of 111.93%. In 2025, the total holdings of domestic gold ETFs increased by 133.118 tons, a 149.91% increase compared to the 53.266 tons increase in 2024. By the end of December, the holdings of domestic gold ETFs reached 247.852 tons.Both WTI and Brent crude oil prices fell by more than 1% during the day, currently trading at $63.85 per barrel and $67.74 per barrel respectively.February 5th - At a press conference held today by the State Council Information Office, the State Administration for Market Regulation stated that business entities are a crucial microeconomic foundation for economic recovery and improvement. In 2025, the quality of business entity development in my country continued to improve. Nationwide, 25.745 million new business entities were established, and the number of active enterprises increased by 9.8% year-on-year, accounting for a 4.7 percentage point increase in their share of all enterprises.

The ECB-BOJ policy is in the spotlight as the EUR/JPY shows a minor rebound from 140.00

Alina Haynes

Jul 19, 2022 12:03

 截屏2022-07-19 上午10.07.15.png

 

From the psychological support level of 140.00, the EUR/JPY pair has shown a less likely rebound. Following a brief recovery, the cross has found resistance at about 140.0. The asset is expected to undergo large price swings in the near term as investors shift their focus to this week's monetary policy statements by the European Central Bank (ECB) and the Bank of Japan (BOJ).

 

The ECB is expected to announce a rate rise in response to market speculation, ending its 11-year streak of maintaining the status quo. Households are experiencing price pressures as a result of a significant reduction in their real income, which has significantly affected their patterns of savings and consumption.

 

The European Central Bank (ECB) has already made the announcement that the Asset Purchase Program (APP) would come to an end in order to reduce the galloping inflation. The focus will now shift to an increase in interest rates in the quest for readily available cheap money on the market.

 

The most significant event of the week will be the publication of the eurozone consumer confidence index, aside from that. The initial estimate for the Consumer Confidence statistics for the eurozone is -24.5, down from the prior estimate of -23.6.

 

When announcing its interest rate decision, the Bank of Japan (BOJ) is likely to keep things the same. Given that the Bank of Japan (BOJ) would likely boost global economic demand, it is expected that its governor, Haruhiko Kuroda, will take a dovish stance. The BOJ is concerned with keeping the inflation rate at 2%, and in order to do so, it must also raise labor expenses.


Suggestion