• English
  • 简体中文
  • 繁體中文
  • Tiếng Việt
  • ไทย
  • Indonesia
Subscribe
Real-time News
Kremlin: The U.S. investigation previously confirmed that Russia did not interfere in the U.S. election.The Russian Ministry of Defense stated that Russian forces struck 24 Ukrainian military vessels in the past week.According to a Reuters poll, all 12 economists surveyed expect the Hungarian central bank to cut its benchmark interest rate by 25 basis points to 5.75% on July 21.July 17th - Eurozone inflation cooled slightly in June, remaining unchanged from the preliminary reading. Overall inflation was -0.1% month-on-month, primarily driven by a decline in energy price inflation (-1.8%). Looking at the breakdown, further cooling of energy prices led to a continued decline in overall year-on-year inflation, with the energy price inflation rate falling from 10.8% in May to 8.5% in June. Meanwhile, food and service price inflation also slowed further. The food price inflation rate fell from 1.9% in May to 1.5% in June, while the service price inflation rate fell from 3.5% to 3.2%. Overall, this pushed core inflation further lower. In summary, the inflation situation did not worsen in June, allowing the European Central Bank greater policy flexibility during the summer and more time to observe before deciding on its next monetary policy move. The current risk lies in the possibility that renewed tensions in the Middle East could trigger a new round of increases in oil and gas prices, further pushing up price pressures during the summer. In the longer term, this also increases the risk of a potential "second-round effect."Investment bank Evercore ISI lowered its target price for Netflix (NFLX.O) from $115 to $100.

The GBP/USD has retested a multi-month low below 1.1700, despite hawkish signals from the options market

Daniel Rogers

Aug 29, 2022 14:42

截屏2022-08-29 上午10.03.47.png 


Despite bullish signs from the options market, Friday's continuation of the GBP/USD decline to a new low since March 2020 has GBP/USD leaning bearish near 1.1680.

 

Nonetheless, the GBP/USD one-month risk reversal (RR), which is the difference between call options and put options, recorded a four-day gain at Friday's end, peaking at 0.025. The RR value flips from negative -0.480 last week to positive 0.295 this week.

 

The recent aggressive language from the Fed and economic worries regarding the UK, especially in the context of political uncertainty, should have served as clues for the negative inclination.

 

Fed Chairman Jerome Powell said in his much-anticipated Jackson Hole speech on Friday that restoring price stability will take some time and involve "forceful" use of the central bank's tools. The policymaker also said that maintaining a restrictive approach for "some time" will be necessary to restore price stability.

 

Goldman Sachs expects a recession for the United Kingdom in Q4 2022, and lowers its GDP forecast for the year from 3.7% to 3.5% on a separate page. The US bank concludes in its latest report that the recession will be "very modest."