• English
  • 简体中文
  • 繁體中文
  • Tiếng Việt
  • ไทย
  • Indonesia
Subscribe
Real-time News
According to a Nikkei poll: Japans cabinet approval rating fell 5 percentage points to 32%.On July 27, Laopu Gold (06181.HK) announced on the Hong Kong Stock Exchange that it expects to achieve sales performance (tax income included) of approximately RMB 13,800 million to RMB 14,300 million in the first half of 2025, an increase of approximately 240% to 252% over the same period last year; revenue of approximately RMB 12,000 million to RMB 12,500 million, an increase of approximately 241% to 255% over the same period last year; non-IFRS measured adjusted net profit (excluding the impact of share-based payment remuneration) of approximately RMB 2,300 million to RMB 2,360 million, an increase of approximately 282% to 292% over the same period last year; net profit of approximately RMB 2,230 million to RMB 2,280 million, an increase of approximately 279% to 288% over the same period last year.On July 27, Japanese Prime Minister Shigeru Ishiba said in an interview with NHK that he plans to stay in office despite growing calls within the ruling party for him to resign after last weeks election defeat. "I will devote myself to the future of the people and the country," he said. He added that he must take responsibility for implementing the recently announced US-Japan trade agreement. Ishiba will speak at a Liberal Democratic Party meeting on Monday. LDP members have been calling for someone to be held accountable for the results of the July 20 Senate election. Former Foreign Minister Toshimitsu Motegi called on the LDP to change its leader on his YouTube channel over the weekend. Several Japanese media reported last week that Ishiba planned to resign, but the latter later denied the news. When NHK asked him if he had wavered in his decision to continue to govern, Ishiba replied "no".Russian Defense Ministry: Russian troops have attacked Ukrainian remote drone control stations. The deployment locations of the Ukrainian Armed Forces in 146 regions have been attacked.On July 27, US President Trump posted a picture on his "real social media" showing former US President Obama driving the white Ford Mustang SUV that former US football star OJ Simpson rode when he fled in the "wife murder case" in 1994, while Trump and Vice President Vance were driving behind to catch up. Vances image was also modified and came from the previously popular "Fat Vance" emoticon package.

The pound against the dollar gave up its gains since the non-agricultural upset! Reduction expectations have not yet cooled down

Oct 26, 2021 11:04

On Friday (October 8), affected by the mixed employment data in the United States, the pound against the dollar gained some positive traction in the past hour and hit a more than one-week high near 1.3655, but then almost gave up all the gains. .


On the last day of the week, GBP/USD attracted some low-point buying near the 1.3580-85 area and turned positive for the second day in a row. This is also the sixth trading day of the previous seven trading days, and it has gained additional boost from the mild weakness of the US dollar in the early trading in the North American market.

After the non-agricultural employment data was significantly lower than expected and showed that the United States only created 194,000 jobs in September, there was some sell-off in the US dollar. This number was far below the expected 500,000, but was partially offset by the upward revision of last month's data. More details show that the unemployment rate fell below 5.0% for the first time since the pandemic began in March 2020.

Institutional comments on US non-agricultural employment data: The number of new jobs in the United States in September has been lower than expected for the second consecutive month, indicating a weak recovery in the labor market, complicating the Fed’s decision to reduce monetary support before the end of the year. The sluggish employment growth for several months shows that there is a tug-of-war between employers and job-seekers-employers desperately need employees, and job-seekers are slow to return to the workplace. Nevertheless, as companies raise wages, the reopening of schools and the end of federal unemployment benefits should lead to an increase in hiring in the coming months.

However, these data have hardly weakened expectations that the Fed will soon begin to reduce bond purchases and may raise interest rates in 2022.

The exchange rate bears subsequently counterattacked, further strengthening this. In fact, the benchmark 10-year U.S. Treasury bond yield continues to stabilize at around 1.59%, which is close to a 4-month high. This, in turn, continued to boost the U.S. dollar and restrained any surge in the pound against the U.S. dollar.

On the upside, the resistance levels focus on 1.3655, 1.3717, and 1.3743, and on the downside, the support levels focus on 1.3574, 1.3544, and 1.3500.

(The British pound against the U.S. dollar daily chart)

At 21:42 GMT+8, the pound was quoted at 1.3629 against the US dollar.