• English
  • 简体中文
  • 繁體中文
  • Tiếng Việt
  • ไทย
  • Indonesia
Subscribe
Real-time News
1. Kyiv suffers its "largest ballistic missile attack to date," leaving 1 dead and 17 injured. 2. Ukrainian military: Ukrainian forces hit two Russian oil tankers in the Black Sea. 3. Ukrainian Air Force: Shot down 18 of the 41 missiles launched by Russia overnight. 4. Zelensky: Kyiv forces attacked three oil depots and a fuel facility in Russias Stavropol region. 5. According to RIA Novosti: The Russian Ministry of Defense stated that Russian forces have taken control of Verny in eastern Ukraine. 6. According to Ukrainian authorities, on July 19, a civilian cargo ship carrying grain was attacked by Russian missiles in the Black Sea, resulting in 5 deaths and 5 missing persons.U.S. 10-year Treasury futures fell 6 points, and U.S. 30-year Treasury futures fell 10 points.July 20th - According to South Korean media reports, SK Group Chairman Chey Tae-won stated that SK Hynix is currently searching for a location in the United States to build a chip factory, aiming to increase supply capacity and curb prices, given that demand for memory chips far exceeds supply. As a major player in the industry, he believes the current price level is excessively high and an "abnormal" phenomenon. Chey Tae-won stated, "I believe we need to build (a chip factory) not only in Gwangju and Jeolla Province, but also in the United States." "If conditions permit, I think it should be built. This involves trade pressures and other factors that need to be weighed, so we are considering this."On July 20, the U.S. Central Command announced on social media that a U.S. military personnel died on July 18 while on a mission related to Iran in northern Iraq. Additionally, the U.S. military is searching in Jordan for a U.S. personnel who went missing after the Iranian attack on July 17; unidentified remains have been found, and identification and verification are underway.July 20 – According to the Washington Post, the United States and Iran moved one step closer to a full-blown conflict on Sunday. Attacks on civilian and military facilities have escalated, and at least three (possibly four) U.S. military personnel have been killed since fighting resumed a week ago. In a brief phone interview with NewsNation on Sunday, Trump said he was “completely unconcerned” about Iran’s announcement that it would no longer abide by the bilateral memorandum of understanding reached a month ago. A U.S. official familiar with internal government discussions revealed, “The United States is planning a much larger war,” adding that the Pentagon is increasing the number of military aircraft in the region. However, the official also cautioned that the expansion of U.S. military operations will be constrained by several factors: dwindling stockpiles of air defense and long-range munitions, and limitations imposed by combat losses on the ability to rapidly deploy more troops and aircraft to the region.

Two Trades to Watch: DAX, GBP/USD

Jimmy Khan

May 07, 2022 10:43


微信截图_20220507103127.png


The DAX is falling as industrial output declines.


After a slaughter on Wall Street that saw the Nasdaq finsh 5% down, European equities have begun in the red, extending losses from the previous day.


Fears of inflation, stagflation, and recession are weighing on the market as we approach the weekend. The DAX is expected to shed 1.4 percent this week, marking the fifth consecutive week of losses.


In March, German industrial output decreased -3.9 percent on a month-over-month basis, down from 0.2 percent in February and considerably below the -1 percent drop forecast. The negative report comes on the heels of a sharp drop in German manufacturing orders in March. The data represents the economic effect of the Russian conflict on Germany and the Eurozone as a whole.


Germany does not have any additional statistics due today. Sentiment and the US NFP announcement will affect European indexes.