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As of 10:23 on August 24, in terms of capital inflows into domestic futures main contracts, Shanghai Gold 2610 saw an inflow of 1.004 billion yuan, Shanghai Copper 2610 saw an inflow of 933 million yuan, and Lithium Carbonate 2701 saw an inflow of 856 million yuan. In terms of capital outflows, CSI 1000 2609 saw an outflow of 7.601 billion yuan, CSI 2609 saw an outflow of 4.226 billion yuan, and CSI 2609 saw an outflow of 3.337 billion yuan.Gold prices rose to their highest level in over three months on Monday, supported by a weaker dollar, as market focus shifted to key US inflation data and Federal Reserve Chairman Warshs speech later this week. Tim Waterer, chief market analyst at KCM Trade, said gold started the week strongly, regaining buying support, primarily driven by a weaker dollar. The market is also paying closer attention to signals that rising yields may signal underlying economic pressures and policy uncertainty. The market will be watching the July PCE price index and Warshs speech at the Jackson Hole symposium this week for new clues about the interest rate outlook. "Traders will be closely watching for any changes in his tone regarding the policy path and how that rhetoric resonates with recent bond market movements. A balanced or cautious tone, leaving room for policy flexibility, could open the door for further gains in gold prices."August 24th - US long-term interest rates are rising, currently at levels roughly equivalent to those before the 2008 global financial crisis. Moodys Analytics chief economist Mark Zandi stated that the Iran war is the primary reason driving up long-term interest rates. However, he added that the Federal Reserve is also a contributing factor. Fed Chairman Warsh seems to believe that the Fed should not comment on forward guidance or even its policy response function, which is also pushing up long-term interest rates. Because this approach increases uncertainty, bond investors are demanding higher yields as compensation.Data from the UK National Grid shows that the Hisham 2-7 nuclear reactors have been restored to grid operation after being shut down.On August 24th, it was reported that the State Administration for Market Regulation (National Standardization Administration) has released over 2,800 national standards this year, of which over 1,400 are for emerging industries, accounting for more than 50%, effectively supporting the vigorous development of new productive forces. Specifically, the new generation information technology industry and the new materials industry each released over 300 national standards. Standards such as "Multimodal Data Format for Brain-Computer Interface" and "Intelligent Classification of Artificial Intelligence Terminals" have set cutting-edge benchmarks for the development of the information technology industry; standards such as "High-Strength Crack-Arresting Steel Plate for Marine Use" and "Polyacrylonitrile-Based Oxidized Fiber" have promoted the industrialization of new materials. The new energy industry and the energy conservation and environmental protection industry each released over 100 new national standards. The "Safety Requirements for Electric Vehicles" and "Safety Requirements for Power Batteries for Electric Vehicles," dubbed the "strictest ever," promptly addressed public concerns about the safety of new energy vehicles. In addition, a number of important standards were released, such as "Requirements for Mechanical Interface of Flat-Plate Stacked Satellites and Rockets" and "Specifications for Flight Management and Service Information Interaction of Unmanned Aerial Vehicles," effectively meeting the urgent needs of emerging industries such as aerospace and low-altitude economy.

Two Trades to Watch: DAX, GBP/USD

Jimmy Khan

May 07, 2022 10:43


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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.