• English
  • 简体中文
  • 繁體中文
  • Tiếng Việt
  • ไทย
  • Indonesia
Subscribe
Real-time News
July 20th - On July 19th, the total crude oil production of the Bayan Oilfield in Bayannur, Inner Mongolia, exceeded 6 million tons. This marks the second time in just seven months that it has surpassed the 5 million ton mark, following its achievement in December 2025. In the first half of the year, the oilfield produced over 870,000 tons of crude oil, completing 51% of its annual plan. Daily production remained stable at 4,800 tons, a year-on-year increase of 20%, contributing nearly one-third of the daily output of the North China Oilfield.On July 20th, in an interview published by Iranian media on July 19th, Iranian Foreign Minister Araqchi revealed that during indirect negotiations between Iran and the United States before the Israeli military attack on Iran last June, the US attempted to "buy Iran" by making numerous promises, but he rejected them on the spot. Araqchi said he stated immediately that Iran would not sell its enriched uranium because it was obtained through 20 years of sanctions endured by the Iranian people and the sacrifices of Iranian scientists. He emphasized that the United States could neither threaten nor buy Iran.July 20th - Hedge funds short positions in the New Zealand dollar have reached a record high, as they believe the recent rebound in global oil prices could exacerbate economic pressures in New Zealand. Data from the Commodity Futures Trading Commission (CFTC) shows that in the week ending July 14th, leveraged funds increased their net short positions in the New Zealand dollar by 1,907 contracts to 29,582 contracts, the highest level since 2006. This bearish stance contrasts with the recent rebound in the New Zealand dollar, which was primarily driven by the Reserve Bank of New Zealands hawkish policies. Furthermore, investor concerns about New Zealands energy-importing economy are also reflected in the short bets, as escalating tensions between the US and Iran have caused oil prices to break through $90 per barrel again. The oil price shock could further worsen the countrys trade balance; last month, the country barely avoided a trade deficit, while domestic consumer spending declined.Wesfarmers Australia: Founders an artificial intelligence partnership with Microsoft (MSFT.O).Shanghai Auntie (02589.HK) once surged by more than 50% during the session, but the gains have now fallen back to 29%.

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.