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On September 8th, according to sources, the Guangdong Provincial Department of Housing and Urban-Rural Development convened a symposium with real estate companies to understand the impact of the new policies on various projects, the policy support the companies hoped to receive, and their opinions and suggestions on the implementation details in various regions. It is understood that the symposium held by the Guangdong Provincial Department of Housing and Urban-Rural Development will investigate the number, area, number of units, and distribution of projects for which real estate companies have acquired land but have not yet obtained construction planning permits, have obtained construction planning permits but have not yet obtained pre-sale permits, and have obtained pre-sale permits but are still on sale. The symposium will also assess the impact of the new real estate development model policies on these three types of projects, including but not limited to the impact on development, sales, delivery, funding, and debt; the plans and measures of real estate companies to implement the new real estate development model policies; the policy support they hope to receive; and their opinions and suggestions on the implementation details in various regions.September 8th - Analyst Robert Howard stated that the US August CPI data could determine whether the Federal Reserve will favor raising or maintaining interest rates at next weeks decision, and will also impact the dollars performance. According to the median forecast in a Reuters poll, the overall CPI is expected to rise 0.4% month-on-month and 3.4% year-on-year; core CPI is expected to rise 0.2% month-on-month and 2.4% year-on-year. If the data is higher than expected, hawkish voices will rise, calling for a rate hike by the Fed in September, potentially boosting the dollar. Conversely, if the data is weak, doves will advocate for maintaining interest rates unchanged for the sixth consecutive time, which could be detrimental to the dollar. The market currently sees a 57% probability of a Fed rate hike this month, after strong non-farm payroll data last Friday led to a shift in expectations towards a hawkish stance. This shift occurred 24 hours after Fed Governor Waller made dovish comments, which had previously pressured the dollar; seven days earlier, Fed Chairman Warshs hawkish guidance at Jackson Hole had boosted the dollar.September 8 - The Saudi-led coalition in Yemen stated today (September 8) that Houthi rebels attacked civilian and economic facilities in Abha, Khamis Mushait, Najran, and Jizan in southwestern Saudi Arabia, injuring 73 people. The coalition stated that it will respond firmly to the Houthi attacks.Reserve Bank of Australia Assistant Governor Hunt: The committee is concerned about inflation and has a low tolerance for it.Reserve Bank of Australia Assistant Governor Hunt: July CPI data is only for a single month.

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.