EUR/USD 1.14036
0.301%
Gold 4090.29
0.904%
Oil 84.162
-4.949%
USD/JPY 163.571
-0.169%
GBP/USD 1.33540
0.249%
GBP/JPY 218.438
0.080%
Browse More
  • English
  • 简体中文
  • 繁體中文
  • Tiếng Việt
  • ไทย
  • Indonesia
Subscribe
Real-time News
On July 27th, according to foreign media reports, Malaysian palm oil futures prices fell on Monday, after reaching their highest level in 15 weeks in the previous trading session. The market was under pressure due to declines in the prices of competing oils and crude oil. The October palm oil futures contract fell 39 ringgit, or 0.83%, to 4,683 ringgit per metric tonne (approximately US$1,147.79). The US and Iran suspended military operations over the weekend following two weeks of continuous attacks. This news raised hopes for a diplomatic solution to de-escalate the conflict and allow shipping to resume in the Strait of Hormuz. Oil prices consequently fell by 5%. Weaker crude oil futures reduced the attractiveness of palm oil as a feedstock for biodiesel. Soybean oil futures on the Dalian Commodity Exchange fell 0.99%; palm oil futures fell 1.35%. Soybean oil futures on the Chicago Mercantile Exchange fell 1.36%. According to ITS estimates, Malaysian palm oil product exports increased by 15.9% from July 1st to 25th compared to the previous month. AmSpec is expected to release its statistics later that day.Local officials say two people have been killed in a Ukrainian airstrike on the Russian city of Rostov.The China Earthquake Networks Center officially determined that a magnitude 4.0 earthquake occurred in Tainan City, Taiwan (23.16 degrees north latitude, 120.59 degrees east longitude) at 10:14 on July 27, with a focal depth of 8 kilometers.On July 27th, Hyundai Motor Group Executive Chairman Chung Eui-sun stated that the group is transforming into a provider of physical AI solutions, covering autonomous driving, robotics, and AI-driven smart manufacturing. As part of this strategy, Hyundai and NVIDIA will jointly develop a robotics reference platform, providing standardized hardware and software to support startups, universities, and research institutions in more efficiently developing and validating robotic technologies. Hyundai also announced a broader roadmap, including collaborations with Waymo and Google DeepMind. Building on a previous agreement to purchase 50,000 NVIDIA GPUs, the company plans to accelerate the development of digital twin technology and autonomous driving systems.July 27 - According to Xunze (03317.HK), the company has reached a strategic cooperation agreement with Shenzhen Kaihong Digital Industry Development Co., Ltd. The two parties will carry out comprehensive cooperation in three major areas: AI data infrastructure, terminal data tokenization application, and token business model.

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.

Suggestion