EUR/USD 1.15994
-0.035%
Gold 4573.20
2.366%
Oil 87.850
0.120%
USD/JPY 158.902
0.090%
GBP/USD 1.33954
-0.095%
GBP/JPY 212.860
-0.007%
Browse More
  • English
  • 简体中文
  • 繁體中文
  • Tiếng Việt
  • ไทย
  • Indonesia
Subscribe
Real-time News
On March 25th, Christopher Wang, a strategist at OCBC Bank in Singapore, stated that safe-haven demand for gold is resurfacing due to expectations of a de-escalation of the Middle East conflict and a weakening of the US dollar. This further demonstrates that gold has not lost its appeal as a safe-haven asset. It had previously been squeezed out of the market by the dollar, but that pressure is now easing. In the short term, gold prices may continue to be influenced by expectations of the Federal Reserves policy path, the dollars performance, and changes in the geopolitical situation. However, this rebound suggests that price declines may still find support unless real yields rise significantly.Kimi, the founder of Dark Side of the Moon, is being used by chip manufacturers worldwide for model evaluation.The founder of Dark Side of the Moon: Scalability has been a key foundation for the development of the artificial intelligence industry in recent years. Our latest Kimi model introduces "Agent Swarm," enabling multiple agents to work collaboratively. We focus on improving token efficiency.On March 25th, local time, a spokesperson for Irans Khatham Anbya Central Command addressed the United States, saying, "Dont call your failure an agreement." The spokesperson stated, "Your investments in the region will be lost, and you wont see the energy and oil prices of the past." However, according to a US report on the 24th, sources said that Iran rejected US Presidential Envoy Witkov and Trumps son-in-law Jared Kushner as US negotiators, accusing them of "betrayal." Trump told the media on the 23rd that the US had held talks with Iran and reached an agreement on key points. However, Iranian Parliament Speaker Ghalibaf denied any negotiations with the US on social media on the 23rd.JPMorgan Chase raised its price target for Amazon (AMZN.O) from $265 to $280.

USD/CHF Steady at 1.0020 as DXY Pauses, Powell and US Retail Sales Take Center Stage

Daniel Rogers

May 16, 2022 10:46

The USD/CHF pair is bouncing within a small range between 1.0020 and 1.0030 in early Tokyo, as the US dollar index (DXY) is not gaining much traction due to Monday's light economic calendar. Although broad-based fundamentals continue to favor the dollar bulls, the Federal Reserve (Fed) is projected to raise interest rates by another significant number in June in an effort to limit the inflation issue.

 

Last week, Fed's Powell's interview with the national radio show Marketplace revealed the ongoing conversations among Fed policymakers regarding anticipated rate hikes in monetary policies. Fed Powell indicated that the Fed could declare two additional rate hikes in the next two consecutive monetary policy sessions in order to tame the soaring inflation.

 

In the meantime, the US dollar index (DXY) is poised between 104.46 and 104.60 after reaching a new 19-year high of 105.00 on Friday. The DXY appreciates the broader gains but requires further triggers to maintain strong. In the future, two significant events on Tuesday will keep investors occupied. First will be Fed Chairman Powell's speech, which will likely influence monetary policy action in June. The second significant event is the monthly US Retail Sales report, which is anticipated to increase by 0.7% from the previous reading of 0.5%.

 

In terms of the Swiss franc, Friday's Industrial Production data will be the focal point. The catalyst reached 7.3% the previous time. A greater-than-anticipated number will strengthen the Swiss franc against the U.S. dollar. 

USD/CHF

image.png 


Suggestion