• English
  • 简体中文
  • 繁體中文
  • Tiếng Việt
  • ไทย
  • Indonesia
Subscribe
Real-time News
On September 13th, it was reported that the Houthi rebels in Yemen have recently intensified their offensive against government forces and seized control of strategic locations in the Red Sea. Experts analyze that changes in the balance of power within Yemen and the conflict between the United States and Iran are the reasons for the rapid escalation of the conflict in Yemen. Li Zixin, assistant researcher at the China Institute of International Studies, stated that firstly, since the sudden escalation of the current Israeli-Palestinian crisis in October 2023, the Houthi rebels have frequently conducted military operations in the Red Sea under the pretext of supporting Hamas. During this process, the Houthis have continuously trained in missiles, drones, and cross-sea strikes, and have also cooperated to a considerable extent with regional allies, gradually enabling them to operate on multiple fronts. Secondly, since the UN-mediated ceasefire agreement in 2022 failed to be renewed, the various factions within the Yemeni government forces have never been able to effectively integrate. Currently facing multiple Houthi attacks, the US forces are almost instantly routed, with some even retreating before the battle even begins. Within nine days, they have lost several strategic locations, including the Mukha and Hanish Islands, surrendering areas once largely controlled by the government forces to the Houthis. Thirdly, with the US deeply mired in the war against Iran, the Houthis have precisely seized upon this power vacuum.On September 13, the Canadian Prime Ministers Office announced that Prime Minister Mark Carney will visit Strasbourg, France, and Liverpool, UK, from September 15-17. The announcement stated that the Canadian government is building diverse partnerships. In France, Carney will address the European Parliament at the invitation of European Parliament President Jean-Michel Mezzola, attend European Commission President Ursula von der Leyens State of the Union address, and meet with MEPs to strengthen ties between Canada and the EU in trade, investment, and security. In the UK, Carney will hold his first meeting with Prime Minister Burnham to discuss priorities in bilateral relations, particularly in defense, energy, artificial intelligence, and critical minerals.On September 13, Iraqi Deputy Prime Minister and Foreign Minister Fuad Hussein spoke by phone with Iranian Foreign Minister Araqchi on September 12, local time. According to the Iraqi Foreign Ministry, the two sides discussed the reasons for Iraqs recent temporary closure of some border crossings with Iran and the subsequent arrangements, and exchanged views on the attacks on Saudi Arabia and the progress of related investigations. They also discussed a regional conference planned for Oman. Member states of the Gulf Cooperation Council, Iraq, and Iran will participate, focusing on issues related to the Strait of Hormuz. Hussein stated that Iraq supports holding the conference and will send a delegation. The two sides also exchanged views on the situation in Yemen and expressed their commitment to easing regional tensions through dialogue and negotiation.On September 13, local time, Houthi military spokesman Yahya stated that in response to Saudi Arabias continued military operation in Yemen, the Houthi rebels launched a military operation, striking an weapons depot at a military base in Saudi Arabias Shahrala region, as well as the command and control center responsible for directing and coordinating military operations against Yemen and its people. Yahya said the operation used a large number of ballistic missiles and drones, and the target was "precisely and directly struck." He warned that if Saudi Arabia continues its military operation in Yemen, the Houthi forces will launch larger-scale and more intense military operations against targets deep within Saudi territory, and Saudi Arabia will bear serious consequences.On September 13, the Prime Minister of Qatar and the Deputy Prime Minister and Foreign Minister of Jordan discussed diplomatic efforts to "de-escalate tensions and promote security and stability." Both sides stated that Qatar supports all efforts aimed at "reaching a solution that ensures freedom of navigation at sea and paving the way for a comprehensive agreement that achieves lasting peace in the region." They also discussed ways to support and strengthen bilateral cooperation.

USD/CHF reaches 0.9500 as China's anti-lockdown demonstrations prompt a risk-off posture

Alina Haynes

Nov 28, 2022 14:54

 截屏2022-11-28 上午10.37.18.png

 

After dropping close to a crucial support level at 0.9440 during the early Asian session, the USD/CHF pair struggled to rebound. Increasing individual protests against anti-Covid locking initiatives have produced a trend of risk aversion on the global market, which appears to be bolstering the attempted recovery.

 

The asset is trading near 0.9480 at the time of writing and is expected to remain under the influence of bulls as the US Dollar index (DXY) exhibits strength. The USD Index is approaching 106.23 and attempting to surpass 106.42, a two-day high. The heightened likelihood of a catastrophic economic slump as a result of China's households' road protests against Covid-19 limitations has raised the appeal of safe-haven investments.

 

10-year US Treasury yields remain below 3.70 percent as the Federal Reserve (Fed) seeks to suspend the larger culture of rate hikes in order to reduce market risks and evaluate the progress made by Fed policymakers to date.

 

The earliest estimates of the United States' Gross Domestic Product (GDP) will be crucial for future forecasting. The economic data for the third quarter is predicted to remain unchanged at 2.6%. This may keep the dollar in control, but it will not assist Federal Reserve Chair Jerome Powell in achieving price stability. Despite tough policy measures, persistent growth rates indicate sustained retail demand, which prevents inflation from declining as predicted.

 

Regarding the Swiss franc, investors look forward to Tuesday's GDP report. It is projected that quarterly economic data would remain constant at 0.3%. While annual growth rates are expected to decline from the previously predicted 2.8% to 1.0%,