EUR/USD 1.03194
0.433%
Gold 2707.75
0.255%
Oil 76.861
-0.552%
USD/JPY 156.324
0.114%
GBP/USD 1.21972
0.225%
GBP/JPY 190.672
0.339%
Browse More
  • English
  • 简体中文
  • 繁體中文
  • Tiếng Việt
  • ไทย
  • Indonesia
Subscribe
Real-time News
On January 20, Zhenro Properties Holdings Limited announced that the companys actual controller, Ou Zongrong, has been taken compulsory measures in accordance with the law for suspected illegal crimes. At present, Ou Zongrong does not hold any position in the company, including director, supervisor, senior management, etc.January 20th news: In 2024, the 19 provinces and cities that provide counterpart assistance to Xinjiang will focus on areas such as peoples livelihood and arrange nearly 20 billion yuan in assistance funds to Xinjiang.German Geoscience Research Center GFZ: A 5.6-magnitude earthquake occurred in Mindoro Island, Philippines.On January 20, Ouke Technology announced that from January 1, 2024 to December 31, 2024, the estimated operating income is 412 million yuan to 452 million yuan, compared with 332 million yuan in the same period last year, an increase of 24.06% to 36.09% year-on-year. The net profit attributable to shareholders of the listed company is expected to be 25.4756 million yuan to 37.4756 million yuan, compared with 114 million yuan in the same period last year, a year-on-year decrease of 67.11% to 77.64%. The net profit after deducting non-recurring gains and losses is expected to be 9.2115 million yuan to 21.2115 million yuan, compared with 38.5453 million yuan in the same period last year, a year-on-year decrease of 44.97% to 76.10%. Basic earnings per share are expected to be 0.3821 yuan/share to 0.562 yuan/share, compared with 1.71 yuan/share in the same period last year.Dongwei Semiconductor: The company expects to achieve a net profit attributable to the parent companys owners of 32 million to 47 million yuan in 2024, a year-on-year decrease of 66.43% to 77.15%.

While hawkish Fed bets strain DXY bears, EUR/USD falls toward 0.9800 as EU/German ZEW data is scrutinized

Daniel Rogers

Oct 18, 2022 14:17

截屏2022-10-18 上午9.52.16.png 

 

The EUR/USD is holding steady near the eight-day high during Tuesday's Asian session after recently falling to 0.9840 as investors look for more evidence to support the previous day's gain. Because of this, today's European and German ZEW numbers for October will be essential for giving the global economy a boost.

 

The recent immobility of the main currency pair may be linked to a conflict between the risk-on mentality and the aggressive Fed discourse. Another issue for EUR/USD traders is a light calendar in the US.

 

Pair purchasers will benefit from Germany's denial of recession fears and the ECB's officials' forceful rhetoric. The EUR/USD values are also fueled by the general US dollar depreciation brought on by waning concerns over the collapse of the UK market. Depressing US numbers also contribute to the upward trend. As a result, the New York Empire State Manufacturing Index for October decreased by -9.5 instead of the expected -4.0 and -1.5.

 

In contrast, hawkish Fed predictions and worries about market intervention in China and Japan seem to pose a challenge to EUR/USD buyers. Despite this, CME's FedWatch Tool forecasts a probability of about 95% for a 75 basis point Fed rate hike in November. The US Treasury Secretary Janet Yellen's upbeat comments, which suggested a strong US labor market, as well as the upbeat US inflation expectations suggested by the 10-year and 5-year breakeven inflation rates according to data from the St. Louis Federal Reserve (FRED), may have served as inspiration for the tool.

 

It should be noted that China's zero-covid policy, its decision to delay the release of important facts or events, and its determination to protect its potential to annex Taiwan and Hong Kong all offer challenges to the pair's rising trend.

 

S&P 500 Futures track Wall Street's advances in the midst of these transactions, but US 10-year Treasury yields decline to 3.99%, testing the US Dollar Index (DXY) bearish recently.

 

Germany's ZEW figures are anticipated to be weaker in October than the sentiment index for the Eurozone, which could alarm EUR/USD traders and present possibilities for intraday sells. However, the danger triggers for apparent directions will receive significant attention.


Suggestion