EUR/USD 1.16417
0.146%
Gold 4222.51
0.399%
Oil 58.549
0.188%
USD/JPY 155.636
-0.146%
GBP/USD 1.32331
0.159%
GBP/JPY 205.959
0.029%
Browse More
  • English
  • 简体中文
  • 繁體中文
  • Tiếng Việt
  • ไทย
  • Indonesia
Subscribe
Real-time News
The yield on Japans 30-year government bonds rose 3.0 basis points to 3.405%.Fulian Holdings (00459.HK): Trading in the companys shares will be temporarily suspended from 1 p.m.On December 3, Innoscience (02577.HK) announced that on December 2, the U.S. International Trade Commission (ITC) issued its ruling on the Section 337 investigation initiated by Infineon against Innoscience. In the two patents involved, the ITC ruled that Innoscience did not infringe on one patent, and that Innosciences circumvention design (a design currently used in its products) did not infringe on the other patent. This ITC ruling further clarifies Innosciences intellectual property status and will remove obstacles to its future global development. The company will continue to respect and protect intellectual property rights and is committed to providing global customers with superior silicon-based gallium nitride power solutions.On December 3rd, William Blair analyst Alexandra Symeonidi stated that golds upward momentum may face challenges as asset allocation shifts back to risk assets if market sentiment improves next year. She noted that while gold futures open interest is above the long-term average, it is well below this years peak, potentially indicating a weakening of optimism in the gold market after the strong start to the year. In a report, the analyst pointed out that investors may increase their gold allocations given sticky inflation during a rate-cutting cycle. Symeonidi also believes that "central bank demand for gold is more structural, given the increasing US fiscal deficit and the low proportion of gold held in foreign exchange reserves by emerging market central banks."The yield on Japans 40-year government bond rose 3.0 basis points to 3.715%.

With RBA policy in the forefront, AUD/NZD sustains a weekly low at 1.0900

Daniel Rogers

Aug 01, 2022 12:16

截屏2022-08-01 上午9.53.05.png 

 

After dropping near to a crucial support level of 1.0900 during the Asian trading session, the AUD/NZD pair has since recovered considerably. Several offers have been submitted for the asset, and a purchase response is in the process. Strong purchase activity typically indicates that consumers thought the underlying product was a wise investment.

 

The cross is turning upwards as investors prepare for forceful words from the Reserve Bank of Australia (RBA). For the third time in a row, RBA Governor Philip Lowe is expected to increase the Official Cash Rate (OCR) by 50 basis points (bps). Australia's inflation rate has increased to 6,1% as of the second quarter of CY2022, which has led to increased pricing pressure. Since the prices of commodities like oil and food continue to fluctuate, the inflation rate has not yet run out of room to rise.

 

In today's session, the release of the Caixin Manufacturing PMI data is quite important. The economic data is predicted to register at 51.5, slightly below the prior level of 51.7. A reduction in Chinese industrial activities will have an impact on the antarctic because Australia is China's main trading partner.

 

On the New Zealand front, kiwi bulls anticipate the release of employment numbers on Tuesday. According to projections, the jobless rate will drop from the previously reported 3.2 percent to 3.1 percent. In addition, the Employment Change may increase from the previous 0.1 percent to 0.4 percent.


Suggestion