EUR/USD 1.13747
0.068%
Gold 4046.09
-0.747%
Oil 80.925
-0.302%
USD/JPY 163.754
0.012%
GBP/USD 1.32947
0.053%
GBP/JPY 217.708
0.084%
Browse More
  • English
  • 简体中文
  • 繁體中文
  • Tiếng Việt
  • ไทย
  • Indonesia
Subscribe
Real-time News
July 28th - According to reports from the United States, a tornado swept through Wisconsin on the 27th local time. The National Weather Service stated that the tornado crossed Lake Wennabego and moved south around noon that day, causing numerous trees to fall, houses to be destroyed, and cars to overturn along its path. In the Monasha area, the local power company reported that approximately 18,000 customers were without power due to collapsed transmission lines.Hang Seng Index futures opened 0.12% higher at 25,243 points, a premium of 20 points.According to JLC Network Technologys calculations, as of the seventh working day on July 28th, the average price of benchmark crude oil was $89.27 per barrel, with a change rate of 14.64%. Domestic gasoline and diesel retail prices should be increased by 760 yuan per ton. The adjustments are based on: 1. the structure of domestic crude oil imports and the settlement benchmark commodities; 2. minor adjustments may be made during the pricing mechanisms operation based on import structure, etc., and JLC Network Technology will revise accordingly; 3. At 24:00 on July 17th, domestic gasoline and diesel retail prices were increased by 300 and 290 yuan per ton respectively. According to the "ten working days" principle, the adjustment window for this round is 24:00 on July 31st.Alibaba Cloud: Kimi K3 is now available on Alibabas Qianwen AI platform.July 28th, Futures News: Oil prices fell sharply, fuel oil news was unstable, and costs dragged down downstream traders purchasing and selling sentiment at high levels, with most awaiting the latest contract guidance from major refineries. Market trading was subdued, and it is expected that the focus of fuel oil negotiations will be lowered today.

Ahead of preliminary US S&P PMI data, the XAU/USD remains sideways below $2,000, according to our Gold Price Forecast

Alina Haynes

Apr 20, 2023 13:49

 截屏2022-08-04 下午5.25.46_1024x576.png

 

In the early European session, the Gold price (XAU / USD) is exhibiting erratic movements near $1,994.00. The precious metal is in a state of indecision as investors await the release of preliminary S&P PMI data for the United States on Friday.

 

After violent swings influenced by the Federal Reserve's (Fed) Beige Book, the US Dollar Index (DXY) is showing signs of volatility contraction below 102.00. The declining trend of advances to consumer and business loans by U.S. commercial banks has intensified concerns of a recession in the U.S. economy, despite the fact that economic activity in 12 Fed districts remained virtually unchanged. To prevent a decline in asset quality, banks have tightened credit disbursement requirements.

 

In the meantime, S&P futures have recorded sizeable losses during the Asian session, as investors are wary of firms' comments regarding revenue guidance. The market anticipates that constrained credit conditions will impact the working capital management of cash-reliant companies, thereby affecting their output.

 

The market expects preliminary US S&P PMI data to reveal a Manufacturing PMI reading of 49.0, a decrease from the previous reading of 49.9. The Services PMI is anticipated to decrease to 51.5 from 52.6 previously reported.


Suggestion