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On May 9th, Futures News reported that from a macroeconomic perspective, Trumps primary objectives are to secure low-priced Middle Eastern oil, curb Irans nuclear program, and expand the dollars dominance in oil settlements, rather than perpetuating an energy price crisis. The likelihood of a macroeconomic upside is relatively high, but further analysis is needed. If the escalation of the US-Iran situation leads to a continued surge in oil prices and stagflation, the market will price gold as an inflation hedge and safe haven, thus boosting silver. However, weakness in the industrial sector will drag down silver, limiting its upside potential or causing a pullback. Conversely, if the Middle East situation does not lead to stagflation, and the Federal Reserve begins raising interest rates to mitigate inflation risks, silver will be under pressure. If US-Iran relations ease and the Strait of Hormuz resumes normal navigation, oil prices may fall significantly, and the market may price in a Fed rate cut this year, leading to an upward correction in silver prices. Overall, looking ahead to the second quarter, given the possibility of a breakthrough in the Middle East situation, the logic of a Fed rate hike this year may be disproven. Coupled with the supply and demand situation of regional market differentiation but persistent overall deficits, silver prices are likely to continue their moderate rise.On May 9th, NIO posted on social media to refute rumors that it had been summoned for questioning, stating that they were pure fabrication.On May 9th, JiKrs legal department posted on social media that they have recently noticed a group of social media accounts maliciously spreading information such as "eight new energy vehicle companies were summoned for talks," and using AI software to fabricate false information that JiKr had been "summoned for talks," which has greatly damaged JiKrs brand reputation. JiKr has not received any such "summoning" information. Regarding these malicious attacks and defamation, we have collected and secured evidence and will protect our rights in accordance with the law.May 9th - According to the latest data released by Cui Dongshu, Secretary-General of the China Passenger Car Association, my countrys automobile exports reached 3.28 million units from January to April this year, a year-on-year increase of 52%, setting a new record in recent years. The total export value reached US$56.9 billion, a year-on-year increase of 54%, also a new record in recent years.On May 9th, World Health Organization (WHO) spokesperson Christian Lindmeier stated on May 8th that the WHO had initiated a response to the current Hantavirus outbreak in accordance with the International Health Regulations. In addition to the cruise ship affected by the outbreak, contact tracing is ongoing. Regarding public concern about the transmissibility of the Hantavirus, Lindmeier emphasized that the virus is not highly contagious and does not easily spread from person to person. Many people who have had close contact with infected individuals during this outbreak have tested negative for the virus, which sufficiently demonstrates that the risk of Hantavirus to the general population is very low.

The AUD/JPY exchange rate fluctuates below 90.00 as investors await BoJ action

Alina Haynes

Jan 18, 2023 15:03

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In the early Asian session, the AUD/JPY currency pair is bouncing violently in a narrow range below the resistance level of 90.00. Before the Bank of Japan introduces its first monetary policy of CY2023, the risk barometer indicates a sideways auction (BoJ). The AUD/JPY exchange rate reflects the consolidation of the AUD/USD, indicating an uncertain risk profile.

 

Investors anticipate that the Bank of Japan (BoJ) will not alter its policy stance on Friday, as doing so would increase financial market risk and hinder efforts to boost inflation. Previously, the Bank of Japan (BoJ) announced that the central bank will review the negative side effects of the decade-long ultra-loose monetary policy, generating the impression that the central bank is eager to abandon the easy policy.

 

The experts at Standard Charted expect the Bank of Japan to hold both the policy balance rate and the 10-year yield goal at their present levels of -0.1% and 0%, respectively. The recent decision to expand the 10-year JGB band to +/-50 bps (from +/-25 bps) will be evaluated by policymakers at the December meeting.

 

The replacement of current Governor of the Bank of Japan Haruhiko Kuroda will be widely followed. The next BoJ governor nominee is anticipated to be presented to the Japanese parliament on February 10, Reuters reported on Tuesday. Amamiya, Nakaso, and Yamaguchi are regarded as leading C.banking candidates.

 

Thursday is the expected publication date for Australian employment statistics, which investors are monitoring. The Unemployment Rate is expected to remain constant at 3.4%, according to the majority of economists. Aside from this, the Australian economy must have added 22,500 new jobs to the labor market in December, a down from the prior rises of 64K.