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Futures Market Summary | Wednesday, August 19th, CCTV News Highlights: 1. Xi Jinping sends congratulatory message to Bauka on his inauguration as President of Hungary. 2. Building higher-level free trade zones to create new heights of reform and opening up. 3. Li Qiang meets with the President of Ecuador. 4. Zhao Leji meets with the President of Ecuador. 5. Promoting learning through practice to ensure effective implementation of education. 6. my country achieves its first land-based rocket recovery. 7. The Change-7 mission spacecraft and rocket assembly completes vertical transport. 8. Expanding and upgrading the service industry helps Chinese manufacturing enhance its global competitiveness. 9. Various regions strengthen field management to solidify the foundation for a bumper grain harvest. 10. my country will construct approximately 60,000 kilometers of high-quality self-driving tourism highways. 11. The number of movie screenings and audiences during the 2026 summer movie season will reach new highs, with the entire film industry chain exceeding 410 billion yuan in output value. 12. The Central Propaganda Department and the National Health Commission jointly release the advanced deeds of "Most Beautiful Doctors". 13. This year, my country will focus on promoting the construction and modernization of 122 large and medium-sized irrigation areas. 14. my country led the development of the worlds first international standard for intelligent manufacturing in the steel industry. 15. The 2026 World Robot Conference opened with over 3,000 exhibits on display. 16. The 33rd Beijing International Radio, Film and Television Exhibition was held in Beijing. 17. The 2026 "China in Childrens Voices" National Childrens Singing Competition was held in Liaoning. 18. CCTV released its 2026 list of innovative financial programs. 19. The 2026 CCTV Qixi Festival Gala will air tonight. 20. The US president stated he would not engage in any dialogue with Iran; Iran stated it would continue to close the Strait of Hormuz until the US meets its conditions. Market concerns about the impact of the Middle East situation on the US 30-year Treasury yield hit a 19-year high. 21. Israeli airstrikes on Syrian military bases; Syria condemns Israels aggression. 22. The number of confirmed Ebola cases in the Democratic Republic of Congo exceeds 5,000. 23. A series of explosions have occurred at energy and industrial facilities in the United States.On August 19th, Suren Thiru, chief economist at the Institute of Chartered Accountants in the UK (ICAEW), stated that the UKs inflation rate rebounded to 2.9% in July, reigniting the possibility of further interest rate hikes by the Bank of England. "The July increase is unlikely to be a one-off event. Drought has led to higher food prices and soaring energy costs, increasing the likelihood of inflation exceeding 3.5% later this year, especially given the ongoing disruptions to traffic in the Strait of Hormuz," he noted. He pointed out that the decline in services inflation is unlikely to reassure Bank of England policymakers, as it appears to reflect a temporary reduction in VAT on tourist attractions and childrens meals, rather than a cooling of underlying price pressures. While these figures are unlikely to trigger an interest rate hike in September, they increase the likelihood of further monetary tightening before the end of 2026.August 19th - Tesla has released a large-scale model of a steamed bun. It is reported that the Tesla infotainment system is now gradually rolling out this feature.On August 19, 2026, Pan Gongsheng, Governor of the Peoples Bank of China, met with a delegation from the Macau Banking Association led by Wong Sin Man, Chairman of the Administrative Committee of the Monetary Authority of Macau. The two sides exchanged views on the current macroeconomic and financial situation, deepening cooperation on financial market connectivity between the two places, and supporting Macaus economic prosperity and development.According to customer service hotlines and Reuters, Moscow gas stations have imposed restrictions on gasoline sales.

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.

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