EUR/USD 1.19968
-0.352%
Gold 5258.43
1.540%
Oil 62.624
0.316%
USD/JPY 152.615
0.290%
GBP/USD 1.38061
-0.303%
GBP/JPY 210.708
0.011%
Browse More
  • English
  • 简体中文
  • 繁體中文
  • Tiếng Việt
  • ไทย
  • Indonesia
Subscribe
Real-time News
On January 28th, according to futures market news: 1. WTI crude oil futures trading volume was 1,070,018 lots, an increase of 331,219 lots from the previous trading day. Open interest was 2,036,077 lots, an increase of 32,401 lots from the previous trading day. 2. Brent crude oil futures trading volume was 208,054 lots, an increase of 55,495 lots from the previous trading day. Open interest was 267,545 lots, an increase of 10,832 lots from the previous trading day. 3. Natural gas futures trading volume was 923,107 lots, a decrease of 177,024 lots from the previous trading day. Open interest was 1,626,209 lots, a decrease of 7,743 lots from the previous trading day.1. Nomura: Powell is not expected to give a clear signal on future rate cuts, and may reiterate that current policy is "in good shape," adding that current interest rates are "within a neutral and reasonable range." 2. Morgan Stanley: Powell is expected to rely on recent strong economic data, stable hiring, and declining unemployment to justify a pause in rate cuts. 3. Bank of America: Powell is expected to use cautious language, and investors will closely watch his assessment of the December unemployment rate decline and his view on whether strong economic growth is consistent with higher neutral interest rates. 4. Rabobank: Powell may be asked about forward guidance such as the timing and conditions of the next rate cut. He will likely use the default phrase of "meeting-by-meeting" and "data-dependent," but may further elaborate on the criteria for rate cuts. Powell may also be asked about his court subpoena, and he may be more hawkish than in previous press conferences. 5. Allianz: Market focus will be on the strength of Powells response to recent government challenges to the Feds independence, which may have a greater market impact than the interest rate decision itself. 6. First US Financial: Powell is likely to emphasize that last years cumulative rate cuts have given the Fed more room for maneuver, while closely monitoring the latest data and broader funding conditions. Further rate cuts are still possible later this year if inflation continues to moderate or economic growth slows more than expected.On January 28th, the Ministry of Industry and Information Technology (MIIT) released the 2025 Statistical Bulletin on the Communications Industry. By the end of 2025, my country had 4.838 million 5G base stations, accounting for 37.6% of all mobile phone base stations, with an average of 34.4 5G base stations per 10,000 people, exceeding the main development target of the 14th Five-Year Plan by 8.4. The construction of gigabit networks has been significantly advanced, with 31.62 million 10GPON ports capable of providing gigabit network services, reaching 2.6 times the main development target of the 14th Five-Year Plan. The pilot deployment of 5G-A and 10-gigabit networks has been accelerated, with 2.064 million 5G RedCap base stations. 5G-A coverage has reached over 330 cities, and the first batch of 168 residential communities, factories, and industrial parks have successfully completed their 10-gigabit optical network pilot deployments.U.S. natural gas futures fell 3.00% on the day, currently trading at $3.705 per million British thermal units.Standard Chartered Bank: A weaker dollar and a sharp rise in gold and silver prices supported copper prices.

The NZD/USD exchange rate is under pressure as investors anticipate crucial US developments

Alina Haynes

Dec 12, 2022 15:37

 NZD:USD.png

 

Beginning with a high of 0.6411 and a low of 0.6382, the NZD/USD exchange rate is down 0.25 percent, sliding from its previous high of 0.6411 to its previous low of 0.6382. To date, though, it has been the best-performing G10 currency month.

 

ANZ Bank analysts commented, "NZD seasonality is normally positive in December, but while it has that plus rising interest rates on its side, there are no guarantees that it will emerge undamaged from this week's several central bank meetings."

 

The Federal Open Market Committee is due to meet this week, and market participants anticipate a hawkish result. The US producer price index for November was somewhat higher than anticipated, bolstering the case for the Federal Reserve to raise interest rates in the future, albeit at a slower rate.

 

TD Securities analysts estimate that the FOMC will raise rates by 50 basis points at its meeting in December, putting the target range for the Fed funds rate to 4.25 percent to 4.50 percent. "By doing so, the Committee's inflation-adjusted monetary policy stance would move into the restrictive zone. In September, we think that the FOMC will indicate that they will have to shift to a higher-than-expected terminal rate.

 

ANZ Bank analysts stated, "Our key concern is what this may do to the USD, which has been under pressure as the "pivot" narrative has gained traction amid signs of ongoing US inflation."

 

"NZ variables will also play a role, with the HYEFU and GDP due this week," but they are likely to be overwhelmed (again!) by volatility and the global climate.

 

In other news, the US consumer inflation report on Tuesday will set the tone for markets prior to the Federal Reserve meeting. Economists forecast a fall in core inflation to 6.1% in November from 6.3% in October.

Suggestion