EUR/USD 1.04665
-0.164%
Gold 2904.73
-0.392%
Oil 68.620
-0.109%
USD/JPY 149.211
0.087%
GBP/USD 1.26555
-0.170%
GBP/JPY 188.836
-0.060%
Browse More
  • English
  • 简体中文
  • 繁體中文
  • Tiếng Việt
  • ไทย
  • Indonesia
Subscribe
Real-time News
The Hong Kong Exchanges and Clearing Limited (00388.HK) has a net profit of HK$13.05 billion for the full year of 2024, which is estimated to be HK$12.95 billion; the full year revenue and other income is HK$22.37 billion, which is estimated to be HK$22.28 billion.On February 27, the Nigerian Upstream Petroleum Regulatory Commission (NUPRC) said yesterday that the countrys crude oil production has increased by more than 70% since 2021. The agencys CEO, Engr. Gbenga Komolafe, said that "production has increased from 1 million barrels per day in 2021 to around 1.75 million barrels per day at present." Nigerias oil and gas industry is the core of the economy, contributing 95% of foreign exchange earnings and 70% of government revenue. Komolafe also said that although Nigerias current daily production is 1.75 million barrels, the countrys technical potential is 2.24 million barrels per day. According to him, the commission is working to narrow the gap between actual production and potential. "The potential for increased production is huge, and NUPRC is committed to unlocking every opportunity," Komolafe said.Most of the interbank repo rates rose. FDR001 fell 1.0 basis points to 1.89%; FDR007 rose 5.0 basis points to 2.35%; FDR014 rose 10.0 basis points to 2.35%.Hong Kong-listed catering stocks continued to strengthen, with Nayukis Tea (02150.HK) up more than 40%, Xiabu Xiabu (00520.HK) up more than 16%, Helens (09869.HK) up nearly 10%, Jiu Mao Jiu (09922.HK) up 6.5%, and Haidilao (06862.HK) up more than 5%.Pentagon memo: U.S. service members with gender identity disorder will be removed from the military unless they receive a waiver.

The USDCAD attempts to build a position above 1.3350 as oil bids approach $85.00

Alina Haynes

Nov 17, 2022 11:51

 截屏2022-11-17 上午10.21.43.png

 

In Asia, the USDCAD pair's volatility has decreased to a range of 1.3314-1.3345 following a vertical rebound from a key support level near 1.3230. As a result of the severe pressure on oil prices, the asset is lingering near its weekly peak and seeking to add to its gains. Contrary to USDCAD bullish wagers, market optimism is regaining traction.

 

The S&P500 futures are recovering from Wednesday's losses. As Target Corporation (NYSE:TGT) issued a gloomy forecast for consumer spending, the S&P 500 index dropped. Following a minor recovery from 106.20, the performance of the US dollar index (DXY) is underwhelming. As clouds of uncertainty have cleared, the Russia-Poland-led upswing in the DXY could reach its conclusion.

 

In the interim, 10-year US Treasury rates have rebounded somewhat to roughly 3.71 percent, having dipping below 3.7% earlier. As the possibility of a fifth straight rate hike by the Federal Reserve (Fed) of 75 basis points (bps) is extremely low, the downturn appears less certain. According to CME FedWatch, there is a 17% chance of a 75 basis point rate hike.

 

The words of Esther George, president of the Federal Reserve Bank of Kansas City, have strengthened the case for a recession to temper inflationary pressures. A Fed official stated in an interview with the Wall Street Journal that it may be impossible to cut inflation without sparking a recession. In addition, he proposed for a decrease in the rate of rate increases commencing in CY2022.

 

In terms of the Canadian dollar, lower oil prices have led to currency volatility. As the number of sick patients continues to soar, China's relaxing of Covid-19 restrictions has failed to improve oil prices. In addition, clarity on the Russia-Poland disagreement has reduced the probability that the trading bloc will impose swift sanctions on Russia.

Suggestion