The European Union is investigating China’s subsidies for electric vehicles that impact by lowering the price of such vehicles in the EU. China hit back within hours, it will extend anti-subsidy duties on potato starch imports from the European Union for the next five years from Saturday. This tariff was first levied in 2011 and
Headlines: Markets: AUD leads, GBP lags on the day European equities slightly higher; S&P 500 futures up 0.4% US 10-year yields up 1.4 bps to 4.262% Gold up 0.1% to $1,907.80 WTI crude up 1.3% to $89.67 Bitcoin up 0.5% to $26,362 Major currencies didn’t do a whole lot today, as traders are waiting on
Share: The AUD/NZD is floating near the top of recent consolidation. Aussie traders will be hoping to catch a bid if China data recovers. The Kiwi has a thin showing on the calendar this week, leaving it exposed to broader market flows. The AUD/NZD is on the high side for the week, pinning
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China Producer Price Index (YoY) meets forecasts (-3%) in August لینک منبع : هوشمند نیوز
China Consumer Price Index (YoY) came in at 0.1%, below expectations (0.2%) in August لینک منبع : هوشمند نیوز
China’s consumer-price index and producer-price index from the National Bureau of Statistics. higher services prices (prices of air tickets, tourism and accommodation rose over the summer holiday season) dragged CPI up from its negative return in the previous month neverthelss CPI came in lower than the surveyed consensus of expectations from economists food prices fell
USD/CNY daily chart USD/CNY is now trading above 7.34 and that is the highest level for the pair in 15 years. The mounting pressure on the Chinese economy is continuing to weigh on the yuan currency and despite Beijing’s best efforts to try and stem the drop, it is tough to fight a tidal wave
Share: Further advance could see USD/CNH testing the 7.3500 zone in the short-term horizon according to Economist Lee Sue Ann and Markets Strategist Quek Ser Leang at UOB Group. Key Quotes 24-hour view: Yesterday, we held the view that USD “is likely to rise further even though it is unlikely to reach 7.3500.” We
Share: Gold Price pares recent losses at weekly low after five-day losing streak. XAU/USD bears the burden of strong US Dollar, China woes. Mostly upbeat United States data, Federal Reserve talks propel yields, US Dollar and weigh on the Gold Price. Risk catalysts, mid-tier US data and Fed signals eyed for fresh impulse
