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Gold Spot

Gold prices inched higher, helped by a fall in U.S. bond yields, with investors holding back from making large bets ahead of U.S. inflation data and the European Central Bank policy meeting this week. The benchmark 10-year Treasury yields fell to their lowest in more than a month, reducing the opportunity cost of holding non-interest bearing gold.

Technical Resistance: 1904/1914

Technical support: 1884/1875

Market headlines:

  • Biden supply chain ‘strike force’ to target China on trade
  • FX volatility falls to pre-pandemic lows as traders wait it out
  • Hong Kong to test linking China’s digital yuan with domestic payments
  • USDMYR traded at 4.1193

Economic data:

  • 9 June 2021 Malaysia time 09:30am – China CPI (MoM)(YoY)(May)

 

Biden supply chain ‘strike force’ to target China on trade

The United States will target China with a new “strike force” to combat unfair trade practices, as it rolled out findings of a review of access to critical products, from semiconductors to electric-vehicle batteries. The “supply chain trade strike force,” led by the U.S. trade representative, is looking for specific violations that contributed to a hollowing out of supply chains that could be addressed with tariffs or other remedies, including toward China.

FX volatility falls to pre-pandemic lows as traders wait it out

Currency market volatility on Tuesday fell to its lowest since before the COVID-19 pandemic roiled markets in March 2020, as investors sat on the sidelines waiting for clearer signals on the inflation trajectory and how central banks will respond. With an impending European Central Bank meeting on Thursday and U.S. inflation data due the same day, and a U.S. Federal Reserve meeting next week, currencies appear to be treading water. While volatility levels are nowhere close to record lows, the doldrums are widespread – all major pairs are below their average volume.

Hong Kong to test linking China’s digital yuan with domestic payments

Hong Kong is to test connecting China’s digital yuan with its domestic payments network, officials said on Tuesday, the second stage of trials of China’s digital currency in the financial hub. Countries around the world are looking at developing central bank digital currency (CBDCs) to modernise their financial systems, ward off the threat from cryptocurrencies and speed up domestic and international payments. This latest trial will explore how Hong Kong residents can top up an e-CNY digital wallet using the city’s faster payment system, currently used to make domestic payments via mobile phones.

 

Source: Bloomberg, Investing.com, Reuters, CNBC

 

 

黄金现货

黄金价格小幅走高,受助于美国债券收益率下跌,投资者等待有关通胀轨迹和央行将如何应对的更明确信号。基准 10 年期美国国债收益率跌至一个多月以来的最低点,降低了持有无息黄金的成本。

技术阻力:1904/1914

技术支持 :1884/1875

主要头条:

  • 拜登“打击力量”瞄准中共国贸易供应链
  • 外汇波动率下降至大流行前的低点
  • 香港将测试将中国的数字人民币与国内支付联系起来
  • 美元兑马币交易 RM 4.1193

 

经济数据:

  • 2021年6月 9日,马来西亚时间 09:30 am – 中国居民消费价格指数(MoM)(YoY)(5月)

拜登“打击力量”瞄准中共国贸易供应链

拜登政府周二表示,美国将以新的“打击力量”瞄准中共国,以打击不公平的贸易行为,同时公布了对美国获取关键产品(从半导体到电子产品)的审查结果 —汽车电池。高级政府官员告诉记者,由美国贸易代表领导的“供应链贸易打击部队”正在寻找导致供应链“空心化”的具体违规行为,这些违规行为可以通过贸易救济措施解决,包括针对中共国的问题。 .

外汇波动率下降至大流行前的低点

周二货币市场波动率降至 2020 年 3 月 COVID-19 大流行席卷市场之前的最低点,因为投资者等待有关通胀轨迹和央行将如何应对的更明确信号。由于欧洲央行将于周四召开会议,美国通胀数据将于同一天公布,美联储将于下周召开会议,货币似乎在下滑。虽然波动性水平远未接近历史低点,但普遍低迷——所有主要货币对都低于其平均成交量。

香港将测试将中国的数字人民币与国内支付联系起来

香港将测试中国的数字人民币与其国内支付网络的连接,这是中国数字货币在金融中心的第二阶段试验。世界各国都在考虑开发中央银行数字货币 (CBDC),以实现其金融系统的现代化,抵御加密货币的威胁并加快国内和国际支付。这项最新试验将探讨香港居民如何使用该市更快的支付系统为电子人民币电子钱包充值,该系统目前用于通过手机进行国内支付。

资料来源: Bloomberg, Investing.com, Reuters, CNBC