Global Market Report - 09 Jun 2022

Gold Spot

Gold inched up in choppy trade on Wednesday as concerns over economic growth boosted the metal’s safe-haven appeal ahead of U.S. inflation data that could guide the Federal Reserve’s rate hike timeline. Although seen as an inflation hedge, gold is sensitive to interest rate hikes which increase the opportunity cost of holding non-yielding bullion. Gold was also benefiting from some safe-haven flows driven by increased economic growth concerns amid deteriorating risk appetite, said Edward Moya, senior analyst with OANDA.

Technical Resistance: 1862/1878

Technical support: 1840/1830

Market headlines:

Economic data:                

  • 2022 Malaysia time 8:30 Pm – U.S. Initial Jobless Claims

Wall Street falls with U.S. Treasury yields above 3%

U.S. stocks fell on Wednesday as Treasury yields rose above the psychologically important 3% level and oil prices jumped, fanning worries about inflation and the outlook for interest rates. The S&P 500 ended down more than 1% in the broad sell-off, snapping a two-day winning streak. Investors are also cautious ahead of U.S. consumer price data on Friday morning. The report is expected to show that inflation remained elevated in May, though core consumer prices - which exclude the volatile food and energy sectors - likely ticked down on an annual basis.

Dollar gains as U.S. stocks fall, ECB decision on tap

The dollar index gained on Wednesday, reversing earlier declines as U.S. equities fell and boosted the appeal of the safe haven, while the euro strengthened ahead of a European Central Bank policy announcement. The greenback reached a fresh two-decade high against the yen, which weakened to hit 134.47 per dollar, its softest since Feb. 27, 2002, and the euro achieved its highest level against the safe-haven yen since Jan. 5, 2015.

India's RBI hikes rates as inflation pressures build; drops 'accommodative' from stance

The Reserve Bank of India's key interest rate was raised by 50 basis points on Wednesday as widely expected, the second hike in as many months, in a bid to cool persistently high inflation in Asia's third-largest economy. The central bank also dropped its long-standing phrase that future policy would remain 'accommodative', reinforcing expectations of further rate hikes and other forms of tightening in coming months as fighting inflation becomes its main focus.

Source: Bloomberg, Investing.com, Reuters

黄金现货

周三黄金在震荡交易中小幅上涨,因在美国通胀数据可能指导美联储加息时间表之前,对经济增长的担忧提振了黄金的避险吸引力。 尽管被视为通胀对冲工具,但黄金对加息敏感,这会增加持有无收益金条的机会成本。 OANDA 高级分析师 Edward Moya 表示,在风险偏好恶化的情况下,由于经济增长担忧加剧,黄金也受益于一些避险资金流动。

技术阻力:1862/1878

技术支持 :1840/1830

主要头条:

• 美国国债收益率超过3%,华尔街下跌

• 随着美国股市下跌,美元上涨,欧洲央行即将做出决定

• 随着通胀压力的增加,印度央行加息; 从立场中删除“宽松”

• 美元兑马币交易 4.3980

经济数据:

  • 2022年6月9日,马来西亚时间 7:45 pm –欧洲央行利率决议 (六月)
  • 2022年6月9日,马来西亚时间 8:30 pm – 美国初请失业金人数
  • 2022年6月9日,马来西亚时间 8:30 pm –欧洲央行新闻发布会

美国国债收益率超过3%,华尔街下跌

美国股市周三下跌,因美国国债收益率升至心理上重要的 3% 水平上方,且油价上涨,引发对通胀和利率前景的担忧。 标准普尔 500 指数在广泛的抛售中下跌超过 1%,结束了连续两天的上涨。 在周五上午的美国消费者价格数据公布之前,投资者也持谨慎态度。 预计该报告将显示 5 月份的通货膨胀率仍然居高不下,尽管核心消费者价格(不包括波动的食品和能源部门)可能会逐年下降。

随着美国股市下跌,美元上涨,欧洲央行即将做出决定

美元指数周三上涨,扭转了早前因美国股市下跌而下跌的跌势,提振了避险资产的吸引力,而欧元在欧洲央行宣布政策之前走强。 美元兑日元触及两年新高,兑美元走弱至 134.47,为 2002 年 2 月 27 日以来的最低水平,欧元兑避险日元汇率创下 2015 年 1 月 5 日以来的最高水平。

随着通胀压力的增加,印度央行加息; 从立场中删除“宽松”

印度储备银行的主要利率在周三上调了 50 个基点,这是多月来的第二次加息,以缓解亚洲第三大经济体持续高企的通胀。 央行还放弃了长期以来的说法,即未来政策将保持“宽松”,增强了对未来几个月进一步加息和其他形式紧缩政策的预期,因为对抗通胀成为其主要重点。资料来源: Bloomberg, Investing.com, Reuters

Leave a Reply

Your email address will not be published.

envelopephonemap-marker linkedin facebook pinterest youtube rss twitter instagram facebook-blank rss-blank linkedin-blank pinterest youtube twitter instagram