Abstract: In the early morning of Wednesday, Beijing time, the gold market in the foreign exchange market fluctuated, and the market walked over the roller coaster under the support of the news of the two days of ice and fire. The two events were fermented: the leader of the Democratic Party of the Senate raised strong doubts about the tax reform. At the same time, the media revealed that the three Republicans of the Republican Party would vote against the tax reform, and the US dollar once dive. Since then, the media has revealed that Taylor may be elected as the chairman of the Fed, and the dollar will quickly regain lost ground.
In the early morning of Wednesday, Beijing time, the gold market in the foreign exchange market fluctuated, and the market walked over the roller coaster under the support of the news of the two days of ice and fire. The two events were fermented: the leader of the Democratic Party of the Senate raised strong doubts about the tax reform. At the same time, the media revealed that the three Republicans of the Republican Party would vote against the tax reform, and the US dollar once dive. Since then, the media has revealed that Taylor may be elected as the chairman of the Fed, and the dollar will quickly regain lost ground.
On Tuesday (October 24th), the second half of the New York session staged a good show. US Senate Democratic leader Schumer slammed Trump’s tax reform plan, thinking that the version was designed for the rich and did not help reduce the deficit. . At the same time, Senate Republican leader McConnell said that three Republican senators will vote against the tax reform. Among them are the key figures that failed to pass Trump's medical reform, Republican Grand Slam McCain. The other is Corker, who had previously fought against Trump on Twitter. The Trump tax reform has just ushered in a major breakthrough, but several big crickets have stood on the opposition side, making the tax reform prospects suddenly cast a shadow. The US dollar index once plunged rapidly, from rising to falling, also reflecting the significant influence of the tax reform, and the market's sensitivity is extremely high.
But then, US Senator Scott cast a blockbuster. He said that Stanford University economist Taylor seems to have won a hypothetical vote in the Senate Republican on the Fed chairman. President Trump mentioned Stanford University economist Taylor, Fed Governor Powell and Federal Reserve Chairman Yellen, all of whom were candidates.
On Wednesday (October 25), the Bank of Canada’s interest rate decision hit. Previously, the Governor of the Bank of Canada had said that the Bank of Canada did not have a default interest rate path, and interest rate hikes were mainly based on economic performance. According to analysis, the Bank of Canada has raised interest rates twice this year, and the performance of the economy after raising interest rates remains to be seen. The North American Free Trade Agreement negotiations still have variables that will have a profound impact on the Canadian economy in the future. Therefore, in this context, the Bank of Canada is expected to be biased.
However, BNP Paribas said that the Bank of Canada's interest rate hike in September was unexpected, but the subsequent comments expressed concern about the impact of the appreciation of the Canadian dollar, which made the market-priced central bank's probability of raising interest rates in October to fall slightly. Less than 25%. If the Bank of Canada really raises interest rates for the third time, we expect the USD/CAD to fall sharply to 1.23. However, given that the Fed's pricing is currently increasing, we expect the USD/CAD to stabilize and rebound, and the market may continue to price the Fed and the Bank of Canada will adopt similar tightening measures in the next 18 months.
In addition, with the Bank of England's November meeting approaching, the Bank of England's 10-year or first rate hike is also heated by the market. The initial value of the UK's third-quarter GDP rate, which will be released on Wednesday, is expected to be a major factor affecting the Bank of England's interest rate hike and deserves close attention.
Wednesday Preview:
Time country indicator name before value forecast 08:30 Australia third quarter CPI annual rate (%) 1.9 2.0 16:00 Switzerland October ZEW investor confidence index 28.0 16:00 Germany October IFO business climate index 115.2 115.1 16:30 United Kingdom Number of mortgage loans purchased by BBA houses in September (10,000 pieces) 4.18 4.18 16:30 Initial rate of GDP in the third quarter of the UK (%) 1.5 1.5 20:30 US September durable goods orders initial rate (%) 2.0 1.0 21 :00 US August FHFA house price index monthly rate (%) 0.2 0.4 22:00 US September seasonally adjusted new home sales annualized total (10,000 households) 56.0 55.4 22:00 Canada October central bank benchmark interest rate (%) 1.0 1.0 22: 30 US EIA crude oil inventories changed for the week ended October 20 (10,000 barrels) -573.1 -244.69 22:00 The Bank of Canada announced its interest rate decision and issued a monetary policy statement.
23:15 Bank of Canada Governor Stephen Poloz attended the press conference.
Review on Tuesday:
1 US Republican Senator Scott: Stanford University economist Taylor seems to win in the senator's show of hands;
2 US Senator Democratic Party leader Schumer: No one believes that the Republican tax plan will reduce the deficit;
3 White House Spokesperson Sanders: President Trump takes the decision of the Fed chairman very seriously;
4 Saudi Energy Minister Falih: OPEC will do everything in its power to reduce oil inventories;
5 Saudi oil captain Falih: We remain flexible and open to the OPEC-led production reduction agreement;
6 Qatar Energy Minister: The current oil market is moving in the right direction;
7Russian Energy Minister Novak: The implementation rate of the global production reduction agreement in the first nine months is around 102%;
8 US October Markit comprehensive PMI initial value of 55.70, the highest since January this year;
[List of major global markets]
stock market
The latest price of the name is up and down. The Shanghai Stock Exchange Index 3388.25 7.55 0.22% Shenzhen Stock Index 11339.13 32.82 0.29% Nikkei 225 21805.17 108.52 0.5% Nasdaq Index 6598.43 11.60 0.18% Daoqiong Industry 23441.76 167.80 0.72% FTSE 7526.54 2.09 0.03 % å¾·DAX 13013.19 10.05 0.08% French CAC40 5394.80 7.99 0.15% The three major US stock indexes rose on Tuesday, and the Dow hit a new high. Caterpillar and 3M earnings are improving, pushing up market risk appetite. The Dow closed up 0.72% at 23441.76. The Nasdaq closed up 0.18% at 6,598.43. The S&P closed up 0.16% at 2,591.13. Caterpillar rose 4.98%, 3M rose 5.91%, both set a new record high. China's concept stocks rose mostly, Alibaba closed up 0.33%, Baidu closed down 0.8%, Jingdong closed up 0.23%, Thunder closed up 11.78%, NetQin closed up 10.06%, SouFun closed up 7.33%, and fun stores closed up 7 %, rebounded after falling for two days. Reith's subject English closed down 5.75% to $14.27, and fell below the issue price of $14.50 on the third day of listing.
commodity
The name of the latest price rises and falls, the spot gold 1276.63 -5.64 -0.44% spot palladium 966.93 7.72 0.80% spot silver 16.95 -0.14 -0.8% spot platinum 923.43 -1.67 -0.18% Hong Kong gold 11824.00 -51.00 US crude oil continuous 52.53 0.67 1.29 % Gold prices fell on Tuesday, as gold prices fluctuated because of differences in tax reforms between the US and the two parties, as well as rumors of hawkish candidate Taylor or ultimately elected Fed chairman. In addition, the stock market is strong and the geopolitical situation has calmed down, hitting demand for safe havens. In addition, the US third quarter GDP data will be released on Friday, before the gold price bulls or tend to wait and see.
In terms of crude oil, both the US and the United States both rose, after Saudi Arabia, the major oil exporter, said it was determined to end the oversupply of crude oil. Oil prices were also boosted by expectations of further declines in US crude oil inventories and uneasy feelings about tensions in the Kurdish region of Iraq. According to API data, US crude oil inventories rose slightly by 519,000 barrels last week, while gasoline inventories fell sharply by 5.75 million barrels. After the data was released, the US oil was refreshed and it was stable at a high level.
Foreign exchange
The name of the latest price rises and falls, the dollar index 93.95 0.10 0.11% euro dollar 1.1762 0.0013 0.11% pound dollar 1.3133 -0.0065 -0.49% dollar yen 113.90 0.47 0.41% Australian dollar 0.7776 -0.0031 -0.4% Tuesday dollar against a basket of currencies to maintain Strong, due to reports that some Republican senators supported Stanford University economist Taylor as the chairman of the Federal Reserve, offsetting the impact of news that the tax reform plan may be blocked. The market believes that Taylor may lead the Fed to a faster rate hike, and he favors the determination of interest rates based on the "Taylor Rule." The optimism about tax reforms has cooled, after CNBC quoted an assistant to Senate Republican leader McConnell as saying that three Republican senators may not support the Republican tax reform bill.
Products name:Cheap and beautiful wholesale indoor slipper
Out sole:EVA & TPR.
Size: 29cm as normal,size customized.
Upper materrial: fleece.
Logo:offset printig logo, embroidery, hot-trans-printing.
Use:house.Delivery Detail: 30days.
More:
1. New designed promotional gift slipperIndoor Slippers,Indoor Slipper Boots,Washable Indoor Slipper,Indoor Slipper For Winter
Yangzhou Lansun Slipper Co.,Ltd , https://www.lansunslippers.com