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Flash
- 07:58Market Analysis: The depreciation of the dollar may reduce the inflation rate of US trade partnersAnalyst Thu Lan Nguyen from Deutsche Bank stated that due to Trump's tariff policy, the depreciation of the dollar could potentially lower inflation rates for U.S. trade partners. She said: "If this situation continues, most central banks will not be caught in a dilemma: balancing economic and inflation risks." This would allow further interest rate cuts, thereby reducing the upward pressure on non-dollar currencies against the dollar. She stated that as it stands now, it seems highly unlikely that the impact of tariffs can be reversed.
- 07:52Market Analysis: Gold price may break through $3300/ounce in the next few daysJoseph Chai, an analyst at RHB Retail Research, said that the strong upward momentum of gold futures on the New York Commodity Exchange is still in effect from a daily chart perspective. The analyst pointed out that the price of gold closed above the resistance level of $3200 per ounce on Friday, confirming the continued bullish pressure on gold futures. Chai said that the relative strength index has already exceeded the 50% threshold, indicating that bullish momentum is accelerating. In addition, he stated that the bullish structure appears intact as gold futures continue to stay above their 20-day and 50-day simple moving averages. Chai added that under this positive momentum, prices may rise to $3300 per ounce in future trading days.
- 07:49Concerns about the US dollar are intensifying, and the demand for hedging against the depreciation of the US dollar has surged to a 5-year highDue to the potential weakening of American economic exceptionalism and the dollar by Trump's tariff policy, demand for hedging against potential depreciation of the dollar has surged to a five-year high. Institutional data shows that the three-month risk reversal index measuring the dollar against 12 major currencies (i.e., the spread between call and put options) has dropped to its lowest level since March 2020 when the global pandemic was at its worst. This indicator fell below zero for the first time in five years last Friday, indicating that demand for put options benefiting from a weaker dollar is greater than demand for call options benefiting from a stronger dollar. "The market's aversion to holding dollars still dominates," said Chris Weston, research director at Pepperstone Group Ltd. in Melbourne. "The questions people are raising about the dollar are not an overnight issue but potentially significant structural changes."