News and Information

  Many analysts say that silver is currently seriously undervalued, and that the current price of silver at $22/oz is simply "unforgivably low". They are bullish on silver prices in the medium term, expecting them to climb to $50 to $100/oz within the next two to five years. But there is an important question, which is when will we finally start to see this correction? Silver is languishing in 2023. Gold prices are up more than 4% this year, while silver prices are down more than 5%. Also...

  ATFX - Although tonight's "horror data" once again exceeded expectations, strategists say U.S. retail sales will decline as U.S. Treasury yields approach their 2008 highs... Macro strategist Simon White said the recent rise in long-term U.S. Treasury yields will push up mortgage rates, which, combined with already tightened consumer credit, will further squeeze consumption. In addition, longer-term consumer discretionary and retail...

  The US Consumer Price Index (CPI) data for July was released last week. Although the headline figure is up slightly from June, most mainstream analysts believe it indicates that the Federal Reserve has made more progress in fighting inflation. In fact, most mainstream pundits seem convinced that the Fed is on the verge of winning the battle and pushing the CPI back towards its 2% target. But Wall Street mogul Peter Schiff says they are wrong. Invest...

  Aggressive action has been taken to control U.S. inflation, but inflation remains above what policymakers are prepared to tolerate, and interest rates may still need to move higher to get the job done, Minneapolis Fed President Kashkari said Tuesday. "Right now inflation is coming down and we've made some good progress, but inflation is still too high," he said at a conference in Minneapolis. "I would like to see convincing evidence that inflation is steadily falling back to 2...

  The People's Bank of China authorized the China Foreign Exchange Trading Center to announce that on August 16, 2023, the central parity of the RMB exchange rate in the interbank foreign exchange market was 1 US dollar to 7.1986 yuan, 1 euro to 7.9205 yuan, 100 yen to 5.0053 yuan, 1 Hong Kong dollar to 0.92007 yuan, 1 pound to 9.2318 yuan, 1 Australian dollar to 4.6998 yuan, 1 New Zealand dollar to RMB...

  US consumer spending in July is likely to rebound from June, helped by summer sales and holiday travel. The monthly US retail sales rate for July, known as the "horror data", will be released at 20:30 Beijing time on Tuesday. Economists widely expect it to record 0.4%, up from 0.2% in June and the fourth consecutive month of growth, according to FactSet. BofA Securities US...

  ATFX - U.S. consumers' short-term and long-term inflation expectations fell in July, the New York Fed said, but there is no easy task for Fed officials as they move toward their 2 percent inflation target... U.S. consumers' short-term inflation expectations fell for the fourth straight month in July, reaching their lowest level since April 2021, according to a survey by the New York Fed. Not only that, but long-term expectations also fell in July, the New York Fed said. Consumers...

  ATFX official website -- Research firm says a key leading indicator is "flashing a red light", indicating that strong non-farm payroll growth could come to an end in the coming months! Bulls are sounding a warning.... A report released by Ned Davis Research last Friday indicates that the strong growth in U.S. labor market jobs over the past three years could come to an end in the coming months. The investment research firm claims a key leading indicator is "flashing a red light"...

  It may not be a coincidence that the boom in ultra-short options trading is reaching unprecedented heights amid recent intraday volatility in the stock market. About 1.86 million so-called zero-day expiration options (0DTEs, or doomsday options) changed hands last Thursday, according to data compiled by Nomura Securities International, accounting for 55% of the total S & P 500 index-linked options, a record...

  1 Recently, there have been thunderstorms in trust products. Since August, three listed companies have disclosed the risk warnings of overdue payment of trust products, among which the product trustees are all involved in Zhongrong International Trust Co., Ltd. Among them, there are 3 trust products overdue by Xianheng International, involving an amount of 63 million yuan, 2 trust products overdue by Jinbo shares, involving an amount of 60 million yuan, and 1 trust product overdue by Nandu Property, involving an amount of 30 million yuan....

  Investors are pulling money out of the largest ETF tracking U.S. Treasuries at the fastest pace since the outbreak of the epidemic. The $39 billion iShares 20-year-plus Treasury ETF (TLT) saw outflows of more than $1.80 billion last week, the highest level since March 2020, according to data compiled by the agency. The ETF fell 1.2% last week, after falling more than 3% in the previous week. Over the past month, Societe Generale's foreign exchange economy...

  The People's Bank of China authorized the China Foreign Exchange Trading Center to announce that on August 15, 2023, the central parity rate of the RMB exchange rate in the interbank foreign exchange market will be 7.1768 yuan for 1 US dollar, 7.9013 yuan for 1 euro, 4.9890 yuan for 100 yen, 0.91765 yuan for 1 Hong Kong dollar, 9.1909 yuan for 1 pound, 4.7081 yuan for 1 Australian dollar, and 4.7081 yuan for 1 New Zealand dollar.

  On Monday, after rising for five consecutive days last week, the dollar briefly broke through the previous high of 145.071 against the yen, setting a new high since November 2022, approaching the area where Japan intervened to support the yen last year, and then fell back. The persistently large interest rate gap between the United States and Japan has weighed on the yen, with the current 10-year US Treasury yield approaching 4.2%, while the Japanese government bond of the same maturity is only slightly higher than 0.6%. With last Friday's Japanese holiday...

  Will the market turmoil of 2019 return as the Federal Reserve continues to shrink its balance sheet at a time when the U.S. government is borrowing heavily? The Fed's balance sheet shrinkage is expected to reach $1 trillion this month, a major milestone in the Fed's reversal of loose monetary policy during the pandemic. However, investors warn that further shrinkage could trigger financial marekt. In the early days of the COVID-19 pandemic, the Fed purchased trillions of dollars of government bonds and mortgages...

  Wall Street is likely to view 2023 as a pivotal year and view the agency's move as a wake-up call. The Federal Reserve's fight against inflation has magnified the risk of a fiscal crisis, created by decades of dysfunction in Washington. Today, the asset most likely to provide shelter from this storm also happens to have unusual appeal right now. Cash is no longer trash? Historically, investors have bought into holding super-safe short...