Banda Asia:CPIWeak retail sales data dollar/CAD refresh7Month high

Iranian Oil Minister Shagani expressed in Tehran last Saturday that he hopes the Organization of the Petroleum Exporting Countries (OPEC)(OPEC)Can reach a comprehensive agreement, while also hoping that Russia and other nonOPECOil producing countries will join and collaborate withOPECCooperation among member states. The energy ministers of Russia and Saudi Arabia held talks on the oil issue in Riyadh late last Sunday. Saudi Energy Minister Farih announced on Sunday that he will meet with Russian Energy Minister Novak and colleagues from Arab countries in the Persian Gulf in Riyadh to strengthen cooperation with AfricaOPECNational cooperation stabilizes the oil market. Russian Energy Minister Novak said in a speech last Friday that Moscow still hopes that global oil producing countries can cooperate to limit production and stabilize the weak oil market. He mentioned that,crude oilThe freeze production agreement is necessary to boost oil prices and has stated that recommendations will be made to the Saudi Minister of Energy. In addition, according to the Iranian Ministry of Oil News AgencyShanaQuoting President Rouhani's report, in order to seek stability in the oil market,OPECIt is necessary to cooperate with non member countries of the organization.


In addition, Bank of Japan Governor Toshiko Kuroda called on the government last Friday to take action to increase labor force participation and labor market productivity to boost long-term economic growth, and labor market reform is a key part of the government's policy agenda. He stated at a seminar that, together with the current loose monetary policy and structural reforms, including job market reforms, will contribute to the sustained development of the Japanese economy. Meanwhile, Hihiko Kuroda also stated that an increase in labor force employment participation and further growth in employment productivity are crucial for boosting Japan's long-term sustainable development. Haruhiko Kuroda also believes that given the tightening of Japan's labor market and the turning point in the norm of work patterns, it is estimated that foreign workers will flow into the Japanese market in the future.


The data that needs attention today is France10Monthly service industryPMIInitial value, Germany10Monthly service industryPMIInitial value, Eurozone10Monthly service industryPMIInitial value, UK10monthCBIThe difference between industrial orders and the United States9Monthly Chicago Federal Reserve National Activity Index. In addition, Federal Reserve official Brad's speech in the evening is also worth everyone's attention.

gold/dollar

Last Friday, gold fluctuated upwards, with a slight daily increase, and spot exchange prices trading at1265Nearby. In addition to concerns about the uncertainty of the US presidential election results, which has increased the market's risk aversion and provided some support for gold, the increase in physical demand for gold due to seasonal demand in Asia is also an important factor supporting the rise of gold prices. However, the rebound space of gold lies in the Federal Reserve12The expected increase in interest rates in the month and the suppression of hawkish remarks by Federal Reserve officials have been restricted. Follow Today1275Nearby pressure situation, supported below1255Near.

dollar/Cad

Last Friday USD/The Canadian dollar fluctuates upwards and recovers1.3300Pass and refresh7At a monthly high, the current exchange rate is trading at1.3350Nearby. Supported by rising expectations of interest rate hikes this year, the US dollar index has refreshed8In addition to providing strong support for the exchange rate from a high of two and a half months, Canada's announcement during the period9monthCPIand8The underperformance of monthly retail sales data is also an important factor supporting the rise in exchange rates. However, crude oil prices in Russia andOPECSupported by optimistic expectations of reaching an agreement, the upward trend of the exchange rate is limited. Follow Today1.3450Nearby pressure situation, supported below1.3250Near.

AUD/dollar

Last Friday, the Australian dollar fluctuated and fell, losing ground for a while0.7600Gateway, spot exchange rate trading at0.7610Nearby. With the support of rising expectations for interest rate hikes this year and hawkish comments from Federal Reserve officials, the US dollar index has refreshed8In addition to being the main reason for the pressure on the weakening of the exchange rate, the weakening of international copper prices under the pressure of the rising US dollar and concerns about reduced demand in China has also put some pressure on the exchange rate. Follow Today0.7700Nearby pressure situation, supported below0.7500Near.