韩国贸易部长：与美国的贸易谈判需要更多时间。 ...

澳新银行：韩国央行倾向于进一步放宽政策 金十数据7月10日讯，澳新银行经济学家Krystal Tan在一份报告中写道，尽管本月维持利率不变，但韩 国央行倾向于进一步放松政策。Tan指出，韩国央行六位委员会成员中有四位为未来三个月进一步降息 敞开了大门。她预计，韩国央行最早将于8月降息25个基点，美韩贸易谈判进展以及首尔房地产市场的 过热程度，是央行制定政策时关注的关键因素。她指出，如果美方大幅提高对韩商品的关税，可能会促 使韩国央行加快降息；而若首尔楼市进一步升温，则可能推迟降息时机。 ...

Group 1 - In June, China's manufacturing, non-manufacturing, and composite PMI rose to 49.7%, 50.5%, and 50.7% respectively, indicating a recovery in market sentiment [1] - Domestic consumption policies have strengthened, with the Central Financial Committee emphasizing the need to address low-price disorderly competition among enterprises, which is expected to boost domestic risk appetite in the short term [1] - The US ISM manufacturing PMI increased to 49, while the ISM non-manufacturing index reached 50.8, both slightly above expectations, indicating a positive trend in the US economy [1] Group 2 - The US non-farm payrolls increased by 147,000 in June, significantly exceeding expectations, and the unemployment rate fell to 4.1% [1] - Initial jobless claims in the US dropped to 233,000, marking a six-week low, which has led to a reduction in the likelihood of a rate cut by the Federal Reserve in July [1] - The Federal Reserve officials have signaled the possibility of an earlier rate cut, while trade agreements between the US and Vietnam, as well as progress with the EU, suggest positive developments in trade negotiations [1] Group 3 - A-shares are expected to cautiously trend upwards, with a focus on domestic incremental stimulus policies and trade negotiation progress [1] - The bond market is experiencing reduced external risks and lower inflation expectations, leading to a strong short-term performance in bond prices [1] - The commodity market is showing overall fluctuations, with oil prices rebounding slightly, while the non-ferrous metals sector continues to show strong performance [1]

Group 1: XAU/USD Gold - The market experienced a V-shaped reversal with a daily range of 341 points, closing with a small bullish candle and a long lower shadow [1] - Current price action is at the top of a descending channel, with resistance at 3330; a breakout could lead to targets of 3345/3363 [1] - ETO Markets suggests monitoring for breakout signals at the channel top due to market volatility from trade negotiation uncertainties and cautious Federal Reserve policies [1] Group 2: EUR/USD - The EUR/USD pair fluctuated around 1.171 with a daily range of 40 points, closing with a small bullish candle [6] - Positive progress in EU-US trade negotiations is noted, with a target to reach an agreement before August [6] - ETO Markets highlights the need to pay attention to European policy changes and Federal Reserve officials' comments that may impact the market [6] Group 3: GBP/USD - The GBP/USD pair traded around 1.359 with a daily range of 55 points, closing with a small bullish candle [10] - The UK Office for Budget Responsibility warned of insufficient fiscal flexibility, leading to a sell-off in long-term UK bonds [10] - ETO Markets emphasizes the importance of monitoring UK government policies for their potential market impact [10] Group 4: GBP/JPY - The GBP/JPY pair reached a high of 199.8 before retreating, with a daily range of 123 points and closing with a long upper shadow [14] - The market is advised to focus on short positions due to resistance at the 38.2%/50% Fibonacci levels [14] - ETO Markets suggests selling on rallies as the primary strategy [14]

消息人士：欧盟在与美国的贸易谈判中讨论汽车进口配额和出口信贷。 ...

美联储应该在7月份降息。 白宫贸易顾问纳瓦罗：市场明白贸易信函是谈判。 ...

白宫贸易顾问纳瓦罗：市场理解贸易信函是谈判的一部分。 ...

Group 1 - The Bank Negara Malaysia announced a 25 basis points cut in the overnight policy rate (OPR) from 3% to 2.75%, marking the first rate adjustment in two years and the first rate cut in five years [1] - The central bank highlighted that global economic growth continues, supported by consumer spending and some degree of consumer credit, despite uncertainties from global tariffs and geopolitical tensions [1][3] - The Malaysian economy is expected to grow in the second quarter, driven by domestic demand and export growth, with supportive employment and wage growth in domestic-oriented sectors [3] Group 2 - Inflation rates in Malaysia for the first five months of the year averaged 1.4% for overall inflation and 1.9% for core inflation, with expectations for moderate inflation through 2025 [3] - The Malaysian Ringgit's performance will be primarily driven by external factors, with the central bank indicating that while the domestic economic foundation is strong, external uncertainties may impact growth prospects [4] - The Malaysian stock market saw a slight increase of 0.06% on a recent Wednesday, but has declined by 6.89% year-to-date, while the Ringgit has appreciated nearly 5% against the US dollar since the beginning of the year [4]

Group 1 - Gold prices are currently experiencing narrow fluctuations, trading around $3302 per ounce, following a decline of over 1% on Tuesday, where it hit a low of $3287.06 per ounce, marking a one-week low [1] - The decline in gold prices is attributed to a combination of factors including optimistic trade negotiations, a strengthening dollar, rising U.S. Treasury yields, and the complexities of Trump's tariff policies [1][4] - The market is closely watching the upcoming Federal Reserve meeting minutes, which could influence future gold price movements [1] Group 2 - Recent optimistic signals from U.S. trade negotiations with major partners have reduced the demand for gold as a safe-haven asset [3] - President Trump warned of tariffs on 14 countries but postponed the effective date to August 1, allowing for further negotiations, which has led to market expectations for more lenient trade policies [3] - Japan and South Korea are actively seeking to mitigate the impact of tariffs through negotiations, with Japan focusing on concessions in the automotive sector while protecting agricultural interests [3] Group 3 - The global financial market's reaction to Trump's tariff policies has been cautious, with mixed performances in major indices, indicating investor hesitation amid trade negotiations [4] - Short-term pressures on gold prices are expected to continue due to optimistic trade sentiments, a strong dollar, and rising Treasury yields, while long-term uncertainties and inflation pressures may support gold [4] - Investors are advised to monitor developments in trade negotiations, monetary policy, and macroeconomic data to identify potential opportunities in gold prices [4]

Fundamental Analysis - Gold prices have been under pressure, with spot gold trading around $3,292 after a drop of over 1% on Tuesday, reaching a low of $3,287.06 [1] - The decline in gold prices is attributed to optimistic trade negotiations, a stronger dollar, rising U.S. Treasury yields, and the complexities of Trump's tariff policies [1][3] - The market's expectation of easing trade tensions has reduced the demand for gold as a safe-haven asset, contributing to the price drop [1] - Trump's warning of tariffs on 14 countries, followed by a delay in implementation, has created a buffer for negotiations, leading to a more favorable market sentiment [1] - Japan and South Korea are actively negotiating to mitigate the impact of tariffs, which has further fueled risk appetite and pressured gold prices [1] Economic Indicators - The rise in the dollar is closely linked to expectations regarding the U.S. economy and monetary policy, with recent strong employment reports reducing bets on immediate rate cuts by the Federal Reserve [3] - The 10-year U.S. Treasury yield reached a two-week high of 4.435%, while the 30-year yield hit 4.974%, increasing the opportunity cost of holding non-yielding assets like gold [3] - Trump's tariff policies are seen as a core variable in the financial markets, with the actual tariff rate estimated to have risen to 17.6%, the highest since 1934 [3] Market Outlook - In the short term, gold prices are expected to remain volatile due to the ongoing impact of Trump's tariffs and the expansion of the U.S. fiscal deficit [4] - The market is advised to monitor the Federal Reserve's meeting minutes and developments regarding Trump's tariffs for further insights [4] Technical Analysis - The daily chart indicates a struggle for direction in gold prices, with a trading range between $3,290 and $3,350 [6] - Short-term movements have shown volatility, with prices testing lower levels around $3,286 before a slight rebound [6] Trading Strategy - Suggested long positions near $3,290 with a stop loss at $3,284 and a target around $3,320 to $3,345 [7] - Suggested short positions near $3,345 with a stop loss at $3,353 and a target around $3,323 to $3,303 [7]