forex cross rate

Bank of England Chief Economist Peel: There is no evidence of a second-round effect in profit rates or wage settings.

Russia's central bank's gold and foreign exchange reserves totaled $721.6 billion for the week ending October 30, compared with $729.6 billion in the previous week.

Bank of England Chief Economist Peel: Emphasis on wage negotiations, costs, and pricing.

1. US stocks experienced a sharp intraday decline on November 5th, with the AI ​​industry chain becoming a major target of the sell-off. The Philadelphia Semiconductor Index has retreated by approximately 35%-38% from its recent high, marking the third largest correction in the past three years. 2. The market is facing the dual pressures of forced selling and a liquidity crunch. Some funds have been forced to reduce leverage and sell stocks. Overall market trading volume is 57% higher than the year-to-date average, but the amount of tradable funds near the best bid has decreased by 65%. ETF trading volume has risen to 34%, the highest since April. The concentrated selling of indices and ETFs, coupled with insufficient buying power, is amplifying the stock price decline. 3. Technology stock price declines exceed the actual selling intensity. Goldman Sachs' trading desk (Goldman Sachs' internal department serving large investors and processing trades) has been a net seller of information technology stocks for six consecutive trading days, with a net sale of $1.4 billion on this day; since the start of this round of technology stock correction, the cumulative net sale has reached $27 billion, exceeding the $21 billion during the July correction. However, the overall selling bias on that day was only 8%, significantly inconsistent with the magnitude of the technology stock plunge, indicating that market prices are being further impacted by insufficient liquidity and concentrated selling.

Bank of England Chief Economist Peel: The risks are likely two-way, and the Bank of England has not predetermined its policy.

Bank of England Chief Economist Peel: AI-driven growth is “somewhat encouraging.”