The ScopeGlobal Macro
2026-05-08 21:58 (CN)
THEME TIMELINE
Economic & Monetary Policy
Japan may have spent approximately $34.5 billion on foreign exchange intervention to support the yen. (Yahoo News - World) Key events: Japan may spend $34.5 billion to intervene in yen exchange rate (Yahoo News - World)
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SOURCE COVERAGE

Source Coverage

Latest Update: 2026-05-03
Sources
42
Mainland
3
HK/Macau/Taiwan
0
Overseas
39
Official
6
Non-official
36
Aggregators
2
Original-reporting Preferred
40
Chinese
3
English
26
Reference Links
200
Countries / Regions: Australia / Brazil / Canada / China / EU / France / Germany / India / International / Iran / Israel / Japan / Qatar / Russia / South Korea / Turkey / UK / USA / Ukraine
Sample Sources
China News Service · Mainland / OfficialTF1 Info Politique · Overseas / MediaYonhap News TV · Overseas / MediaTimes of India [timesofindia.indiatimes.com] · Overseas / MediaThe Hindu · Overseas / MediaAl Jazeera Middle East · Overseas / MediaGoogle News - World · Overseas / AggregatorFrance 24 #2 · Overseas / MediaIRNA · Overseas / MediaThe New Indian Express · Overseas / MediaYahoo News - World · Overseas / AggregatorDer Spiegel International · Overseas / Media
COVERAGE GAPS

Coverage Gaps

Rule-based observations derived from source mix only.
Coverage leans overseas
WARN
In this window, overseas sources = 39, mainland sources = 3.
English coverage exceeds Chinese
WARN
In this window, English-language sources = 26, Chinese-language sources = 3.
RESEARCH PROJECTION

Research Projection

Linked products: AU Gold / SC Crude Oil
Tracking status: active 12 / review due 12
Lifecycle review: continued · reporting remains dense
Latest checkpoints
2026-05-03
2026-05-03
Open report
Updates
  • Japan may have spent approximately $34.5 billion on foreign exchange intervention to support the yen. (Yahoo News - World)
Key Events
  • Japan may spend $34.5 billion to intervene in yen exchange rate (Yahoo News - World)
Linkage
Yen intervention / USD / JPY volatility / Risk-off in FX
Sources
China News Service / TF1 Info Politique / Yonhap News TV / Times of India [timesofindia.indiatimes.com] / The Hindu / Al Jazeera Middle East / Google News - World / France 24 #2 / IRNA / The New Indian Express / Yahoo News - World / Der Spiegel International / Anadolu Agency Politics / France 24 #3
Reference Links
2026-05-01
2026-05-01
Open report
Updates
  • The Japanese government conducted FX intervention, causing the yen to briefly strengthen from 160 to 155 against the dollar. (Nikkei Asia)
  • The Fed held policy rates unchanged for the third consecutive meeting, but the 'dovish bias' in the statement faced opposition from several governors, indicating widening internal divisions. (JETRO Business News)
Key Events
  • Japan launches FX intervention, yen spikes from 160 to 155 (Nikkei Asia)
  • Fed holds rates for third consecutive meeting; several governors oppose dovish bias in statement (JETRO Business News)
Linkage
Japan FX intervention / Yen strengthens / Risk-off in FX markets
Fed hold rates / dissent on dovish bias / USD / Rates volatility
Sources
China News Service / Global Issues News / Yonhap News TV / France 24 #3 / Nikkei Asia / Al Jazeera Middle East / JETRO Business News / BBC News (Business) / The Hindu / Yahoo News - World / Google News - World / BBC News (Top) / The New York Times / RT News
Reference Links
2026-04-30
2026-04-30
Open report
Updates
  • The Federal Reserve decided to keep interest rates unchanged, and Chair Powell said he will remain as a governor after his term ends, to address legal pressures and institutional concerns. (The Hindu BusinessLine)
  • In his final rate decision press conference, Fed Chair Powell discussed key issues including the US-Israel-Iran conflict, inflation, legal attacks, and Fed independence. (BBC News (Business))
  • In his final meeting, Fed Chair Powell broke with central bank tradition, sending a clear signal to Trump, drawing market attention. (Der Spiegel International)
Key Events
  • Fed holds rates unchanged, Powell to stay as governor after term ends (The Hindu BusinessLine)
  • Four key points from Powell's final rate decision: US-Israel-Iran conflict, inflation, legal attacks, and Fed independence (BBC News (Business))
  • Fed Chair Powell breaks tradition, sends clear signal to Trump (Der Spiegel International)
Linkage
Fed holds rates / USD stable / rates unchanged
Fed holds rates / inflation outlook / USD & rates volatility
Sources
China News Service / Xinhua Finance / Yonhap News TV / RT News / Der Spiegel International / The Hindu BusinessLine / Google News - World / Al Jazeera Middle East / BBC News (Business) / Ukrinform
Reference Links
2026-04-25
2026-04-25
Open report
Updates
  • The US consumer confidence index fell to 49.8 in April, the lowest since mid-2022, impacted by war, high oil prices, and inflation. (Xinhua Finance)
  • Fed Chair nominee Kevin Warsh says reducing the balance sheet will take time, hinting at a gradual reduction of the Fed's footprint in financial markets. (The New York Times)
Key Events
  • US consumer confidence index falls to mid-2022 low (Xinhua Finance)
  • Kevin Warsh may reduce Fed's financial market footprint (The New York Times)
Linkage
Consumer confidence collapse / Risk aversion / Safe-haven demand
Fed tightening expectations / higher rates / risk-off
Sources
Xinhua Finance / China News Service / RT News / The New York Times / El País Internacional / Yonhap News TV / The New Indian Express / DW (Deutsche Welle) / Google News - World / Al Jazeera Middle East / The Hindu / Yahoo News - World / France 24 #2
Reference Links
2026-04-22
2026-04-22
Open report
Updates
  • Trump's nominee for Federal Reserve Chair denied making a deal with Trump on interest rates during the confirmation hearing and expressed willingness to pursue institutional reforms at the central bank. (BBC News (Top))
  • Federal Reserve nominee Kevin Warsh stated at a Senate hearing that the Fed needs a new policy framework to address inflation challenges. (O Globo Politics)
Key Events
  • Trump's Federal Reserve Chair nominee hearing: denies interest rate deal, advocates central bank reform (BBC News (Top))
  • Federal Reserve nominee Kevin Warsh calls for new framework to tackle inflation (O Globo Politics)
Linkage
Fed chair nomination / monetary policy expectations / global asset repricing
Fed nominee inflation stance / tighter policy expectations / USD up, rates up
Sources
Xinhua World / China News Service / UK Ministry of Defence / O Globo Politics / Al Jazeera Middle East / Valor Econômico Politics / Nikkei Asia / Evening Standard Politics / BBC News (Top) / Times of India [timesofindia.indiatimes.com] / RT News / Google News - World / The Independent / ECB Press Releases / The New York Times / Ukrinform
Reference Links
2026-04-21
2026-04-21
Open report
Updates
  • Trajectory (Stable): Federal Reserve nomination event introduces new variable, but policy tone unchanged so far, markets focus on potential independence risks.
  • Trump nominates Kevin M. Warsh to lead the Federal Reserve, Warsh will defend central bank's ability to set interest rates independently (The New York Times).
  • Nomination occurs amid geopolitical tensions, could affect balance between monetary policy and inflation management.
Key Events
  • Trump nominates new Federal Reserve chair (The New York Times)
  • Warsh to attend Senate hearing to defend central bank independence
Watch / Outlook
Monitor Senate hearing progress and impact on Federal Reserve policy independence; if independence compromised, could exacerbate dollar and interest rate volatility.
Linkage
Federal Reserve independence concerns / Monetary policy uncertainty / Dollar and interest rate volatility
Geopolitical risks push up inflation / Central bank policy dilemma / Market expectation divergence
Sources
Xinhua World / Xinhua Finance / China News Service / BBC News (Top) / Al Jazeera Middle East / The Independent / The New York Times / Google News - World / ABC News / RT News / Yonhap News TV
Reference Links
2026-04-17
2026-04-17
Open report
Updates
  • Trajectory (Stable): China's economy maintains steady growth, with Q1 data supporting global macro confidence.
  • China's Q1 2026 GDP grew 5.0% year-on-year, with major macro indicators showing accelerated growth (Xinhua Finance).
Key Events
  • China's Q1 GDP grows 5.0% (Xinhua Finance)
Watch / Outlook
Monitor China's subsequent economic policies and domestic demand data; strong growth may alleviate global recession concerns.
Linkage
Strong China GDP growth / Improved global risk sentiment / Rising risk assets
Sources
Xinhua Finance / Xinhua World / Australian Prime Minister's Office - Media / The Korea Times / Yahoo News - World / Google News - World / RT News / Al Jazeera Middle East
Reference Links
2026-04-14
2026-04-14
Open report
Updates
  • The People's Bank of China released first-quarter financial data, showing aggregate financing to the real economy increased by 14.83 trillion yuan, indicating the financial system is front-loading efforts to support a stable economic start, with low lending rates aiding enterprises and households. (Xinhua Finance)
Key Events
  • Q1 aggregate financing to the real economy reaches nearly 15 trillion yuan, financial front-loading supports stable growth (Xinhua Finance)
Linkage
Accommodative monetary policy / Credit growth / Improved economic expectations
Sources
Xinhua World / Xinhua Finance / The Korea Times / Yonhap News TV / Google News - World / Al Jazeera Middle East / RT News / Yahoo News - World / DW (Deutsche Welle) / DW (Deutsche Welle) [rss.dw.com]
Reference Links
2026-04-09
2026-04-09
Open report
Updates
  • The US dollar index fell sharply by 0.72% on April 8, 2026, closing at 99.142, with corresponding movements in major currency pairs against the dollar. (Xinhua Finance)
  • The minutes of the Federal Reserve's March monetary policy meeting show that officials believe the Iran war could pose two-way risks to the US economy, potentially both raising inflation and suppressing growth. (China News Service)
Key Events
  • US dollar index fell sharply by 0.72% on the 8th (Xinhua Finance)
  • Fed meeting minutes: Iran war poses two-way risks to US economy (China News Service)
Linkage
US dollar decline / risk asset rise / improved global market sentiment
Iran war risks / Fed policy concerns / market risk aversion
Sources
Xinhua World / China News Service / Xinhua Finance / RT News / Google News - World / Yonhap News TV / Al Jazeera Middle East
Reference Links
2026-04-04
2026-04-04
Open report
Updates
  • Trajectory (Stable): Strong US March non-farm payroll data, with unemployment rate falling to 4.3%, exceeding market expectations.
  • Employment growth supports Federal Reserve interest rate hike expectations, strengthening the US dollar.
Key Events
  • US March non-farm payrolls increase by 178,000, unemployment rate falls to 4.3% (China News Service)
Watch / Outlook
Observe the Federal Reserve's response to employment data and subsequent inflation figures to gauge monetary policy direction and market risks.
Linkage
Strong employment / Rising interest rate hike expectations / Strengthening US dollar and stock market gains
Sources
China News Service / RT News / Global News / Valor Econômico Politics / Google News - World / El Mundo - International News / Al Jazeera Middle East / Ukrinform [www.ukrinform.ua]
Reference Links