EUR/USD 1.17260
1.549%
Gold 4003.94
0.678%
Oil 64.710
8.945%
USD/JPY 153.423
0.239%
GBP/USD 1.31606
0.177%
GBP/JPY 201.889
0.419%
Browse More
  • English
  • 简体中文
  • 繁體中文
  • Tiếng Việt
  • ไทย
  • Indonesia
Subscribe
Real-time News
Conflict Situation: 1. Russia – ① Russian Ministry of Defense: A Ukrainian drone was shot down in the Moscow region. ② Russia launched a large-scale airstrike against Ukraine, damaging energy and transportation facilities in many parts of Ukraine. ③ Russian Ministry of Defense: Russian troops have occupied the village of Vovche in Ukraines Dnipropetrovsk Oblast. 2. Ukraine – ① Ukraine claims Russia launched a large-scale attack on its energy facilities. ② Ukrainian Prime Minister: Russian attacks on Ukrainian dams damaged several large energy facilities in the Kyiv, Kharkiv, and Poltava regions. Other Situations: 1. US – ① US media: Hungary will be exempt from US sanctions when purchasing Russian energy. ② Ukrainian President Zelensky: Russia launched 450 drones and 45 missiles to attack Ukraines energy sector and infrastructure. 2. Ukraine – Rotating power outages will be implemented in most parts of Ukraine on the 9th. 3. Russia – ① Russian Foreign Minister Lavrov: At the instruction of Russian President Putin, Russia has begun drafting proposals regarding possible Russian nuclear testing programs. ② Russia claims it has not received any statements from the US regarding the resumption of nuclear testing through diplomatic channels. 4. Other – Both external power supply lines to the Zaporizhzhia nuclear power plant have been repaired.On November 9th, Senate Majority Leader John Thune stated that positive progress had been made in bipartisan negotiations to end the federal government shutdown. Lawmakers are working to reach an agreement to temporarily reopen the government and introduce three longer-term appropriations bills for several agencies. According to Republican senators, lawmakers had hoped to release the full text of three full-year appropriations measures for fiscal year 2026 on Saturday, including agriculture, food and nutrition programs, military construction programs, veterans programs, and congressional operating funds. The proposal would fund these initiatives until September 30, 2026. However, by the end of the workday this week, the two parties had not reached an agreement on reopening the government, nor had they released the full-year appropriations bill to the public. The Senate will attempt negotiations again during a rare Sunday session.On November 9th, Russian Foreign Minister Sergey Lavrov stated on the 8th local time that Russia has not yet received any explanation from the US through diplomatic channels regarding President Trumps remarks about resuming nuclear testing. He also stated that Russian President Vladimir Putins instructions regarding nuclear testing are being implemented. Lavrov noted that it is currently unclear whether Trump was referring to nuclear weapons delivery vehicle testing or subcritical testing.November 9th - On November 8th local time, Ukraines state electricity company announced that most parts of Ukraine would experience rotating power outages in two to four rounds from 00:00 to 23:59 on November 9th. The various restrictions in place will remain in effect until the end of the day.According to sources, members of the Irish Football Association have approved a resolution calling on UEFA to suspend Israels participation in European competitions.

AUD / JPY Nears 92.00 on Stronger-Than-Expected Aussie Retail Sales

Daniel Rogers

Feb 28, 2023 11:41

AUD:JPY.png 

 

The AUD / JPY has approached the immediate resistance level of 92.00 as the Australian Bureau of Statistics published Retail Sales (January) data that was better than expected. The 1.9% GDP growth rate was better than expected, coming in at 1.5%. In December, retail sales decreased by 3.9%.

 

At a moment when the Reserve Bank of Australia (RBA) and other policymakers are formulating a strategy to reduce inflationary pressures, encouraging data on retail demand will only make matters worse. Australian inflation has not yet hit its highest level despite the RBA raising the Official Cash Rate (OCR) to 3.35 percent. The RBA's policy tightening cycle is not expected to come to a stop any time soon given the lack of data suggesting a slowdown in overall demand.

 

On Wednesday, when Australia's GDP and CPI are published, the cross will surge.

 

The fourth quarter of 2022 is expected to increase by 0.7%, up from 0.6% in the third quarter. On an annualized measure, Australia's GDP is expected to grow by 2.7%, up from 5.9% in the previous report.

 

The January CPI is expected to fall to 7.9% from 8.4%, in addition to the Australian GDP figures. RBA Governor Philip Lowe and other policymakers who are worried about Australia's persistent inflation will find relief from a reduction in monthly inflationary pressures.

 

The surprisingly dovish tone of Bank of Japan (BoJ) Governor-nominee Kazuo Ueda is affecting the value of the Japanese Yen. From the perspective of BoJ Ueda, Japan's multi-decade high inflation is suitable to continue the expansionary policy to stimulate wages and domestic demand as a result of external forces.

 

Japan's yearly Retail Trade (Jan) increased to 6.3% from 4.0% and 3.8% in early Asia. The Japanese Yuan, however, was unable to benefit.


Suggestion