EUR/USD 1.16928
-0.103%
Gold 4732.24
-0.167%
Oil 92.901
1.027%
USD/JPY 159.510
0.022%
GBP/USD 1.34980
-0.033%
GBP/JPY 215.312
0.015%
Browse More
  • English
  • 简体中文
  • 繁體中文
  • Tiếng Việt
  • ไทย
  • Indonesia
Subscribe
Real-time News
The preliminary readings of the S&P Global Manufacturing and Services PMI for April in the United States will be released in ten minutes.Chart: Performance of major currency pairs on Thursday, April 23, 2026On April 23, Iranian sources reported that, amid diplomatic setbacks and a lack of trust in negotiations, Iran has developed a target list to counter potential military actions by the US and its allies, based on the principles of "reciprocal response" and "offensive deterrence." The list reportedly includes multiple response plans for different scenarios. For example, if Iranian power plants are attacked, missiles and drones will be used to strike power plants in Israel and other US allies in the region; if Iranian oil and gas facilities are attacked, retaliatory strikes will be launched against key oil and gas facilities in Israel and US allies, aiming to reduce global daily oil production by 25 million barrels within a year; and if Iranian military and political leaders are assassinated, information technology and artificial intelligence centers in the relevant countries will be targeted. If Irans territorial sovereignty is violated (such as by occupying islands or ports), it will launch a large-scale joint attack with ballistic missiles, cruise missiles, and drones against the aircraft carriers and attack helicopters of the relevant countries. If the naval blockade against Iran continues or escalates, it will block the Bab el-Mandeb Strait and, if necessary, completely block the Strait of Hormuz by laying large-scale mines, cutting off all oil export pipelines. If the US military launches a ground invasion against Iran using bases in the region, Iran will coordinate a ground war with resistance forces and local armed forces in the countries where the bases are located, and rely on local civilians to capture US soldiers. In addition, Iran may launch surprise attacks on US interests outside the region.UK National Electricity System operator: For the first time, solar power generation in the UK has exceeded 15 gigawatts.US President Trump: Iran is facing great difficulty in determining its leader. They are simply unable to reach a consensus, and an internal struggle is unfolding between "hardliners" and "moderates."

AUD/USD falls approaching 0.7200 despite the former RBA governor's aggressive forecasts

Alina Haynes

Jun 08, 2022 11:59

 截屏2022-06-08 下午12.00.41.png

 

Bears and buyers continue to fight for position around 0.7220-25 as sentiment is mixed and investors remain cautious ahead of the week's big data/events. In doing so, the Australian duo struggles to defend the hawkish remarks of former Reserve Bank of Australia (RBA) Governor Ian Macfarlane.

 

Ex-RBA Governor Macfarlane warned early Wednesday morning about chronically rising inflation and the need to drastically increase interest rates. The former policymaker also stated, "There is sufficient scarcity in Australia and the United States to maintain a high inflation rate."

 

In contrast, China's Vice Commerce Minister Wang Shouwen joined China's Vice Finance Minister Zou Jiayi in reiterating concerns about a global economic downturn and a decline in demand. Recent consensus among policymakers held that the rise of global demand is slowing.

 

It's worth noting that a rebound in US Treasury rates and apprehension ahead of Thursday's European Central Bank (ECB) meeting, as well as Friday's US Consumer Price Index (CPI) for May, tend to stifle the AUD/USD pair's movements.

 

In spite of this, 10-year US Treasury note rates jump two basis points (bps) to 2.99 percent the day after breaking a six-day downward trend. A record decline in the US trade deficit and optimism on the US budget appear to have prompted a recall of US Treasury bond sellers. The US trade deficit for April decreased 19.1 percent from the previous day to USD87.1 billion.

 

Other market optimists were defended by US Treasury Secretary Janet Yellen and optimism for a quicker economic rebound in China. Tuesday, US Treasury Secretary Yellen spoke before the Senate Finance Committee about the Fiscal Year 2023 Budget while stating that the US economy faced problems from "unsustainable levels of inflation" and supply chain disruptions. The official said, "An adequate budget is necessary to support the Fed's efforts to control inflation without damaging the labor market."

 

It should be noted that World Bank (WB) President David Malpass's warning that faster-than-anticipated tightening might force certain nations into a debt crisis akin to that of the 1980s appears to have impacted on the quotation as of late. The risk-negative news from Ukraine may follow a similar trajectory. Politico reported that Ukraine has not yet achieved a deal with Russia or Turkey to enable the safe passage of its grain ships in the Black Sea, casting doubt on a U.N. initiative to build a crucial food corridor.

Technical Evaluation

A two-week-old support line protects AUD/USD buyers at 0.7205. However, the 200-day moving average and the recent top, located around 0.7255 and 0.7285, may challenge the Aussie pair's upside before the bulls regain control.


Suggestion