EUR/USD 1.14404
-0.019%
Gold 4015.33
0.979%
Oil 81.356
3.134%
USD/JPY 162.380
0.010%
GBP/USD 1.34578
-0.153%
GBP/JPY 218.532
-0.116%
Browse More
  • English
  • 简体中文
  • 繁體中文
  • Tiếng Việt
  • ไทย
  • Indonesia
Subscribe
Real-time News
On July 18th, Ren Zeping was embroiled in controversy again. It is reported that his team disbanded the VIP group chat this week. An assistant from Ren Zepings team stated that the group chat was disbanded because "it was discovered that someone was using our group to send fraudulent links and privately create groups to post inappropriate information. To ensure everyones safety, we will no longer use the group for information notifications." Course registration and membership benefits will continue as normal. Third-party platform data shows that since the beginning of this year alone, Ren Zepings paid knowledge courses on his platform have sold between 20,000 and 100,000 units. The top five courses are all part of the 2980 RMB annual membership, with over 8800 units sold. Based on the listed price, this revenue alone is conservatively estimated to be over 26.22 million RMB. Currently, this membership service is still available for purchase on platforms such as WeChat Mini Programs.On July 18th, at the 2026 World Artificial Intelligence Conference (WAIC), NetEase Youdao publicly showcased its Youdao OpenPods for the first time. The device supports real-time simultaneous interpretation in over ten languages and features recording transcription, automatic generation of structured minutes, and mind maps. It is understood that the earphones are already in mass production and are expected to be officially launched in August. Youdao stated that OpenPods will be exported in the future.On July 18th, at the 2026 World Artificial Intelligence Conference, renowned futurist and "father of the Silicon Valley spirit," Kevin Kelly, stated in a media interview that if one day everyone starts to care about the cost of tokens, the existence of open-source models will be an advantage for Chinese AI. Kelly mentioned that the cost of token consumption is becoming increasingly important, while currently, people dont seem to care about the cost. "But I think that when we are constantly consuming such a huge amount of tokens, people will become concerned (about the cost). If you can provide a model with a cost that is only one-tenth of Anthropics, then it will be a game-changer." However, Kelly also cautioned that the open-source model requires sufficient funding to operate, as it is not as profitable as the closed-source model. "Building these large models requires a huge amount of capital."A spokesperson for the Kuwaiti Ministry of Defense stated that since early this morning, the armed forces have detected enemy ballistic missiles and drones in Kuwaiti airspace and have intercepted and dealt with them. Iranian attacks continue to target multiple military and security facilities in Kuwait, as well as several critical infrastructure and civilian facilities. The attacks affected facilities in the oil and power sectors, causing fires and significant damage.The Ukrainian Ministry of Defense reported that in the first half of 2026, the Ukrainian military signed drone contracts totaling approximately $7.5 billion, double the total for the previous year. FPV drones accounted for the largest share of these contracts.

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