EUR/USD 1.15111
-0.481%
Gold 5079.50
-1.857%
Oil 95.199
8.967%
USD/JPY 159.340
0.247%
GBP/USD 1.33421
-0.515%
GBP/JPY 212.492
-0.261%
Browse More
  • English
  • 简体中文
  • 繁體中文
  • Tiếng Việt
  • ไทย
  • Indonesia
Subscribe
Real-time News
U.S. Treasury Secretary Bessant: The U.S. economy will grow by 3% after the conflict with Iran.U.S. Treasury Secretary Bessant: Oil prices will enter a period of lower levels in the medium term following the end of the conflict.US Treasury Secretary Bessant: The Federal Reserve has a long way to go before returning to quantitative easing.On March 13, Irans Nokyo News Agency reported on March 12 that the Iranian Islamic Revolutionary Guard Corps (IRGC) announced that its navy had launched a fierce attack on the U.S. Navys Fifth Fleet base in Bahrain. According to a statement released by the IRGC, the navy conducted two rounds of operations that morning, using missiles and drones to launch a heavy attack on the U.S. Navys Fifth Fleet base in Salman, Bahrain. The bases anti-drone systems, unmanned surface vessel center, logistics and equipment center, fuel storage facilities, and areas where U.S. soldiers were concentrated were all subjected to "precision strikes."On March 13, Adobe (ADBE.O) announced that its CEO, Shantanu Narayen, will step down as head of the creative software giant. This move comes amid deep market skepticism about the companys ability to thrive in the age of artificial intelligence. The company also provided its sales forecast for the current quarter, which, while slightly above expectations, failed to alleviate investor concerns that the software maker is being overtaken by new competitors. The company said on Thursday that revenue for the quarter ending in May would be between $6.43 billion and $6.48 billion. Analysts average expectation was $6.43 billion. Excluding certain items, earnings per share would be between $5.80 and $5.85, while analysts average expectation was $5.70. Adobe (ADBE.O) shares fell about 6% in after-hours trading.

AUD/USD struggles to surpass 0.6350; Australian Inflation/US GDP under the microscope

Alina Haynes

Oct 25, 2022 15:37

截屏2022-10-25 上午11.18.01.png 

 

During the Tokyo trading session, the AUD/USD pair reversed its decline to trade near 0.6350. The Australian dollar is under pressure as a result of Jinping's pessimism in China. Despite a small decline in S&P500 futures following three straight bullish settlements, the risk-on inclination remains firm. Following a poor beginning in Tokyo, the US dollar index (DXY) is attempting to retake the critical 112.00 mark.

 

The yield on 10-year US Treasury notes has reduced to 4.21 percent as a result of a positive market sentiment. According to the CME FedWatch tool, the probability of a fourth consecutive rate hike by the Federal Reserve (Fed) of 75 basis points (bps) stands at 95%.

 

According to a Reuters survey regarding the Fed's interest rate forecasts, the central bank will announce its fourth consecutive 75 basis point rate increase. According to additional results of the Reuters poll, the central bank should not terminate monetary policy until the inflation rate falls to around half of its current level. Without a question, the Fed's aggressive rate-hiking cycle increases the probability of a future recession.

 

MSNBC reported that US Treasury Secretary Janet Yellen remarked, "Cannot rule out risk" of a recession, creating a huge surge in recession worries.

 

Thursday's Gross Domestic Product (GDP) numbers will dominate the news in the future. The annualized GDP is projected to climb significantly to 2.4%, compared to the earlier forecast of a 0.6% decline.

 

The Australian bulls have been shaken by the extraordinary third term of Chinese leader XI Jinping. China's economic prospects are in jeopardy, which has an effect on Australia's trade projections. Moreover, Australian Consumer Price Index (CPI) data is increasing popularity. According to projections, the annual rate of headline inflation will rise to 7.0% from 6.1% in the previous report.


Suggestion