EUR/USD 1.16341
-0.215%
Gold 4507.58
0.663%
Oil 58.618
0.632%
USD/JPY 157.879
0.650%
GBP/USD 1.34060
-0.254%
GBP/JPY 211.655
0.407%
Browse More
  • English
  • 简体中文
  • 繁體中文
  • Tiếng Việt
  • ไทย
  • Indonesia
Subscribe
Real-time News
Market news: Home Depot and Google Cloud have jointly launched the Agentic AI tool to help customers and employees transform projects from "how to do it" to "completed".Domestic News: 1. The "Tianma-1000" unmanned transport aircraft successfully completed its maiden flight. 2. Shanxi Province issued consumption subsidies for home appliances and digital smart products in 2026. 3. Hong Kongs new budget will be announced on February 25. 4. China Securities Regulatory Commission (CSRC): Focusing on cracking down on major, malicious, and key illegal activities, and severely punishing all kinds of malicious illegal activities. 5. Chinese Embassy: Due to scheduling conflicts, Wang Yis planned visit to Somalia on January 9 has been postponed. 6. Wang Yi held a telephone conversation with the Somali Foreign Minister: Opposing Somalilands collusion with the Taiwan authorities to seek independence. 7. National Business Work Conference: In 2026, efforts will be accelerated to cultivate new growth points in service consumption and optimize the implementation of the trade-in policy for consumer goods. International News: 1. A curfew has been imposed in Narathiwat Province in southern Thailand. 2. Israeli forces are reportedly planning a new round of attacks on the Gaza Strip. 3. British officials: The possibility of Britain deploying troops to Greenland cannot be ruled out. 4. South Korean Presidential Office: Will investigate the truth behind North Koreas claim of a "drone intrusion" and release the results promptly. 5. Iranian President: The government endorses peaceful protests and is willing to meet with protest groups. 6. Danish Parliament Chief: It would be "foolish" to go to war over Greenland. 7. Israel demands the EU designate Irans Islamic Revolutionary Guard Corps as a "terrorist organization." 8. US Media: Trump received a briefing on options for striking Iran but has not yet made a final decision; the government is considering multiple options for intervention in Iran. 9. Trump again pressures Cuba, threatening that if Cuba does not reach an agreement soon, it will face a situation of "zero oil and zero funds" flowing into Cuba. 10. Iranian Parliament Speaker warns Trump that any attack would lead Iran to consider Israel and US bases in the region as "legitimate targets" and strike them.On January 11, Cuban Foreign Minister Rodriguez posted on social media that the United States’ behavior was like “criminal and out-of-control hegemony,” threatening not only the peace and security of Cuba and the Western Hemisphere, but also the entire world.Supermicro Computer (SMCI.O) announced a collaboration with numerous industry partners to launch a smart store retail solution.Israeli Prime Minister Netanyahu: Israel is closely monitoring the situation in Iran and hopes that the country will soon be free from "tyranny".

Amidst increasing Fed hawkish bets, the AUD/USD is anticipated to soar over 0.6880

Daniel Rogers

Jul 11, 2022 11:29

 截屏2022-07-11 上午9.41.20.png

 

The AUD/USD pair is first seeking to exceed the significant resistance level of 0.6850 since it is expected that the US dollar index (DXY), which was drained on Friday, would perform poorly going forward. The asset is seeking more gains, and greater upside will be due once it clears the important 0.6880 barrier.

 

Even if US Nonfarm Payrolls (NFP) data is upbeat, dollar bulls are expected to do poorly. In June, the US economy added 372k jobs, well above the average estimate of 268k but falling short of the prior figure. The Unemployment Rate remained at 3.6 percent, the same as in the previous report and estimates. The US economy's superior performance on the job market will undoubtedly make it easier for the Federal Reserve (Fed) to announce large rate increases with less reluctance.

 

However, the drop in average hourly earnings (AHE) on Friday will be bad for the US economy. The economic data were 5,1% annually, which was higher than the forecast of 5% but lower than the prior estimate of 5,3%. Reduced AHE does not assist US families when the inflation rate is out of control. Reduced AHEs will have a significant influence on their revenue during times of increasing pricing pressure. The overall demand may go down as a result of this.

 

Investors are focusing on Thursday's release of the employment figures in Australia. It is projected that the Employment Change, which was previously published as 60,6K, will be substantially lower, at 25K. However, from the previously stated 3.9 percent, the jobless rate will drop to 3.8 percent.

Suggestion