EUR/USD 1.04165
0.366%
Gold 2872.67
1.076%
Oil 70.936
-2.105%
USD/JPY 152.344
-1.298%
GBP/USD 1.25079
0.239%
GBP/JPY 190.552
-1.036%
Browse More
  • English
  • 简体中文
  • 繁體中文
  • Tiếng Việt
  • ไทย
  • Indonesia
Subscribe
Real-time News
Chicago Fed President Goolsbee, a 2025 FOMC voting member, will speak in ten minutes.February 6th, French Prime Minister Francois Bayrou survived a no-confidence motion on Wednesday, ensuring the adoption of the 2025 budget after months of political turmoil. Bayrou invoked a special constitutional clause on Monday to force parliament to pass the budget without a vote, triggering a no-confidence motion. France is currently in its third government since President Macron decided to hold early elections last summer. At that time, the early elections split the National Assembly into three roughly evenly matched and opposing camps. Members of parliament overthrew former Prime Minister Barnier after he tried to use the same clause to force through the budget. French government bonds rose this week, and the yield premium that investors demand to hold the countrys 10-year government bonds over lower-risk German government bonds narrowed to 71 basis points.On February 6, the U.S. Senate confirmed Scott Turner as Secretary of Housing and Urban Development with 55 votes in favor and 44 votes against. During Trumps first presidential term, Turner served as the first executive director of the White House Opportunity and Revitalization Council.UBS: We expect central banks around the world to continue to actively purchase gold in the coming year.The document shows that Saudi Aramco set the official selling price of Arab Light crude oil for the Asian market in March, which is $3.90 per barrel higher than the average price of Oman/Dubai crude oil.

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