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A Reuters poll showed that 12 of 13 economists expected the Bank of Israel to keep its benchmark interest rate unchanged at 4.5% on Monday; one economist predicted a 25 basis point cut.On January 5, local time, the Russian Ministry of Defense reported that from the night of the 4th to the early morning of the 5th, the Russian air defense system shot down a total of 61 Ukrainian drones in many places. Among them, 37 were shot down over Rostov Oblast and 20 were shot down over Bryansk Oblast. The Ukrainian Air Force reported on the 5th that from 19:00 on the 4th to the early morning of the 5th, the Russian army launched 103 drones of various types at Ukraine. As of 9:00 on the 5th, local time, the Ukrainian army confirmed that 61 of them were shot down.On January 5, Jingzhida announced in the evening of January 5 that the company has provided customers with a prototype of semiconductor finished product test (Final Test, referred to as "FT") equipment (referred to as "the product" and "FT tester") for verification. The FT tester is mainly used to perform functional and electrical parameter tests on the packaged chips after they are packaged.On January 5, one month after the launch of Cross-Border Wealth Management Connect 2.0, some mainland securities firms that have not set up branches in Hong Kong also expressed their willingness to expand their business. While building systems and teams, they are actively looking for securities firms doing business in Hong Kong as business partners.Qatari officials said Syrias foreign minister was meeting with senior Qatari officials in Doha.

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

Daniel Rogers

Jul 11, 2022 11:29

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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.

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