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In an interview with Russian media, Russian Deputy Foreign Minister Grushko said that Ukraines accession to NATO means that it is impossible to reach a peace agreement on the Russian-Ukrainian conflict.On January 25, the U.S. Department of Defense issued social media guidelines for the military on January 24, local time, announcing the suspension of almost all official social media activities for 10 days. It is reported that the suspension will take effect on the 25th and apply to "all levels of official accounts" of the Department of Defense. However, content related to southern border operations and regular base operations and activities (such as Department of Defense school activities, base conditions and services, and recruitment-related activities) are not subject to this restriction. The specific reason for the suspension is not yet clear.The Dow Jones Industrial Average closed at 44,424.25 on January 24 (Friday), down 140.82 points, or 0.32%. The S&P 500 closed at 6,101.24 on January 24 (Friday), down 17.47 points, or 0.29%. The Nasdaq Composite closed at 19,954.30 on January 24 (Friday), down 99.38 points, or 0.50%.On January 25, according to a statement from the Iraqi Ministry of Interior, on January 24, local time, Iraqi border guards were attacked by armed members of the Kurdistan Workers Party while performing border defense tasks in Dohuk Province, the Kurdish Autonomous Region in northern Iraq, and an exchange of fire occurred, resulting in the death of two Iraqi border guards and one injured. Two Kurdistan Workers Party militants were killed.On January 25, local time on January 24, Slovak Foreign Minister Branar said that if the United States stops aiding Ukraine, Slovakia does not agree that the EU should bear all the responsibility for aiding Ukraine. Branar said that the United States is currently the largest supporter of Ukraine "financially and militarily". When commenting on the possibility of US President Trump stopping aid to Ukraine, Branar said, "If some EU countries decide to continue to support Ukraine militarily, it is their own business, but Slovakia refuses to let the EU take over the (financial) burden." Branar reiterated that Slovakia refuses military aid to Ukraine and is in favor of reaching a ceasefire agreement and starting peace talks as soon as possible.

Australia welcomes "Freedom Day", and the Australian dollar rises to a new one-month high! Target or aim 0.74

Oct 26, 2021 11:01

On Monday (October 11), the Australian dollar rose to a one-month high against the backdrop of a surge in commodity prices. At the same time, the Australian dollar was also supported by the relaxation of restrictions on the epidemic in Australia’s most populous state of New South Wales.


Sydney reopens


Sydney’s cafes, gyms and restaurants welcomed fully vaccinated customers on Monday after being locked down for nearly four months, because Australia’s goal is to start coexisting with the coronavirus and gradually reopen with a high vaccination rate.

Dominic Perrottet, Governor of New South Wales (NSW), told reporters in the state capital of Sydney: "I think this is a day of freedom. This is a day of freedom. We are leading the country out of this. A pandemic, but it will be a challenge."

Perrottet warned that infections will increase after the reopening, and virus-free states such as Western Australia and Queensland are paying attention to the situation of the epidemic because of concerns that the health system may be overwhelmed.

Perrottet has announced the end of the New South Wales blockade and strongly supports the reopening of Sydney. Since the outbreak of the highly contagious Delta virus in mid-June, more than 5 million residents of Sydney have been severely restricted.

The epidemic has since spread to Melbourne and Canberra, forcing these cities to lock down, although the number of cases in New South Wales is declining.

As the scope of vaccination expands, Australia plans to gradually return to normal, allowing fully vaccinated residents to freely enter and leave the country from November. Australia closed its international borders in March 2020, helping to keep its coronavirus population at a relatively low level.

The outlook for the Australian dollar


OCBC Bank analysts believe that the Australian dollar against the US dollar may target 0.7400 after closing above 0.7300 last week.

"Australian Treasury bond yields underperformed U.S. bonds, providing the Australian dollar with some additional support in addition to risk sentiment," the analyst added.

In addition, Credit Suisse analysts predict that the downtrend line of approximately 0.7365 in 2021 will limit its rebound.

He said that the Australian dollar has broken through the resistance level 0.7312/17, which means that it will be revised upwards to the 2021 downward trend line 0.7365 in the short term. Since then, the support level was initially seen at 0.7291/87, below this level will confirm a fall to a lower level, and retest the 0.7179/70 low.

A break below the low of 0.7179/70 should clear the way for another test of the main support level of 0.7126/06 and extend it down to the 0.7053 and 0.6991 levels. A break below the latter marks a significant change in the trend towards a downward trend.

(Australian dollar against the dollar daily chart)

GMT+8 22:26, the Australian dollar was quoted at 0.7367 against the US dollar.

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