EUR/USD 1.17092
-0.103%
Gold 4339.50
0.156%
Oil 56.513
1.153%
USD/JPY 157.685
1.371%
GBP/USD 1.33734
-0.060%
GBP/JPY 210.883
1.325%
Browse More
  • English
  • 简体中文
  • 繁體中文
  • Tiếng Việt
  • ไทย
  • Indonesia
Subscribe
Real-time News
December 21 – According to sources, another oil tanker has been seized by the United States in waters near Venezuela as President Trump intensifies his oil blockade against the government of Venezuelan President Maduro. The seized tanker, the "Bella 1," is a Panamanian-flagged vessel under U.S. sanctions and was en route to Venezuela to load cargo. This interception follows the seizure of the "Century" supertanker early Saturday morning and the seizure of the "Skipper" tanker on December 10. The White House did not immediately respond to a request for comment.On December 21, local time, the Israel Defense Forces (IDF) issued a statement saying that during operations in northern Gaza that day, several suspicious individuals were spotted gathering near the Yellow Line, the ceasefire line. IDF fired warning shots, but three armed men crossed the Yellow Line and approached IDF forces, posing a "direct threat." IDF airstrikes subsequently killed them. The statement also noted that in two other separate incidents in northern Gaza, IDF forces also discovered two armed men crossing the Yellow Line and approaching soldiers. IDF airstrikes subsequently killed them.On December 21, the French presidential palace stated that it would determine the "best way" for French President Macron to hold dialogue with Russian President Putin "in the coming days." The French presidential palace welcomed Russias statement that Putin was willing to engage in dialogue with Macron, and that France believed the aim of such dialogue was to achieve a "stable and lasting peace," and that the content would be "transparent" to Ukraine and Europe.December 21 - According to a report released by the Indonesian Meteorology, Climatology and Geophysics Agency, a 5.6-magnitude earthquake struck off the coast of North Maluku province, Indonesia, at 19:21 local time on December 21. The epicenter was located at 1.47 degrees north latitude and 126.34 degrees east longitude, with a focal depth of 27 kilometers.December 21 - On December 21, MiniMax, a general artificial intelligence company, published its post-hearing information set prospectus for the first time.

Positive China PMI and IMF growth forecasts pressure mid-0.7000s bears

Daniel Rogers

Jan 31, 2023 16:55

AUD:USD.png

 

Due to risk-positive data from China and the International Monetary Fund, AUD/USD challenges the two-day downtrend while gaining bids off the intraday low (IMF). Despite this, purchasers appear to be having difficulty regaining control ahead of this week's high-level central bank summit. Despite this, the AUD/USD pair rose to 0.7055 in the early morning hours of Tuesday, following a recent comeback from the intraday low of 0.7038.

 

Recently, the IMF increased its global growth forecasts and predicted that the growth slowdown in developing markets bottomed out in 2022. The global lender also noted a slight improvement in the global GDP forecast for 2023, citing "particularly resilient" demand in the United States and Europe, a reduction in energy prices, and the reopening of China's economy after Beijing abandoned its stringent COVID-19 laws.

 

Prior to that, China's NBS Manufacturing PMI rose to 50.1, compared to 49.7 market expectations and 47.0 previously, while China's Non-Manufacturing PMI rose to 54.4, compared to 51.0 market forecasts and 41.6 previously.

 

The recent risk-on profile may have been bolstered by the declaration that the administration of US President Joe Biden is prepared to withdraw the Covid-led emergencies beginning on May 11. Monday, Reuters reported that China's Center for Disease Control and Prevention (CDC) claimed, "China's current wave of COVID-19 infections is nearing a conclusion, and there was no significant increase in cases during the Lunar New Year holiday."

 

Earlier in the day, the AUD/USD exchange rate was impacted by dismal Australian Retail Sales for December and a cautious stance ahead of the Federal Open Market Committee (FOMC) monetary policy meeting. The fact that Australian Retail Sales declined 3.9% in December, as opposed to the projected -0.3% decline and the previous figure of 1.9%, is noteworthy.

 

S&P 500 Futures exhibit small increases despite Wall Street's lackluster performance, while 10-year Treasury yields decline to 3.54% after three consecutive days of gains.

 

The US Employment Cost Index (ECI) for the fourth quarter (Q4) and the Conference Board's Consumer Confidence index for January will be widely monitored for direction in the near future. According to the market consensus, the US Consumer Mood Index may rise, but a forecast lower print of the US ECI, to 1.1% from 1.2%, might bolster the Fed's dovish stance and bring back AUD/USD buyers.


Suggestion