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Market news: U.S. health officials and technology executives will launch a data sharing program.On July 26, the Russian Ministry of Defense issued a notice saying that the Russian army has controlled two settlements in Zeleonegai in the Donetsk region and Maliyevka in the Dnipropetrovsk region. The notice said that Zeleonegai is an important stronghold of the Ukrainian army on this front, ensuring the security of the border passage to the Dnipropetrovsk region of Ukraine. Maliyevka is the second settlement in the Dnipropetrovsk region controlled by the Russian army.According to the Washington Post: DOGE is using AI tools to cut federal regulations, with the goal of eliminating 50% of regulations before the first anniversary of Trumps inauguration.On July 26, Australian Deputy Prime Minister and Defense Minister Richard Mars and visiting British Defense Secretary John Healey signed the Nuclear Powered Submarine Partnership and Cooperation Treaty (also known as the Geelong Treaty) in Geelong, Victoria, and claimed that the treaty was the "first pillar" of the "Australia-UK-US Alliance". The two countries commitment to bilateral defense cooperation for the next 50 years. According to a joint statement issued by Mars and Healey, the Geelong Treaty will enable the two countries to fully cooperate in the design, construction, operation, maintenance and disposal of the "Australia-UK-US Alliance" class nuclear submarines. It will support the development of personnel, infrastructure and regulatory systems required for Australias "Australia-UK-US Alliance" class nuclear submarine project, while also supporting the port visits of the UKs "Astute" class nuclear submarines and their rotational garrison at the Australian Stirling Naval Base.July 26th news, on the afternoon of the 26th, the reporter asked the Laotian military for confirmation. The Laotian side said that there was no exchange of fire between the Laotian and Cambodian armies, and the Lao side did not arrest the Cambodian armed personnel who illegally crossed the border. In addition, a source from the Lao Peoples Army said that the "Lao Peoples Army and Cambodian armed personnel exchanged fire" was false news. The authoritative Lao military media "Peoples Army Newspaper" said that it had not received any relevant notification. Cambodian Ministry of Defense spokesperson Mary Su Jieda also said on the same day that the relevant news was unfounded and the incident had never happened. Earlier that day, Thailands Thai Rath reported that the Laotian military issued an emergency notice on the 26th, saying that the Laotian army had a fierce exchange of fire with several Cambodian armed personnel who illegally crossed the border, arrested 10 people and seized weapons.

Price Analysis: AUD/USD Advances Toward 0.6740 Ahead Of PBoC's Decision

Alina Haynes

Apr 19, 2023 16:00

AUD:USD.png 

 

The AUD/USD pair strengthened to near 0.6740 after a gradual retracement. In light of the weakening U.S. dollar and the upward revision of China's growth rate forecast, the demand for Australian dollars was exceptional. The US Dollar Index (DXY) is exhibiting a dearth of volatility prior to the release of the Federal Reserve's (Fed) Beige Book.

 

The Australian Dollar remained active on Tuesday after the Reserve Bank of Australia (RBA) minutes were released. The RBA minutes revealed that policymakers actively debated a rate hike, but ultimately decided to maintain the current 3.6% rate. Philip Lowe, the governor of the Reserve Bank of Australia, stated that the central bank needs more time to compile information prior to taking action.

 

After a robust quarterly performance, forecasting agencies were enthusiastic about increasing their projections for China's Gross Domestic Product (GDP). In the future, the People's Bank of China's (PBOC) interest rate determination will be the primary event. Australia is China's greatest trading partner, and optimistic economic forecasts from China would benefit the Australian Dollar.

 

The AUD/USD exchange rate is exhibiting an Inverted Flag pattern on an hourly time frame. The Inverted Flag is a trend-following pattern that consists of a protracted consolidation followed by a decline. Participants prefer to enter an auction after a bearish bias has been established, and current vendors increase their position size during the consolidation phase of a chart pattern.

 

The 20-period Exponential Moving Average (EMA) is superimposed on the price of the asset at 0.6720, indicating lackluster performance.

 

Currently, the Relative Strength Index (RSI) (14) fluctuates between 40.00 and 60.00, indicating the absence of a possible trigger.

 

A future break above the March 22 high of 0.6759 will propel the asset toward the April 3 high of 0.6693. A breach above the latter would cause the asset to reach a new low on February 6 of 0.6855.

 

A breach of the April 10 low at 0.6620 would expose the Australian dollar to the March 10 low at 0.6564, followed by the round-number support at 0.6500, according to an alternative scenario.


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