EUR/USD 1.07791
-0.098%
Gold 2916.07
-0.106%
Oil 66.119
0.009%
USD/JPY 147.840
-0.699%
GBP/USD 1.28847
-0.071%
GBP/JPY 190.489
-0.746%
Browse More
  • English
  • 简体中文
  • 繁體中文
  • Tiếng Việt
  • ไทย
  • Indonesia
Subscribe
Real-time News
On March 7, OpenAI and Oracle plan to start deploying hundreds of thousands of AI chips from Nvidia to a new large-scale data center in Abilene, Texas in the coming months. This is part of the launch and operation of the first facility of their $100 billion "Stargate" infrastructure project. According to people familiar with the matter, by the end of 2026, the data center is expected to install 64,000 of Nvidias highly sought-after GB200 semiconductor chips. These chips will be installed in multiple halls of the data center in stages, and the first batch of 16,000 chips are planned to be deployed before this summer.March 7th news, regarding the suspension of intelligence sharing between the United States and Ukraine, Ukrainian Defense Minister Umerov said on March 6 local time that Ukraine has not yet received detailed information from the United States on limiting the exchange of intelligence data, but Ukraine is already studying alternatives. John Ratcliffe, director of the US Central Intelligence Agency, said on the 5th of this month that the United States has suspended intelligence sharing with Ukraine. This move is intended to put pressure on Ukrainian President Volodymyr Zelensky to push him to cooperate with US President Trump and hold peace talks with Russia. The Ukrainian side said on the same day that it plans to hold new talks with the United States.Market news: OpenAI and Oracle (ORCL.N) are considering acquiring billions of dollars worth of Nvidia chips for Stargate in the coming months.The Federal Reserve accepted a total of US$129.269 billion from 35 counterparties in fixed-rate reverse repurchase operations.On March 7, German Defense Minister Pistorius met with visiting Ukrainian Defense Minister Umerov in Berlin on the afternoon of the 6th. He expressed the hope that the military aid to Ukraine suspended by US President Trump could be replaced by the assistance of international partners as much as possible. At the same time, the exploratory negotiations with the EU will also include an additional aid plan worth 3 billion euros. If the financing is successful, it is possible to deliver more air defense systems to Ukraine.

The AUD/USD has dropped from its monthly high at 0.6990 due to poor Australian PMIs and a rebound in the DXY

Alina Haynes

Jul 22, 2022 14:50

 截屏2022-07-22 上午10.06.52.png

 

After retesting the monthly high earlier in the day, the AUD/USD continued to slide in Friday's Asian trading. It drops back down to where it started the day, at 0.6916. Recent declines in the Aussie pair may be attributable to the poor prints of Australia's flash readings of S&P Global PMIs for July. The resurgence of the US dollar in the face of pessimistic attitude also affects the pair.

 

S&P Global Manufacturing PMI for Australia dropped to 55.7 in July from 56.2 in June and the 56.4 forecast. Additionally, the S&P Global Services PMI dropped to 50.4 during the mentioned month, which was below the 55.0 consensus and the 52.6 readings seen previously. Moreover, the S&P Global Composite PMI has dropped from 52.6 in prior readings to 50.6 today.

 

Conversely, as risk aversion returns to the market, the US Dollar Index (DXY) is gaining bids and is on track to revisit its intraday high at 106.70, up 0.12% on the day. It's worth remembering that the DXY dropped the day before because it was pegged to US Treasury rates, and that the benchmark 10-year bond coupons had their worst daily loss since mid-June.

 

The yield drop might be the result of a number of factors, including the European Central Bank's (ECB) surprise rate hike of 50 basis points (bps) and the implementation of a new tool known as the Transmission Protection Instrument (TPI) to manage irrational market dynamics in the area.

 

Additionally, the Nord Stream 1 pipeline from Russia restarting its gas exports to Europe boosted market sentiment and aided AUD/USD purchasers the day before.

 

In light of this, Wall Street benchmarks ended the day stronger and the 10-year Treasury rates for the US Treasury had their greatest daily decline in five weeks. However, as of the time of publication, S&P 500 Futures are down 0.50 percent.

 

The ECB's decision to limit the market's confidence as well as long-standing worries about a recession and COVID are the sources of the most recent dip in mood.

 

Nevertheless, the risk-off attitude may affect the AUD/USD pricing going ahead. However, pessimistic predictions for the US PMIs in July give purchasers reason for optimism.


Suggestion