EUR/USD 1.16200
-0.118%
Gold 4087.06
-2.019%
Oil 59.748
2.053%
USD/JPY 154.527
0.003%
GBP/USD 1.31675
-0.179%
GBP/JPY 203.475
-0.156%
Browse More
  • English
  • 简体中文
  • 繁體中文
  • Tiếng Việt
  • ไทย
  • Indonesia
Subscribe
Real-time News
On November 15, the UN Security Council adopted a resolution on November 14 extending sanctions against Yemen for another year until December 15, 2026, and requesting a panel of experts to continue monitoring and submit reports. The resolution condemned the Houthi attacks in the Red Sea and other waters, reaffirmed the arms embargo, and emphasized the need to resolve the conflict through a political process.Leapmotor: Cumulative sales this year have exceeded 500,000 units, achieving the 2025 sales target ahead of schedule.On November 15th, according to the Financial Times, Berkshire Hathaway, Warren Buffetts company, disclosed a $4.3 billion holding in Alphabet while reducing its Apple stake, making it the tenth largest holding in its portfolio. This may be one of the last new stock positions Berkshire adds before Buffetts retirement at the end of this year. This move deviates somewhat from Buffetts philosophy of buying and holding value stocks rather than high-growth companies for the long term. Meanwhile, Buffett sold approximately $11 billion worth of Apple stock in the third quarter. Besides Apple and now Alphabet, Berkshire Hathaways largest stock holdings do not include investments in large technology companies. Its other largest positions include American Express, Bank of America, and Coca-Cola, which remained largely unchanged in the third quarter.Conflict Situation: 1. Russia – ① Russian officials stated that a Ukrainian drone attack damaged apartment buildings and oil depots in the Russian Black Sea port of Novorossiysk. ② Russian Ministry of Defense: Air defense forces shot down or intercepted 216 Ukrainian drones overnight. 66 drones were shot down in the Krasnodar region of southern Russia. ③ Russian Federal Security Service: A Ukrainian plot to assassinate a senior Russian government official was foiled while the official was visiting a cemetery in Moscow. ④ Governor of Volgograd Oblast: Air defense systems repelled a nighttime drone attack targeting energy infrastructure. ⑤ Sources: Oil exports from the Russian Black Sea port of Novorossiysk have been suspended following the drone attack. ⑥ Russian Ministry of Defense: Russian forces conducted large-scale strikes against Ukrainian military and energy facilities. ⑦ Russian Ministry of Defense: Russian forces continued to attack besieged Ukrainian troops in the Krasnodar region. Russian forces successfully repelled seven Ukrainian attempts to relieve besieged troops from the northwest of Krasnodar. Russian forces also completed the clearing of Ukrainian personnel from the Rog settlement east of Krasnodar. 2. Ukraine – ① Numerous explosions were heard in the Ukrainian capital, Kyiv, with the mayor claiming a large-scale Russian attack. ② The mayor of Kyiv stated that the Russian attack injured 11 people. ③ The Ukrainian Ministry of Energy reported that Russia attacked energy facilities last night, causing power outages in parts of Kyiv, Odessa, and Donetsk. ④ The attack on Kyiv has resulted in 6 deaths. ⑤ Ukraine launched a major drone attack on Novorossiysk, a key Black Sea port handling oil cargo from Russia and Kazakhstan. ⑥ The General Staff of the Armed Forces of Ukraine reported that Russian forces launched 64 attacks in multiple locations in the Pokrovsk direction, of which Ukrainian forces repelled 41; the remaining battles are ongoing. Other developments: 1. Denmark delivered €830 million in military aid to Ukraine. 2. German Chancellor Merz stated that the EU is preparing new sanctions against Russia. 3. Russia consulted with the International Atomic Energy Agency regarding the power supply security of the Zaporizhia nuclear power plant. 4. Two industry sources said that the Saratov oil refinery in Russia halted oil processing on November 11 following the drone attack. 5. The deputy head of the Ukrainian military intelligence service stated that the number of artillery shells North Korea supplied to Russia in 2025 has decreased by about half compared to 2024. 6. The deputy head of the Ukrainian military intelligence service stated that Russia plans to produce approximately 500 new glide bombs with a range of 200 kilometers this year and is working to extend the range to 400 kilometers.On November 15th, the Russian Ministry of Defense stated that on the 14th local time, Russian forces continued their operations against besieged Ukrainian troops in the Krasnoyarsk region. Russian forces successfully repelled seven Ukrainian attempts to relieve besieged troops from the northwest of Krasnoyarsk, and also completed the clearing of Ukrainian personnel from the Rog settlement east of Krasnoyarsk. Furthermore, Russian forces continued their aggressive advance in the Dimitrov (Mirnokhlad) region adjacent to Krasnoyarsk, expanding their control. On the same day, the General Staff of the Ukrainian Armed Forces stated that Russian forces launched 64 attacks in multiple locations in the Pokrovsk direction, repelling 41 of them, with the remaining battles ongoing.

The Australian dollar shrinks gains against the US dollar, but the outlook remains negative

Oct 26, 2021 11:04

After meeting resistance above 0.7300 on Thursday (October 7), the Australian dollar against the US dollar reduced its gains in the European market, despite the rebound in market risk appetite.


The latest round of decline in the Australian dollar may be related to the overall slight rebound of the US dollar. The alleviation of the energy crisis, the progress of the US debt ceiling issue, and market optimism have all restricted attempts to hedge the dollar upwards.

On the other hand, the Australian dollar continued to look for support from the recent surge in natural gas prices, and US natural gas prices soared by 40% on Wednesday. Australia is a net exporter of natural gas and a major exporter of liquefied natural gas (LNG) in the world.

Later, the market will pay attention to the number of initial jobless claims in the United States to seek further hints from Friday's non-agricultural employment data, especially after the strong ADP employment data almost confirms that the Fed will begin to reduce the scale of debt purchases in November. Traders are also waiting for Friday's Reserve Bank of Australia (RBA) monetary policy statement.

AUD/USD technical outlook


Karen Jones, head of fixed income technical analysis at Commerzbank, said that as long as the exchange rate is below the 0.7370 area, the outlook for the Australian dollar against the US dollar is expected to remain negative.

Karen Jones said that the recent strength of the Australian dollar against the US dollar is seen as a corrective rebound. The market’s recent upward move is constrained by the 4-month downward trend line at 0.7370, and we will retain the negative bias. Initial resistance is located at the 50-day moving average of 0.7307.

We expect the Australian dollar to fall to the August low of 0.7106. The key support level remains at 0.7062/0.6991. This represents the lows of September and November 2020. A break below 0.6991 will trigger a further fall to the 0.6760 50% Fibonacci retracement level of the 2020-2021 volatility.

(Australian dollar against the dollar daily chart)

At 18:47 GMT+8, the Australian dollar was quoted at 0.7289 against the US dollar.

Suggestion