EUR/USD 1.16714
0.070%
Gold 4642.09
-0.206%
Oil 81.844
-3.202%
USD/JPY 159.254
0.101%
GBP/USD 1.36410
0.079%
GBP/JPY 217.243
0.188%
Browse More
  • English
  • 简体中文
  • 繁體中文
  • Tiếng Việt
  • ไทย
  • Indonesia
Subscribe
Real-time News
Canadian Prime Minister Mark Carney: Canada will impose identical tariffs on the new U.S. tariffs, without any difference. In addition, we will introduce additional enhanced support measures totaling C$7.5 billion to assist Canadian workers and businesses. This funding will be added to the approximately C$25 billion in support measures already announced since the U.S. imposed its unreasonable tariffs.Qatari Foreign Ministry: Qatar strongly condemns the Israeli Defense Ministers illegal entry into Syrian territory and crossing of international borders.August 26th - On August 25th local time, wildfires continued to expand in rural Texas, prompting local emergency management authorities to order the evacuation of residents. The fires, which began early on the afternoon of the 24th, have already engulfed an area of over 200 square kilometers in north-central Texas. Wildfires have been rampant in the southern and western United States in recent days due to persistently dry weather. The National Interagency Fire Center reported that over a dozen new fires were reported on the 23rd alone. The center stated that more than 50,000 wildfires have occurred nationwide this year, the highest number for the same period in the past decade.The Federal Reserve accepted a total of $405 million from six counterparties in its fixed-rate reverse repurchase operations.On August 26, Axios reported that the U.S. Navy has cleared the main shipping lane in the Strait of Hormuz, the Traffic Separation Channel (TSS) between Iran and Oman, allowing more oil tankers to pass. According to U.S. officials, over the past few months, U.S. Navy underwater drones have systematically scanned the area, detecting more than 100 suspected mines. The U.S. military subsequently collaborated with private companies to clear or detonate these mines. In the past 30 days, more than 500 ships have passed through the southern channel of the strait, with only about 2% being attacked by Iranian drones or missiles. Trump stated that any ships or vessels that re-mine mines will be "immediately and systematically destroyed." U.S. officials said that with the main shipping lane reopened, ships can pass through the Strait of Hormuz in both directions under U.S. protection, facilitating the flow of more oil into global markets.

The EUR/USD rise is getting close to 1.0200 as investors await US inflation data

Daniel Rogers

Aug 09, 2022 14:58

 截屏2022-08-09 上午10.12.13.png

 

The EUR/USD moves in the 1.0200 range during Tuesday's Asian session after falling from 1.0221 as traders look for fresh data. The major currency pair gained over the first part of the week but lost some of those gains by Monday's close. Recent price fluctuations, however, seem to be constrained by a lack of noteworthy data or events and a cautious attitude ahead of Wednesday's release of the US Consumer Price Index (CPI) for July.

 

Gains in the EUR/USD the day before are shown by higher readings of the Eurozone Sentix Investor Confidence Index and a drop in US Treasury yields. The primary sentiment indicator Index, however, increased in August from -26.4 to -25.2, which was projected to be the value. According to specifics, the eurozone's present state has improved from this month's lowest position since March 2021, when it was -16.5, to -16.3. The expectations index is at its lowest level since December 2008, despite a little increase to -33.8. It is still very close to that level. The US Dollar Index (DXY), in contrast, saw a daily decrease of 0.19 percent to 106.37.

 

The moderate Azione's resignation from the newly formed alliance ahead of the September elections looks to have put negative pressure on the Euro elsewhere due to Italian political worries.

 

The moderate Azione has backed out of its coalition with the Democratic Party and the +Europe party after only agreeing to do so last week. According to party leader Carlo Calendar, "the parts didn't fit." According to Reuters and Market News Publishing US, the alliance was formed in an effort to stop a more conservative government from taking office after the election on September 25.

 

Notably, gains in the EUR/USD the day before appeared to have been constrained by US President Joe Biden's displeasure of China's efforts to retake Taiwan and his censure of House Speaker Nancy Pelosi's trip to Taipei.

 

These actions caused the 10-year US Treasury rates, which had increased by 14 basis points (bps) the day before, to fall by around seven basis points (bps) to 2.75 percent. Wall Street also started Monday's trading day on a positive one before ending on a mixed note, albeit as of press time, S&P 500 Futures are showing minor gains.

 

Participants in the EUR/USD market may be interested in the second quarter's (Q2) US Nonfarm Productivity and Unit Labor Costs data. Forecasts suggest that US Nonfarm Productivity may rise to -4.6% from -7.3%, while Unit Labor Costs may decrease to 9.5% from 12.6%. The news regarding Taiwan and Russia will also be important for determining direction.


Suggestion