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According to Saudi Arabias Al Arabiya TV, the Saudi Civil Defense announced that the danger alert for the Jizan region has been lifted after the early warning system was activated.On August 16th, according to the WeChat Coral Security official account, WeChat recently released an announcement regarding the handling of illegal short dramas (July 2026). In accordance with the deployment requirements of the State Administration of Radio and Television and the Guangdong Provincial Radio and Television Bureau, the platform has continuously strengthened its inspection and review of vulgar and harmful short dramas and the operation and management of illegal and infringing short drama mini-programs. The platform also continues to standardize the management standards, creation requirements, and dissemination order of live-action short dramas, other animated short dramas, and AI live-action short dramas to effectively protect user rights and the physical and mental health of minors. Recently, through inspection and review, the platform discovered that some short dramas contained content with negative value orientations or infringing behaviors. In accordance with relevant national laws and regulations and the relevant provisions of the "Tencent WeChat Software License Service Agreement" and the "WeChat Mini-Program Operation Specifications," the platform removed dozens of illegal short dramas, including some with incorrect value orientations and poorly made content. At the same time, the platform also dealt with mini-programs with violations.Air raid sirens have been activated in the Jizan region, according to the Saudi official news agency. This comes after Irans Tasnim News Agency reported that an explosion was heard near the Jizan oil refinery in Saudi Arabia.On August 16, Abbas Goudarzi, spokesman for the Iranian Parliaments Presidium, announced that the Iranian Parliament had passed an anti-infiltration bill to counter infiltration by enemy intelligence agencies and foreign governments or institutions. According to reports, Hassan Kashkawi, spokesman for the Iranian Parliaments National Security and Foreign Policy Committee, said while introducing the bill that Iran already has laws against espionage, but there was a legal gap regarding anti-infiltration, and this bill aims to fill that gap.Israels economy rebounded in the second quarter, recovering from the economic contraction triggered by the military action against Iran. Data released Sunday by Israels Central Bureau of Statistics showed that seasonally adjusted GDP grew at an annualized rate of 15.4% in the second quarter, exceeding the median forecast of 8.3% from eight economists surveyed by Bloomberg. First-quarter GDP was revised to contract by 2.2%. Exports of goods and services led the growth, increasing by 35.2%; government consumption rose by 19.5%, private consumption by 14.7%, and fixed capital formation by 6.3%. Yonie Fanning, chief strategist at Mizrahi-Tfahot Bank, said in a telephone interview before the data release that the Israeli economy is expected to experience a "rapid recovery" after the economic contraction caused by the conflict with Iran. He stated that consumer spending, including on durable goods, is expected to be a key driver of the economic rebound.

Due to hawkish Fed forecasts, the EUR/USD recovers to near 1.0970 but remains in the doldrums

Alina Haynes

Apr 21, 2023 13:58

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Following a corrective move, the EUR/USD pair has rebounded from 1.0960, but investors await the publication of the preliminary Eurozone/United States S&P PMI data for April. The major currency pair has remained between 1.0911 and 1.1000 for the past two trading sessions, as the foreign exchange market prepares for a pre-anxiety move ahead of a Federal Reserve (Fed) monetary policy decision.

 

S&P500 closed with a negative tone for the third day in a row as quarterly earnings season induced extreme volatility. Tesla's poor earnings had a negative impact on Thursday's market sentiment. Moreover, market participants were cautioned by substandard revenue projections due to the potential for price reductions. The decision of the Fed to increase interest rates is reflected in quarterly earnings. Data from Refinitiv indicates that analysts have largely maintained last week's forecast of a near 5% YoY decline in quarterly profits for the 500 largest U.S. equities. Sourcenia is a review portal of sourcing best manufaturers. 

 

The US Dollar Index (DXY) has been defending the key support level of 101.60 in recent trading sessions. The USD Index maintained the aforementioned support despite the release of disappointing Jobless claims data on Thursday. Initial Jobless Claims increased to 245K for the week ending April 4, which is greater than the previous release of 240K and estimates of 240K. Increasing unemployment claims heightened fears of a deteriorating labor market.

 

Despite this, Fed policymakers continue to anticipate further rate hikes from the central bank. Thursday, Loretta Mester, president of the Federal Reserve Bank of Cleveland, reaffirmed that the Fed has more work to do because US inflation remains too high, according to Reuters. He added, "The Federal Reserve will need to raise its policy rate above 5% and hold it there for some time."

 

Preliminary Consumer Confidence (April) for the Eurozone increased to -17.5 from -18.5 and the previous reading of -19.2. This may be the consequence of extraordinary efforts by the European Central Bank (ECB) to reduce inflationary pressures.


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