EUR/USD 1.13950
0.264%
Gold 3327.28
-0.467%
Oil 63.676
2.828%
USD/JPY 142.172
-0.190%
GBP/USD 1.32891
0.173%
GBP/JPY 188.866
0.012%
Browse More
  • English
  • 简体中文
  • 繁體中文
  • Tiếng Việt
  • ไทย
  • Indonesia
Subscribe
Real-time News
On April 19, two members of the U.S. Congress paid an "informal" visit to Syria on the 18th and will meet with Syrian regime leader Ahmed Shala to discuss sanctions. On the same day, the U.S. Department of Defense announced that it would adjust the deployment of U.S. troops in Syria, reducing the force from about 2,000 to less than 1,000.Japan Meteorological Agency: At around 12:57 local time, an earthquake occurred in Noto, Ishikawa Prefecture, with a focal depth of 10km and a magnitude of M3.7. This earthquake will not cause a tsunami.On April 19, the Japan Aerospace Exploration Agency and the National Institute of Polar Research jointly issued a press release on the 18th, saying that the maximum area of Arctic sea ice observed by the agency in March this year was 13.79 million square kilometers, but this data is the lowest since Japan began satellite observations in 1979. The communiqué said that the area of Arctic sea ice continues to expand during the winter from October to March of the following year, usually reaching the maximum of the year in March. Using observation data from the high-performance microwave radiometer No. 2 onboard Japans water cycle change observation satellite "Water Drop", researchers from the two agencies analyzed the distribution of sea ice in the Arctic Ocean and found that the sea ice area reached 13.79 million square kilometers on March 20, the largest area this year.Faraday Future: The annual shareholders meeting will be held on May 28. There will be no merger proposal at the meeting. The company name will be changed from "Faraday Future Intelligent Electric" to "Faraday Future AI Electric Vehicle Inc."Conflict situation: 1. Ukraine said that Russias missile attack on Kharkiv caused one death and 57 injuries. 2. The General Staff of the Ukrainian Armed Forces: In the past day, the Russian army lost about 1,530 soldiers, as well as 8 tanks, 40 armored personnel carriers and 88 artillery systems and other equipment. Peace talks: 1. US Secretary of State Rubio: The United States will stop trying to promote a peace agreement between Russia and Ukraine within a few days unless there are clear signs that an agreement can be reached. 2. The United States proposed to relax sanctions on Russia as part of the Ukrainian peace plan. 3. It is reported that Ukraines request to join NATO will not be discussed in the Russian-Ukrainian agreement. 4. US Vice President Vance: Optimistic about being able to end the Russian-Ukrainian conflict. 5. US President Trump: If all parties make it difficult to end the Ukrainian conflict, I will choose to give up, but I hope things will not develop to that point. We have a great chance to reach an agreement between Ukraine and Russia. Other situations: 1. The Ukrainian government announced the text of the memorandum of intent for the mineral agreement reached with the United States. One of the core points is to stipulate the establishment of a Ukrainian reconstruction investment fund. 2. Ukraines Deputy Minister of Economy: Ukraine and the United States will start a new round of negotiations on a mineral resources agreement on April 24. 3. Peskov: Russia and Ukraines suspension of the ban on attacking each others energy facilities has expired. 4. Source: Russia and Ukraine will exchange prisoners on Saturday under the mediation of the UAE.

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