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June 15 - According to the Missouri Highway Patrol, a plane crashed in Butler, Missouri, at approximately 11:35 a.m. local time on June 14, killing all 12 people on board. The P750 aircraft, carrying 11 parachutists and one pilot, had just taken off from Butler Memorial Airport. The National Transportation Safety Board will lead the investigation into the cause of the crash and will release further updates.According to sources who spoke to Israels Jerusalem Post, Iran is considering suspending its missile launches against Israel.On June 15th, former Israeli Ambassador to the US, Aaron Pincus, stated that Iran has become stronger and more confident since the war, and the regional balance facing Israel has clearly shifted unfavorably. He pointed out that by mid-June 2026, Iran will be geopolitically exponentially stronger than it was on the day the war broke out (February 28th), and has altered the regional balance during the war. Pincus warned that Iran has "upended the strategic balance," not only attacking the Arab Gulf states but also driving a wedge between Israel and the United States. He stated that how the post-war balance of power between Israel and Iran will develop remains to be seen, but "it will certainly be different from what it was in February, and less favorable to Israel than before."On June 15, the Iranian Foreign Ministry strongly condemned the Israeli regimes terrorist act of military aggression against a residential area in the southern suburbs of Beirut this afternoon (June 14). The attack has resulted in casualties among Lebanese citizens. The Iranian Foreign Ministry stated that this terrorist crime not only blatantly violated Lebanons national sovereignty and territorial integrity but also seriously contravened the ceasefire understanding reached between Iran and the United States on April 8. Iran reiterated that the US government bears direct responsibility for the Israeli regimes crimes and repeated violations of the ceasefire, and emphasized that it will take all necessary measures to exercise its legitimate right to self-defense. Iran warned that the dangerous consequences of the Israeli regimes frivolous actions on regional peace and security should be borne by the United States and the Israeli regime.Iranian Parliament Speaker: The enemy can never defeat any resistance front alone.

A decrease in the AUD/USD rate toward 0.7100 is caused by weak Chinese data

Alina Haynes

Aug 15, 2022 14:53

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AUD/USD decreases near 0.7100, down 0.08% intraday to 0.7120 at press time, as Monday's Asian session's data dump from China proves to be poorer than expected and adds to the cautious market mood. Investors may be uneasy as a result of the minutes from the most recent monetary policy meeting of the Federal Reserve and the Reserve Bank of Australia (RBA) (Fed).

 

Retail sales in China plummeted to 2.7% from 5.0% expected and 3.1% previously, while industrial production (IP) fell to 3.8% from 3.9% previously and 4.0% expected by the market.

 

In an effort to deter bears, the People's Bank of China (PBOC) earlier in the day lowered the one-year medium-term lending facility (MLF) rates by 10 basis points (bps). The market's confidence was further increased by Japan's GDP growth numbers that were better than anticipated. However, the mood towards Sino-American relations is put into question by the growing number of US MPs visiting Taiwan concurrently with US House Speaker Nancy Pelosi's tour to Taiwan.

 

The market's concerns about inflation were eased by weaker readings of the Consumer Price Index (CPI) and the Producer Price Index (PPI) outside of the US. However, in order to manage inflation, Thomas Barkin, president of the Richmond Federal Reserve (Fed) Bank, declared on Friday that he plans to raise interest rates even more. "I'd love to see a period of persistent inflation control, and until that occurs, I believe we will have to boost rates into restrictive zone," Barkin reportedly said to CNBC, according to Reuters. The Fed hawks who continued to support higher interest rates included Presidents Mary Day of the Federal Reserve Bank of San Francisco, Neel Kashkari of the Federal Reserve Bank of Minneapolis, and Charles Evans of the Federal Reserve Bank of Chicago.

 

AUD/USD traders should concentrate on the August NY Empire State Manufacturing Index, which is predicted to be 8.5 versus the previous reading of 1.1, after observing the early market response to China's monthly data dump. The downside is elusive ahead of Tuesday's RBA Minutes, Wednesday's Australia Wage Price Index for the second quarter, and Thursday's Australian jobs report, despite the fact that lower US PMI data could put pressure on the AUD/USD bulls. Aside from the RBA Minutes, news about China and US ties will excite traders of the Aussie pair.

 

A sluggish RSI at the top suggests that AUD/USD bulls are losing steam as the 200-day simple moving average limits immediate AUD/USD gains around 0.7120. As of the time of publication, the price must continue above the last resistance level from late April, or 0.6990, for the bearish movements to materialize.

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