• English
  • 简体中文
  • 繁體中文
  • Tiếng Việt
  • ไทย
  • Indonesia
Subscribe
Real-time News
February 15th - The World Health Organization (WHO) issued a statement on the 14th saying that it has received reports of recombinant monkeypox virus strains in recent months, with two patients infected with a new strain resulting from the recombination of branch Ib and branch IIb strains. However, the risk of monkeypox infection in the general population without specific risk factors remains "low".February 15th - The Reserve Bank of India (RBI) has tightened lending rules for companies engaged in proprietary trading of stocks and commodities and providing leveraged services to clients, in the latest move aimed at curbing speculation. In a statement released on its website on Friday, the RBI said all credit to securities firms must be secured by collateral, and loans to clients proprietary trading or brokerage investment businesses will be prohibited. The RBI stated that the so-called prudential rules for capital market intermediaries such as stock and commodity brokers will take effect on April 1st. These stricter measures will increase financing costs for proprietary trading firms and squeeze their profit margins.February 15th - According to reports on the 13th local time, US chocolate prices continue to rise due to factors such as supply shortages in major global cocoa-producing regions, with a year-on-year increase exceeding 14%. Data from the US market research company DataCollection shows that from January 1st to early February this year, US chocolate retail prices rose 14.4% year-on-year. Specifically, chocolate prices in cities like Denver and Los Angeles rose by approximately 17% year-on-year, while the Dallas-Fort Worth area saw a surge of 19%. The rise in US chocolate prices is mainly due to the global shortage of cocoa beans, the core ingredient. West Africa accounts for about 70% of global cocoa bean production, and extreme weather led to poor harvests, pushing cocoa futures prices to historical highs. Although international cocoa prices have recently fallen significantly, the US chocolate market is still digesting previously purchased high-priced raw material inventory, and the upward trend in chocolate prices may continue in the short term.February 15th - According to foreign media reports, the Vietnamese government approved SpaceXs Starlink satellite internet service launch in Vietnam on February 14th. The Vietnamese Ministry of Science and Technology has issued a license to Starlinks local subsidiary, allowing it to provide fixed and mobile satellite internet services. The company has also been granted permission to use radio frequencies and wireless equipment.February 15th – Hong Kong Financial Secretary Paul Chan Mo-po delivered a Lunar New Year message: "In the past year, with the strong support of the nation and the joint efforts of the SAR government and citizens, we have overcome many challenges. Exports performed well, visitor numbers increased, local consumption stabilized, and the international financial center developed steadily, resulting in overall economic stability and progress. Looking ahead to the new year, the external environment is challenging, but it will also present many new opportunities. We will actively strive for economic development, consolidate and enhance traditional advantageous industries, while exploring new markets and developing emerging industries. We will vigorously attract businesses and gather talent, ensuring that the fruits of diversified development better benefit the citizens. This year marks the beginning of the 15th Five-Year Plan, and we will more actively integrate into and serve the overall development of the nation, leveraging our strengths to serve the countrys needs."

AUD/USD RBA Continuation of the upswing is predicated upon breaching the 0.7045-50 resistance area

Daniel Rogers

Aug 02, 2022 15:08

 截屏2022-08-02 上午9.52.31.png

 

The MACD and RSI indicators favor purchasers, but the RBA controls the market. AUD/USD trades between 0.7025 and 0.7030 during the midday Asian session on Tuesday. Traders anticipate the Reserve Bank of Australia's (RBA) Interest Rate Decision as the Aussie pair flirts with a significant northward resistance level.

 

In addition to the confluence of the 100-day exponential moving average (EMA) and the downward sloping trend line from April 20, AUD/USD bulls face the risk that the RBA may refrain from making too aggressive statements due to widespread recession concerns.

 

Notably, the early MACD signals and the RSI (14), which are not overbought, encourage AUD/USD buyers. Continuous trading above April's downward-sloping resistance line, which is currently 0.6910 support, is on the same line.

 

Should the downward swings push the quote below 0.6910, the mid-June and May lows of 0.6850 and 0.6830, respectively, will test the pair's further slide before reversing to the yearly low of 0.6680.

 

In contrast, a successful break over the 0.7050 resistance level requires confirmation from the June 16 swing high around 0.7070 prior to driving AUD/USD prices towards the 50 percent and 61.8 percent Fibonacci retracement levels of the April-July drop, near 0.7175 and 0.7300, respectively.