EUR/USD 1.18685
-0.015%
Gold 4986.04
1.307%
Oil 62.636
-0.177%
USD/JPY 153.155
0.276%
GBP/USD 1.36195
-0.017%
GBP/JPY 208.594
0.269%
Browse More
  • English
  • 简体中文
  • 繁體中文
  • Tiếng Việt
  • ไทย
  • Indonesia
Subscribe
Real-time News
On February 13th, Futures News reported that regarding refining costs, crude oil prices rose due to geopolitical risk premiums, resulting in high refining costs. Gasoline wholesale prices rebounded before the holiday, leading to a corrective improvement in the gasoline refining spread. Diesel demand remained weak, with wholesale prices hovering at low levels, causing the diesel refining spread to continue declining. As of the crude oil closing price on February 11th: the domestic gasoline refining spread was 791.74 yuan/ton, a rebound of 63.23 yuan/ton compared to the end of January; the domestic diesel refining spread was 214.31 yuan/ton, a decrease of 51.54 yuan/ton compared to the end of January. The high crude oil costs are unlikely to diminish their suppressive effect on gasoline and diesel refining spreads in the future.February 13th - The National Hydrogen Energy Storage and Transportation Equipment Quality Inspection and Testing Center (Guangdong) has recently received formal approval from the State Administration for Market Regulation for its establishment. The Guangdong Provincial Special Equipment Inspection and Research Institute (Guangdong Provincial Special Equipment Accident Investigation Center), under the Guangdong Provincial Administration for Market Regulation, is responsible for its construction. The establishment of this center is an important measure by the State Administration for Market Regulation to promote the construction of a manufacturing powerhouse and a quality powerhouse, marking a new stage in the high-quality development of the hydrogen energy industry in South China. Located in Foshan, a hydrogen energy industry cluster, the center will provide crucial support for the safe development, technological innovation, and standard setting of the hydrogen energy industry in the Guangdong-Hong Kong-Macao Greater Bay Area and even nationwide.Japanese Finance Minister Satsuki Katayama: The next fiscal budget is likely to be very different from previous budgets.Japanese Finance Minister Satsuki Katayama: (in response to comments from Japanese Prime Minister Sanae Takaichi regarding past policies being overly restrictive) Previous budgets did not take into account rising prices and labor costs.Hong Kong-listed AI application stocks showed divergent trends again. Haizhi Technology (02706.HK) surged over 224% on its first day of trading, Zhipu (02513.HK) rose over 13.5%, accumulating a 125% gain this week, and MINIMAX-WP (00100.HK) rose over 10%, accumulating a 42% gain this week. Both stocks total market capitalization exceeded HK$210 billion, and MicroPort Robotics (02252.HK) rose over 9%. On the other hand, Tencent Music (01698.HK) fell over 9.5%, Mobvista (01860.HK) fell over 5%, Meitu (01357.HK) fell over 4%, and Baidu (09888.HK), Meituan (03690.HK), and Kingsoft Cloud (03896.HK) all fell over 3%.

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.


Suggestion