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On August 1st, Japans Ministry of Finance posted on the social media platform X that the Japanese monetary authorities have multiple tools at their disposal to meet market liquidity needs. These tools include, as appropriate, the use of the Federal Reserves Standing Repurchase Facility (FIMA), which accepts U.S. Treasury securities as collateral to provide temporary dollar liquidity. The Ministry of Finance stated, "We are prepared to utilize available tools as needed to support the orderly functioning of the market."August 1st - According to reports from the United States on July 31st, July this year is expected to be the hottest month on record in the continental United States. Meanwhile, a new "heat dome" is forming in the western United States, and the high temperatures are expected to continue. It is reported that as of July 29th, the average temperature in the United States this July was about 1.4 degrees Celsius higher than the average for the same period from 1991 to 2020. Although the final average temperature data for July will not be released until early August, media predictions suggest that this figure could break the record set in July 2012, making July this year the hottest month on record in the continental United States.Japans Ministry of Finance: Monetary authorities have a wide range of tools to address market liquidity needs.On August 1st, the South Korean National Assembly passed an amendment to the Criminal Procedure Act on July 31st, abolishing the prosecutors authority to conduct direct and supplementary investigations. This is another legislative measure in South Koreas push for reform of the prosecutorial system. The National Assembly passed the amendment with 175 votes in favor, 2 against, and 1 abstention. According to the amendment, the prosecutors office will no longer have the authority to conduct direct investigations, nor may it conduct supplementary investigations on its own. If a prosecutor believes a case requires further investigation, they can only request the judicial police to conduct supplementary investigations.August 1st - According to the Japan Meteorological Agency, a magnitude 5.8 earthquake struck off the coast of Aomori Prefecture, Japan, at approximately 11:48 AM local time today (August 1st). The maximum tremor was felt at intensity 4, and the epicenter was at a depth of 80 kilometers. There is no risk of a tsunami.

AUD/USD The 20-day exponential moving average (EMA) will continue to serve

Daniel Rogers

Jul 12, 2022 14:45

 截屏2022-07-12 上午9.51.02.png

 

The movement of the AUD/USD pair is volatile during the Asian session. The asset was auctioned in the region of 0.6732 to 0.6746 with a sluggish increase in the US dollar index (DXY). Monday saw little improvement in the major as it lost the important support level of 0.6760. The asset's value dropped to 0.6716, a fresh two-year low.

 

The Darvas Box pattern breaks, increasing the volatility of the counter. The aforementioned chart pattern has grown since July's first trading session inside a wider range of 0.6761-0.6900.

 

Negative filtering is strengthened around 0.6827 by a bearish cross of the 20-period and 50-period Exponential Moving Averages (EMAs).

 

Further losses are expected as the Relative Strength Index (RSI) (14) has shifted into the negative territory between 20.00 and 40.00. There are no divergence or oversold circumstances present in the momentum oscillator RSI (14) reading.

 

The dollar bulls will push the asset to its 29 May 2020 top of 0.6683 if it drops below Monday's low of 0.6713. If the latter limit is crossed, the asset will reach its top on April 30, 2020, at 0.6570.

 

In contrast, if the asset breaks beyond the July 5 high of 0.6896, the dollar bulls may lose their grip. A similar occurrence would drive the asset to its peak on June 30 at 0.6920 and then to its peak on June 28 at 0.6965.


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