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On April 30th, it was reported that the special campaign to address "AI-modified" videos, launched in January 2026, has yielded positive results, as per the work plan. To further consolidate these achievements, the campaign has been ongoing since February 1st through a regular and institutionalized long-term mechanism. The State Administration of Radio and Television has supervised major online audiovisual platforms to further deepen the implementation of their primary responsibilities, strengthen daily inspections, and focus on cleaning up illegal videos based on classic films and television works such as the Four Great Classical Novels, historical themes, revolutionary themes, and heroic figures that have been "AI-modified," while simultaneously cleaning up various cult animations, continuously creating a healthy online audiovisual ecosystem. Some key online audiovisual platforms have announced their handling results for April, reporting the removal of over 11,000 illegal videos and the handling of over 10 illegal accounts.On April 30th, Russian Deputy Prime Minister Novak stated that the UAEs decision to withdraw from OPEC will not trigger a price war because the conflict with Iran restricts oil-producing countries ability to release supply. The UAEs announcement this week of its withdrawal from OPEC has raised questions about the alliances future and its ability to manage oil prices through supply adjustments. Given that UAE officials have signaled increased production, there are concerns that its withdrawal could ultimately pave the way for a battle for market share. Novak said on Thursday, "Whats the point of talking about a price war when theres a shortage in the current market?" He stated that with the crucial Strait of Hormuz practically closed, "a large amount of oil is currently unable to enter the market, and demand is clearly higher than supply." Novak indicated that Russia and Saudi Arabia have not yet discussed the UAEs decision and reiterated that Russia has no intention of withdrawing from the OPEC+ alliance.Germanys seasonally adjusted unemployment figures and unemployment rate for April, as well as the preliminary value of the unadjusted annual GDP growth rate for the first quarter, will be released in ten minutes.Ukrainian President Zelenskyy: I have instructed my representatives to contact the US Presidents team to clarify the details of Russias proposal for a short-term ceasefire. Our proposal is for a long-term ceasefire, providing the people with reliable and guaranteed security, and lasting peace.April 30th - As the impact of the Iran war makes the transition more profitable, an increasing number of "clean tankers" that previously transported fuels such as diesel and gasoline are now converting to "dirty tankers" that transport crude oil. Data from the ship tracking platform Signal Ocean shows that 68 LR2 tankers have been converted to transport crude oil so far this year, compared to 49 for the whole of 2025. The LR2 is the largest type of vessel used for transporting refined petroleum products, with a capacity similar to Aframax tankers, one of the smallest crude oil carriers, with a maximum capacity of 800,000 barrels. This conversion trend began at the end of last year when increased demand for crude oil carriers, driven by rising demand for floating storage and consolidation in the tanker market, pushed up related freight rates. The impending closure of the Strait of Hormuz has further accelerated this trend. Georgios Sakellariou, a chartering analyst at Signal Maritime, stated that the collapse of crude oil production and refining capacity in the Persian Gulf region means that the main loading hubs for LR2 tankers are no longer usable. Signal data shows that approximately 296 LR2 tankers are currently transporting crude oil, accounting for two-thirds of the global fleet of this type, the highest proportion since 2019. The difference in time charter equivalent earnings between Aframax and LR2 is one of the main factors driving this transformation. As crude oil buyers scramble for cargo and major refiners cut exports, Aframaxs profitability relative to LR2 improved significantly in March.

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

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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.


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