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The China Earthquake Networks Center automatically determined that an earthquake of approximately magnitude 3.5 occurred near Liunan District, Liuzhou City, Guangxi Province at 07:41 on May 18. The final result is subject to the official rapid report.On May 18th, according to foreign media reports, soybean oil futures on the Chicago Board of Trade (CBOT) continued to decline in the week ending May 15, 2026, with the benchmark contract closing down 0.6%, mainly reflecting lower prices for Chicago soybeans and other vegetable oils, as well as weak soybean oil export sales. However, international crude oil futures rebounded, and soybean oil inventories were lower than expected, providing a bottom support for the market. This week, Malaysian palm oil fell 1.8%, and Canadian canola fell 2%; Brent crude rose 7.87%. The soybean oil/fuel oil spread was 152.37 cents, compared to 157.83 cents a week earlier, reflecting continued improvement in biofuel margins. Calculations based on the USDAs weekly crush report showed that for the week ending May 8, 2026, the US soybean crush margin was $4.89 per bushel, down 7.39% from a week earlier. According to the monthly crush report from the National Oilseed Processors Association (NOPA), soybean oil stocks stood at 1.947 billion pounds at the end of April, down 4.5% from March, slightly below market expectations, but up 27.5% from the same period last year.According to foreign media reports on May 18th, commodity funds were net sellers of CBOT corn, wheat, and soybean futures contracts, while net buyers of CBOT soybean meal and soybean oil futures contracts on Friday. Specifically, they were net sellers of 12,000 soybean futures contracts.The UKs Rightmove average house asking price index rose 1.2% month-on-month in May, compared with 0.80% in the previous month.Australian Treasurer Charles Chalmers has issued orders to six shareholders to divest their stakes in Northern Minerals. This decision is entirely in line with the recommendations of the Treasurer and the Foreign Investment Review Board, aimed at protecting national interests and ensuring compliance with Australias foreign investment framework.

The EUR/USD rise is getting close to 1.0200 as investors await US inflation data

Daniel Rogers

Aug 09, 2022 14:58

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The EUR/USD moves in the 1.0200 range during Tuesday's Asian session after falling from 1.0221 as traders look for fresh data. The major currency pair gained over the first part of the week but lost some of those gains by Monday's close. Recent price fluctuations, however, seem to be constrained by a lack of noteworthy data or events and a cautious attitude ahead of Wednesday's release of the US Consumer Price Index (CPI) for July.

 

Gains in the EUR/USD the day before are shown by higher readings of the Eurozone Sentix Investor Confidence Index and a drop in US Treasury yields. The primary sentiment indicator Index, however, increased in August from -26.4 to -25.2, which was projected to be the value. According to specifics, the eurozone's present state has improved from this month's lowest position since March 2021, when it was -16.5, to -16.3. The expectations index is at its lowest level since December 2008, despite a little increase to -33.8. It is still very close to that level. The US Dollar Index (DXY), in contrast, saw a daily decrease of 0.19 percent to 106.37.

 

The moderate Azione's resignation from the newly formed alliance ahead of the September elections looks to have put negative pressure on the Euro elsewhere due to Italian political worries.

 

The moderate Azione has backed out of its coalition with the Democratic Party and the +Europe party after only agreeing to do so last week. According to party leader Carlo Calendar, "the parts didn't fit." According to Reuters and Market News Publishing US, the alliance was formed in an effort to stop a more conservative government from taking office after the election on September 25.

 

Notably, gains in the EUR/USD the day before appeared to have been constrained by US President Joe Biden's displeasure of China's efforts to retake Taiwan and his censure of House Speaker Nancy Pelosi's trip to Taipei.

 

These actions caused the 10-year US Treasury rates, which had increased by 14 basis points (bps) the day before, to fall by around seven basis points (bps) to 2.75 percent. Wall Street also started Monday's trading day on a positive one before ending on a mixed note, albeit as of press time, S&P 500 Futures are showing minor gains.

 

Participants in the EUR/USD market may be interested in the second quarter's (Q2) US Nonfarm Productivity and Unit Labor Costs data. Forecasts suggest that US Nonfarm Productivity may rise to -4.6% from -7.3%, while Unit Labor Costs may decrease to 9.5% from 12.6%. The news regarding Taiwan and Russia will also be important for determining direction.


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