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On August 18, in response to the drone explosion at a bus stop near the Zaporizhia nuclear power plant, Russian Foreign Ministry spokeswoman Maria Zakharova issued a statement saying that the attack was carried out by Ukraine to obstruct the planned visit of International Atomic Energy Agency (IAEA) Director General Grossi to the Zaporizhia nuclear power plant from August 20 to 21. Zakharova said that Ukraines continued attacks on the Zaporizhia nuclear power plant and its staff, including this attack on a vehicle carrying representatives of the IAEA Secretariat, prove that its crimes are "endless." Zakharova also stated that the continued political support from Western countries to Ukraine has led to these repeated incidents and has encouraged Ukraine to take "more reckless new actions," creating a nuclear disaster threat that could have "catastrophic consequences" for the world.Israel Defense Forces: The IDF attacked Hamas commanders in the Shati region of northern Gaza Strip who were planning terrorist attacks against IDF forces.On August 18, Russian Ambassador to Sweden Sergei Belyaev stated that Swedens detention of multiple cargo ships serving Russian interests since the end of 2025 is politically motivated and violates international maritime law. Belyaev told RIA Novosti that Sweden primarily charges the crews of these ships with "false flags," but has failed to present any "substantive charges." In fact, this move is intended to pressure commercial operators serving Russias foreign trade. Documents obtained earlier this month by AFP from a Swedish court show that Sweden will transfer a previously detained cargo ship to Ukraine, which is accused of transporting grain from "Russian-occupied territory."According to Interfax news agency, Russian President Vladimir Putin said that Russia and Myanmar have discussed hydrocarbon production.August 18th - According to Al Jazeera, US officials stated that Trump has instructed his team not to negotiate with Iran until Iran is ready to sign an agreement. The official stated that positive discussions have taken place with Iran, but Trump has decided to wait. Furthermore, the governments statements regarding negotiations with Iran are consistent.

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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