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TankerTrackers, a tanker tracking agency, reported that in April 2026, 25 oil tankers departed from Iran carrying crude oil. Of these, 7 were quickly redirected back to Iran by the United States from the Arabian Sea/Indian Ocean, 2 were seized by the United States in the Indian Ocean, and 1 reached the Far East.May 3 - According to the Financial Times, the USs obstruction of the worlds first decarbonization framework for the shipping industry has stalled, with countries agreeing to postpone a decision until later this year and allow for alternative proposals. International Maritime Organization (IMO) negotiators stated that the framework would be the first to price global shipping carbon emissions, but negotiations to advance it have stalled over the past week and will now adjourn. The US argues that the framework is merely a "global version" of the EUs "highly unpopular" emissions trading system, with consumers bearing the majority of the costs. The US Federal Maritime Commission stated, "The United States will explore all possible remedies to protect American consumers from the controversial and unnecessary global carbon tax."Japanese Prime Minister Sanae Takaichi: At the same time, I also hope to have a frank and serious exchange of views on the regional situation and the current severe international situation, and to reaffirm the cooperative relationship between the two countries.Japanese Prime Minister Sanae Takaichi: I hope to discuss cooperation with Australian Prime Minister Barnes in a wide range of areas, including economic security (covering critical mineral and energy security), the economy, and security and people-to-people exchanges that have formed the foundation of the strong Japan-Australia relationship in recent years.Japanese Prime Minister Sanae Takaichi: This year marks the 50th anniversary of the signing of the Japan-Australia Treaty of Friendship and Cooperation. Against the backdrop of an increasingly challenging regional security environment, the unbreakable friendship established with Australia becomes all the more important.

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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