EUR/USD 1.18411
-0.079%
Gold 4957.89
-0.666%
Oil 63.356
-0.329%
USD/JPY 153.114
-0.260%
GBP/USD 1.36092
-0.147%
GBP/JPY 208.379
-0.394%
Browse More
  • English
  • 简体中文
  • 繁體中文
  • Tiếng Việt
  • ไทย
  • Indonesia
Subscribe
Real-time News
The bid-to-cover ratio for Japans 5-year government bond auction was 3.10, the lowest level since August 2025.ExxonMobil Australia (XOM.N) said it has taken steps to either not use specific benefit claims or to cover up or remove such claims when not using “synergistic” fuel.February 17th - According to the State-owned Assets Supervision and Administration Commission of the State Council (SASAC), in recent years, SASAC has been committed to promoting the integrated development of technological innovation and industrial innovation, guiding central enterprises to accelerate the commercialization of scientific and technological achievements, promoting the deep integration of the industrial chain and innovation chain, and contributing to the development of new-type productive forces. It is understood that in the next step, central enterprises will focus on the deep integration of technological innovation and industrial innovation, prioritizing three aspects: increasing efforts in technological breakthroughs to solidify the technological foundation for high-quality development; strengthening forward-looking planning in industry to promote the industrialization of future technologies and the future-oriented development of key areas; and accelerating precise matching in the transformation process, speeding up the construction of intelligent service platforms for the commercialization of achievements, continuously promoting the construction of pilot-scale testing capabilities and service openness, and accelerating the transformation of scientific and technological achievements into real productive forces.Market news: ExxonMobil (XOM.N) has reached a settlement with the Australian Competition and Consumer Commission regarding the use of the "Synergy" brand at nine gas stations in Queensland.February 17th - The third round of trilateral talks between Russia, the United States, and Ukraine will be held today (February 17th) in Geneva, Switzerland. According to Swiss sources, the talks will be held behind closed doors, and the media will not be allowed inside. Russian Presidential Press Secretary Dmitry Peskov stated on February 16th that this round of talks will discuss a wider range of issues, including territorial disputes. There are also reports that bilateral contacts between Russian and Ukrainian representatives are possible during the talks.

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

Daniel Rogers

Aug 09, 2022 14:58

 截屏2022-08-09 上午10.12.13.png

 

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.


Suggestion