EUR/USD 1.16904
-0.245%
Gold 4523.69
-1.888%
Oil 102.352
3.118%
USD/JPY 157.253
0.125%
GBP/USD 1.35307
-0.310%
GBP/JPY 212.748
-0.199%
Browse More
  • English
  • 简体中文
  • 繁體中文
  • Tiếng Việt
  • ไทย
  • Indonesia
Subscribe
Real-time News
May 5th - According to three sources familiar with the matter, US intelligence assessments indicate that the timeline for Iran to develop nuclear weapons has remained unchanged since last summer. At that time, analysts estimated that the joint US-Israeli strikes had delayed this timeline by up to a year. This unchanged timeline suggests that effectively stopping Irans nuclear program may require the destruction or removal of Irans remaining stockpile of highly enriched uranium (HEU). The sources stated that US intelligence agencies concluded before the 12-day war in June of last year that Iran was likely to produce enough weapons-grade uranium to build a nuclear weapon within three to six months. Following the June airstrikes, US intelligence assessments pushed this timeline back to approximately nine months to a year.According to the Wall Street Journal, "Big Short" Michael Burry has sold off his entire stake in GameStop (GME.N), after GameStop announced its intention to acquire eBay (EBAY.O).Bank of Canada Governor Macklem: With Federal Reserve Chairman nominee Warsh now serving as Chairman of the Federal Reserve, I believe the Feds culture and behavior will continue as they have been.US President Trump: Hundreds of millions of barrels of oil are flowing out of Venezuela.On May 5th, New York Federal Reserve President Williams stated that the Feds current accommodative stance reflects the likely long-term direction of monetary policy, while inflation dynamics have not yet reached the point where a rate hike needs to be discussed. Speaking to reporters after a speech in New York City, Williams said, "I dont see any indication from todays data that a rate hike is necessary in the near term." However, he added that given the current level of uncertainty, he believes "we cannot yet provide clear guidance on the direction of interest rates at the next few meetings."

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