XAUUSD is moving in Descending channel and the market has reached the lower high area of the channel.
Moscow said on Wednesday it would try to retrieve the wreckage of a US military drone that crashed over the Black Sea in a confrontation that Washington blamed on two Russian fighter jets. Russia also warned against hostile US flights as tensions simmered and Russia denied its Su-27 military aircraft had clipped the propeller of the unmanned Reaper drone. Kyiv, meanwhile, countered that the incident over international waters was evidence the Kremlin wants to draw the United States into the conflict in Ukraine.
USDCAD is moving an Ascending channel and the market has reached the higher low area of the channel.
If Japan and the U.S. were to become involved in a conflict between China and Taiwan, they would be able to prevent Beijing’s takeover of the island, but at a heavy cost to their military personnel and equipment, think tank simulations show. The Chinese military established a command center for the Taiwan front capable of deploying all air, submarine and surface vessel capabilities. The U.S. military responded by sending nuclear-powered aircraft carriers and state-of-the-art fighter jets to areas in and around Taiwan.
EURGBP is moving in Descending channel and the market has rebounded from the lower low area of the channel.
The UK has been downgraded in an annual global index of civic freedoms as a result of the government’s increasingly authoritarian drive to impose restrictive and punitive laws on public protests. The Civicus Monitor, which tracks the democratic and civic health of 197 countries across the world, said the UK government was creating a hostile environment towards campaigners, charities, and other civil society bodies. The UK’s willingness to clamp down on civic freedoms such as the right to peaceful assembly means it is now classified as obstructed – putting it alongside countries such as Poland, South Africa, and Hungary.
GBPAUD is moving an Ascending channel and the market has reached the higher low area of the channel.
Heavy rains, which were blamed for some food shortages in Australia, have also given crop exports a boost. The country’s farmers are predicted to see their most valuable year ever. Agricultural exports are forecast to hit a record $75bn (£62.3bn) in the year to the end of June, according to the Australian Bureau of Agricultural and Resource Economics (ABARES). The Ukraine war has pushed up the price of goods including wheat, Australia’s biggest agricultural export. Prices have also been boosted by droughts in other major exporters and the war in Ukraine, which was a major supplier of cereal crops including wheat.
AUDUSD is moving in Descending channel and the market has reached the lower high area of the channel.
A Chinese embassy official asked Australian officials during an Aukus briefing whether the nuclear-powered submarines were intended for sightseeing. It is believed to have been made in the context of Beijing’s longstanding claims that the Aukus deal is a breach of either the letter or spirit of the Nuclear Non-Proliferation Treaty (NPT). The Chinese ambassador, Xiao Qian, was not in attendance at Wednesday’s briefing but this was not unusual because most countries were represented at a lower level than their heads of mission.
AUDCAD is moving in Descending channel and the market has reached the lower high area of the channel.
Australia’s population grew by 1.6 percent in the 12 months to 30 September 2022, according to the latest figures released today by the Australian Bureau of Statistics (ABS). Beidar Cho, head of ABS Demography, said: “Our population on 30 September 2022 is 26.1 million people after we recorded an increase of 418,500 people over the year. That’s 1.6% growth, which is similar to what we saw in the years before the COVID-19 pandemic began.” The natural increase was 114,800 people, a decrease of 18.1 percent from the previous year. There were 302,900 births and 188,000 deaths registered during this time, with deaths increasing by 10.8% mainly due to COVID-19 and births decreasing by 2.3%.
AUDCHF is moving in Descending channel and the market has rebounded from the lower low area of the channel.
Australia’s highest court is deciding whether to award compensation to public housing tenants for disappointment and distress over dilapidated and poor housing, in a case their lawyers say could have ramifications for tenants around the country. Residents in the remote community of Ltyentye Apurte or Santa Teresa, 85km south-east of Alice Springs, led by claimants Enid Young and the now deceased Mr. Conway, have been engaged in a series of long-running legal battles with the Northern Territory government over the poor housing, with the supreme court and court of appeal finding in their favor.
AUDNZD is moving in Descending channel and the market has reached the lower high area of the channel.
A climate protestor jailed in a case that sparked uproar in Australia has had her sentence overturned on appeal. Advocates had argued the decision was disproportionate and part of a broader crackdown on protests in the country. Coco and three others had staged the protest last year to draw attention to the climate emergency. She and others had parked a hired truck on one lane of the bridge, before climbing on top and lighting a flare. She was charged under new New South Wales (NSW) laws which introduced harsher penalties for protests on critical infrastructure – such as roads, rail lines, tunnels and bridges.
NZDUSD is moving in Descending channel and the market has fallen from the lower high area of the channel.
Parts of cyclone-stricken New Zealand could see heavy rains from Thursday as relief and recovery efforts continue and tens of thousands remain without power after Cyclone Gabrielle tore across the country’s North Island last week. The cyclone hit the North Island’s northernmost region and tracked down the east coast, inflicting widespread destruction and killing at least 11 people. Prime Minister Chris Hipkins has called Gabrielle New Zealand’s biggest natural disaster this century.
CADCHF is moving an Ascending channel and the market has reached the higher low area of the channel.
Switzerland is facing pressure from at least one major government to intervene in Credit Suisse in the coming hours given the systemic nature of the bank, a source familiar with the situation told Reuters. The U.S. Treasury said it is monitoring the situation surrounding Credit Suisse and is in touch with global counterparts about it, a Treasury spokesperson said on Wednesday as the bank came under renewed market pressures after a major shareholder ruled out providing new capital.
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