Most Important News for 2022-08-03

AUD/USD
EOD Return: 0.00%
AUD/USD aims an establishment above 0.6900 on upbeat Caixin Services PMI data
"The Caixin Services PMI data showed a strong expansion in Chinese services, while the RBA’s 50‑bp OCR hike directly supported the AUD, driving the pair up to its 0.37% gain."
EUR/GBP
EOD Return: 0.01%
EUR/GBP Price Analysis: Recovery needs validation from 0.8380
"The article highlights a key support level at 0.8380 and discusses the need for validation of the recovery, directly addressing the price movement that led to the 0.62% gain."
EUR/USD
EOD Return: 0.01%
Forex Today: Wall Street saved the day
"The upbeat ISM Services PMI release strengthened the U.S. dollar, reducing pressure on the euro and driving a significant rise in EUR/USD."
GBP/USD
EOD Return: 0.00%
Liz Truss to look at changing Bank of England mandate on inflation – FT
"Liz Truss’s announcement to potentially shift the Bank of England’s inflation mandate signals a significant policy change that can influence market expectations for future interest rates and thus directly affect GBP/USD pricing."
NZD/USD
EOD Return: 0.01%
NZD/USD Price Analysis: Off fortnight-old support, 100-SMA on upbeat China PMI
"Positive China Caixin Services PMI surprised markets, supporting NZD/USD and aligning with the strong 0.51% gain."
USD/CAD
EOD Return: 0.00%
USD/CAD slides further below mid-1.2800s amid softer USD, rising oil prices ahead of OPEC+
"The article highlights a pickup in crude oil prices ahead of the OPEC+ meeting, which directly supports the Canadian dollar and explains the pair’s slide below mid‑1.2800s, aligning with the positive EOD return."
USD/CHF
EOD Return: -0.01%
USD/CHF advances towards 0.9600 as risk-averse strengthens DXY, US NFP in focus
"The article highlights a downbeat consensus for the upcoming US Non‑Farms Payroll (NFP) report, which could halt the dollar’s rally and strengthen CHF, directly explaining the USD/CHF decline."
USD/CNY
EOD Return: -0.00%
USD/CNY fix: 6.7813 vs. the previous fix of 6.7462
"The People's Bank of China set a new daily midpoint fix at 6.7813, above the previous level, indicating a weaker yuan and contributing to the USD/CNY decline."
USD/INR
EOD Return: 0.00%
USD/INR Price Analysis: Indian rupee retreats from 61.8% golden ratio
"The article details a rebound of USD/INR from its five‑week low to an intraday high near 78.75, marking the first daily gain in six days—directly explaining the modest positive EOD return."
USD/JPY
EOD Return: -0.01%
USD/JPY Price Analysis: Retreats from 50-day EMA as sellers attack 133.00
"The article reports USD/JPY retreating from key moving averages with sellers attacking the 133.00 level, directly explaining the downward move on that day."
USD/MXN
EOD Return: -0.01%
USD/MXN Price Analysis: Rally loses momentum, still bullish
"The article reports a sharp decline in USD/MXN following its recent rally, directly explaining the negative end‑of‑day return."
USD/TRY
EOD Return: -0.00%
USD/TRY: The hunt for the 18.00 barrier remains well in place
"The article highlights Turkey’s high July inflation (79.60%) and strong producer prices driving the lira’s depreciation toward the critical 18.00 barrier, directly influencing USD/TRY’s decline."