On the other hand, Bearish traders may find support at 81.13 in the coming trading sessions.
AUD/JPY 4 hourly chart
(Source: Fxstreet)
General Advice Warning
Any advice/ information provided is general in nature only and does not take into account the personal financial situation, objectives or needs of any particular person.
CleanTech Acquisition raised $150 million by issuing 15 million units at $10 by targeting the CleanTech and ClimateTech sectors. One share of common stock, one right to obtain one-twentieth of a share upon completion of an initial business combination, and one-half of a warrant, exercisable at $11.50, are included in each unit.
CleanTech Acquisition intends to list on the New York Stock Exchange under the ticker name CLAQU. Chardan Capital Markets acted as the deal’s sole book runner.
Company Profile
Eli Spiro is the CEO and Director of the company who is the co-founder and CEO of boutique investment banking firm Axxcess Capital Partners, and Chairman Jon Najarian who is the co-founder of individual investing education platform Market Rebellion, both leads the company.
It is an internet platform that connects businesses with potential customers, strategic partners, and investors. The company provides i3, an online platform that allows businesses to build and manage their pipelines, market their technology interests to start-ups around the world, and gain insight into various industries, as well as advisory services related to product and service design for CleanTech businesses.
(Source: NASDAQ.com)
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Any advice/ information provided is general in nature only and does not take into account the personal financial situation, objectives or needs of any particular person.
Currently, Daily High is 81.749 while daily low is 81.456.
A bearish crossover between the 20- and 50-day SMAs suggests a near-term technical tendency to the downside.
The 200-day SMA, on the other hand, is approaching, and it could reintroduce the main upward trend as critical support.
(Source: FX Street)
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Any advice/ information provided is general in nature only and does not take into account the personal financial situation, objectives or needs of any particular person.
The Membership Collective Group sells subscriptions to a variety of restaurants and social groups across the world.
Soho Houses are the company’s core locations, which are designed to be collaborative, creative spaces for writers, artists, performers, entrepreneurs, directors, designers, and producers.
A group of influential creatives and innovators who represent the local area selects the members of each Soho House.
Other locations offered by Membership Collective Group include the work-oriented Soho Works, The Ned in London, and Scorpios Beach Club in Mykonos.
Company Profile
Membership Collective Group Inc. is a global membership platform. The Company offers platform of physical and digital spaces that connects a diverse group of members to work, socialize, and flourish all over the world. Membership Collective Group serves customers worldwide.
(Source: NASDAQ)
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Any advice/ information provided is general in nature only and does not take into account the personal financial situation, objectives or needs of any particular person.
High interest rates in India attract foreign investors to earn high returns for their savings which increases demand & value of the Rupee against AUD and vice versa. Presently the cash rates are 8.5% and 2.25% for Reserve Bank of India and Reserve Bank of Australia respectively.
Inflation is general price rise over a period of time. A prices rise will buy you less i.e. it erodes the value of money over time. Presently India is facing high inflation of about 5.5% to 8.5% which decreases the demand for Rupees. And Australia facing relatively low inflation approx to 1.3% creates safer option to invest for the investor and increases demand for the AUD but the Rupee falls. Investors’ confidence changes with political stability affecting the price of currency which causes the decrease in value of the Indian currency against the AUD.
Rise in exports for a foreign country appreciates the value of currency of the country. If we import from Australia the payment has to be done in Australian dollars which increases the value and demand for AUD. And opposite is the case with increase in imports i.e. it will devalue the local currency. And this difference between the imports and exports for the country is termed as Balance of Payment. If the imports are greater than exports then, local currency will fall and vice versa.
India and Australia are negotiating a free trade deal that would allow goods to flow freely between the two countries without additional taxes, tariffs or import quotas. This would help in balancing import/export imbalances. As a result, the currency is anticipated to be more stable.
(Source: Orbitremit)
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Any advice/ information provided is general in nature only and does not take into account the personal financial situation, objectives or needs of any particular person.
Meanwhile, before aiming for the monthly declining trend line near 83.50, the corrective bounce will have to clear the 82.80 immediate barriers.
The late May low near the 84.00 round figure is also acting as a major upside hurdle.
To sum up, the AUD/JPY remains under pressure, although bearish are waiting for confirmation of even more losses.
(Source: Fxstreet)
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Any advice/ information provided is general in nature only and does not take into account the personal financial situation, objectives or needs of any particular person.
AUD/JPY Daily Chart
The price is in a negative trend, and given the recent pullback, which has started to lose steam, there is a chance that the trend will continue to the downside.
Current high is at 82.251 and current low is 81.881.
(Source: FX Street)
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Any advice/ information provided is general in nature only and does not take into account the personal financial situation, objectives or needs of any particular person.
After the largest virus infections since September, Australian policymakers tighten activity restrictions in crucial locations, such as New South Wales, while also indicating that lockdowns will be extended for a few weeks.
On the other side, Japanese officials have already extended the Tokyo emergency and are prepared to provide free vaccine passports, not to mention hold no-spectator Olympics, in order to deflect criticism of holding a sporting event in the midst of a pandemic.
Alternatively, UK diplomats continue to work on a July 19 unlock date, while US health officials deny the necessity for Pfizer booster shots for fully vaccinated Americans.
Stock futures are actually moving near the record high, while shares in Australia and Japan have gained 0.50 percent and 0.78 percent, respectively, as of press time. The 10-year Treasury yields in the United States have remained firmer for the third day in a row.
Moving on, the conflicting headlines and China’s June trade data may entice intraday traders. However, the Bank of Japan’s (BOJ) monetary policy meeting this week will be closely watched, as officials may reduce economic predictions in the wake of the virus’s recovery, putting pressure on the Japanese yen (JPY).
(Source: FX Street)
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Any advice/ information provided is general in nature only and does not take into account the personal financial situation, objectives or needs of any particular person.
But, there seems to be a strong resistance above that should and most likely will come into play. After all, Australia is strengthening its lock down and is unlikely to reopen anytime soon, so the Australian dollar should continue to be weighed down over time.
Moreover, there is still a rising “risk off” mindset which supports the greenback around the world.
The psychological impact of the 0.75 level is very significant, so all things being equal, and a belief that market that will find reasons to collapse.
If this pair drops to the 0.70 level in the coming months based on longer-term technical analysis, there would be any surprise.
(Source: FXEMPIRE)
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Any advice/ information provided is general in nature only and does not take into account the personal financial situation, objectives or needs of any particular person.
The resistance level can be seen at 0.7462, further uplifted to 0.7476, 0.7513, and 0.7533. While the fresh support level can be seen at 0.7413 & 0.7372 and breakdown further at 0.7339 & 0.7282 and so on.
The RSI (relative strength index) was marked at 39.64.
Bears are exerting pressure on critical levels at 0.7417/13, and a clear break here would confirm the bearish signal and pave the way for a deeper drop.
(Source: Fxstreet)
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Any advice/ information provided is general in nature only and does not take into account the personal financial situation, objectives or needs of any particular person.
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