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According to The Information: Googles AI projects are pushing publishers to allow content to be used for training AI models.The Dow Jones Industrial Average rose 71.72 points, or 0.14%, to close at 51,920.62 on Thursday, June 25; the S&P 500 fell 0.33 points, or 0.00%, to close at 7,357.89; and the Nasdaq Composite fell 118.03 points, or 0.46%, to close at 25,358.60.June 26th - U.S. stocks closed Thursday with the Dow Jones Industrial Average initially up 0.14%, the S&P 500 slightly down, and the Nasdaq Composite down 0.46%. Micron Technology (MU.O) rose 15.7%, Qualcomm (QCOM.O) rose 3.7%, and Microsoft (MSFT.O) fell more than 3%. Apple (AAPL.O) fell 6.1%, its market capitalization nearing $4 trillion. The Nasdaq China Golden Dragon Index fell 2.7%, and Alibaba (BABA.N) fell 4.7%.On June 26, Federal Reserve Chairman Williams stated that the current monetary policy stance is well-positioned to restore inflation to the Feds 2% target, while acknowledging risks to achieving its dual mandate. Williams said, "Given that inflation is high, we must sustainably restore it to our 2% long-run target. The current monetary policy stance is fully capable of achieving that." Williams noted that inflation is "undoubtedly high" and well above the Committees 2% target. He expects inflation data to decline slightly in the coming quarters, despite significant risks remaining.Federal Reserves Williams: However, inflation data is expected to decline slightly in the coming quarters. First, the impact of tariffs appears to have largely been priced in; second, the baseline expectation is that supply disruptions related to the Strait of Hormuz will be resolved "relatively quickly." Third, housing-related inflation should continue to slow. Fourth, there is no evidence that the labor market is exacerbating inflationary pressures.

AUD/NZD Price Analysis: Bulls Surpass 1.0790 Resistance Confluence Due To Positive Australian Employment Report

Alina Haynes

Apr 13, 2023 14:19

 AUD:NZD.png

 

AUD/NZD supporters are approaching their highest levels since early March as a result of a four-day uptrend following Thursday morning's release of robust Australian employment data. At the time of publication, the currency pair is accepting bids to reestablish the multi-day high near 1.0810.

 

The Australia Bureau of Statistics (ABS) reported for the month of March that Employment Change increased by 53K compared to 20K expected and 64.6K previously, while the Unemployment Rate remained unchanged at 3.6% compared to expectations of 3.6%. In addition, the Participation Rate rose to 66.7%, exceeding the 66.7% predicted by the market.

 

The AUD/NZD pair surpassed the previous critical resistance confluence surrounding 1.0790, which was comprised of the 100-day moving average (DMA) and a one-month-old downward trend line.

 

The bullish MACD signals and stronger, non-overbought RSI (14) line contribute to the strength of the upside bias.

 

The AUD/NZD bulls are currently positioned to test the 50-day moving average of 1.0824. However, the preceding monthly apex of about 1.0895 and the round number 1.0900 may limit future gains.

 

Alternately, retracement remains elusive until the AUD/NZD pair remains above the support-turned-resistance level of 1.0790.

 

Then, a breach of the upward-sloping trend line from March 5 and the 61.8% Fibonacci retracement level of the pair's run-up from December 2022 to February 2023, located near 1.0705, could give the bears room to maneuver in their subsequent analysis.


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