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On March 18th, the Department of Energy Conservation and Comprehensive Utilization of the Ministry of Industry and Information Technology (MIIT) convened a symposium on the comprehensive utilization of waste tires on March 17th, 2026. Representatives from relevant industry associations, research institutions, and key enterprises attended the meeting. At the meeting, participants focused on tire retreading, recycled rubber, rubber powder, and pyrolysis, introducing the current domestic and international development status of the waste tire comprehensive utilization industry, the innovative application of process technology and equipment, digital transformation, the construction of standard systems, and the promotion and application of recycled products. They analyzed and assessed the opportunities and challenges facing the industrys development during the 15th Five-Year Plan period and proposed policy recommendations to promote the high-quality development of waste tire comprehensive utilization in my country. Next, the Department of Energy Conservation and Comprehensive Utilization will conduct in-depth research on the waste tire comprehensive utilization industry, further strengthen policy guidance, improve relevant standard systems, strengthen industry regulation and management, increase the promotion and application of advanced technologies, and continuously improve the level of waste tire comprehensive utilization.On March 18th, former Japanese Defense Minister Gen Nakatani stated that the USs investment of resources in the Middle East conflict could lead to an imbalance in Japans current security environment, highlighting once again the necessity for Japan to strengthen its own defense capabilities. In particular, the transfer of US military equipment or adjustments to strategic priorities could become factors that disrupt the balance of power in Japans surrounding region. Japan must ensure that such developments do not lead to unforeseen contingencies. We need to address this issue by maintaining and strengthening our own deterrence and capabilities.On March 18th, Tencent Cloud AI Agent Security Center launched the "Credential Sandbox" to address key security issues, ensuring that "the agent never holds the key." According to reports, the Key Sandbox allows agents to complete all cloud API calls without holding any keys. Every operation is fully auditable, and administrators can adjust the agents capability boundaries at any time—granting permissions but not keys.March 18th - According to institutional model scenario analysis, the increasing prevalence of electric vehicles globally will reduce daily oil consumption by 2.3 million barrels by 2025. Analyst Claudio Rubis stated that as more drivers switch to electric vehicles, fossil fuel savings are expected to increase year by year for the remainder of this decade. Under an economic transition scenario (where governments deploy economically viable technologies rather than policies primarily driven by climate goals), daily oil consumption reductions are projected to more than double to 5.25 million barrels by 2030. Two-wheeled and three-wheeled vehicles currently account for the majority of road fuel reductions due to the rapid adoption of electric motorcycles, particularly in developing countries. With the increasing popularity of electric vehicles, they are expected to cut even more oil demand later in this decade. A report by the think tank Ember found that electric vehicles will reduce daily oil consumption by 1.7 million barrels by 2025. Ember analyst Walter stated that the increasing cost competitiveness of electric vehicles relative to gasoline vehicles, coupled with oil price volatility, means that choosing electric vehicles is a wise move for countries hoping to mitigate future shocks.The Hong Kong dollar fell to 7.8390 against the US dollar at one point, its lowest level since August last year.

As a Bearish-Pennant Forms, Sellers Have Entered the NZD/JPY Market

Daniel Rogers

Feb 09, 2023 15:14

NZD:JPY.png 

 

Throughout Wednesday's session, the NZD/JPY pair failed to gain upward/downward momentum, and as Thursday's Asian Pacific session begins, it is meandering at this week's lows. At the time of writing, the NZD/JPY exchange rate was 82.87, which was close to unchanged.

 

The daily chart for NZD/JPY displays the currency pair as neutral to slightly negative, although on Wednesday it failed to gain momentum. A doji appeared at the bottom of the week around 82.65, which may intensify a near-term consolidation. If this scenario plays out, the NZD/JPY will move between 82.65 and 83.00 for the remainder of the session, barring a catalyst that propels the pair above or below the range.

 

The initial upwards barrier for the NZD/JPY would be the 20-day Exponential Moving Average (EMA) at 83.44, followed by the 200-day EMA at 83.85. The weekly lows at 82.65 would provide the next support for the NZD/JPY, followed by the crucial 82.00 level.

 

In the immediate future, the formation of a bearish pennant on the NZD/JPY 1-hour chart indicates that further drops are imminent. A breach of the bottom trendline of the pennant will pave the way for additional losses, with the first leg of the slide targeting the S1 daily pivot at 82.62.

 

Next stop for the New Zealand dollar/Japanese yen downtrend would be the S2 pivot at 82.44, followed by the S3 daily pivot at 82.24.


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