• English
  • 简体中文
  • 繁體中文
  • Tiếng Việt
  • ไทย
  • Indonesia
Subscribe
Real-time News
On April 4, the Yangtze River Delta Railway ushered in the peak of passenger flow during the Qingming Festival. It is expected to send 4.1 million passengers today, 365,000 more than the same period last year, an increase of about 9.8%, and is expected to set a new record for single-day passenger volume. This years Qingming Festival railway transportation will start from April 3 to 7. The Yangtze River Delta Railway is expected to send 17.6 million passengers in 5 days, with an average daily passenger flow of 3.52 million, a year-on-year increase of 6.8%.The yield on the two-year U.S. Treasury note fell to a six-month low of 3.6550% and was last at 3.6611%.On April 4, local time on April 3, U.S. Secretary of Health and Human Services Robert Kennedy Jr. said that about 20% of the layoffs in the Department of Government Efficiency were wrong and needed to be corrected. The U.S. Department of Health and Human Services laid off about 10,000 people on the 1st. Kennedy said that people who should not have been laid off were laid off, and the department is restoring their positions. Kennedy said that canceling the entire lead poisoning prevention and monitoring department of the Centers for Disease Control and Prevention was one of the mistakes. At present, it is unclear what other projects Kennedy may plan to restore.Bank of Japan Governor Kazuo Ueda: Will consider the impact of food costs on consumers.On April 4, local time on the 3rd, the automobile company Stellantis said that due to the impact of the US import automobile tariff policy, the company decided to lay off 900 employees in its five US factories and suspend production operations at two assembly plants in Canada and Mexico. Antonio Filosa, Chief Operating Officer of Stellantis Americas, said that the US factories that were laid off were powertrain and stamping parts factories, which produced spare parts for two assembly plants in Canada and Mexico. According to the plan, the assembly plant in Canada will stop production for two weeks, and the assembly plant in Toluca, Mexico will suspend production throughout April. Filosa said the company is "continuing to evaluate the medium- and long-term impact of tariffs on operations."

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.