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On September 15th, data from the National Bureau of Statistics showed that in August, the year-on-year decline in new residential property prices in first-tier cities was 0.9%, a decrease of 0.2 percentage points compared to the previous month. Specifically, prices in Beijing, Guangzhou, and Shenzhen fell by 2.3%, 1.9%, and 2.3% respectively, while Shanghai saw an increase of 3.0%. In second- and third-tier cities, the year-on-year declines in new residential property prices were 2.7% and 4.1% respectively, both narrowing by 0.1 percentage points. In August, the year-on-year decline in existing residential property prices in first-tier cities was 2.7%, a decrease of 1.0 percentage point compared to the previous month. Specifically, prices in Beijing, Shanghai, Guangzhou, and Shenzhen fell by 3.5%, 0.8%, 3.8%, and 2.7% respectively. In second- and third-tier cities, the year-on-year declines in existing residential property prices were 4.9% and 5.6% respectively, both narrowing by 0.2 percentage points.New Residential Housing Prices: 1. Beijing: August new residential housing prices -0.2% month-on-month (previous value -0.3%), -2.3% year-on-year (previous value -2.3%). 2. Shanghai: August new residential housing prices +0.4% month-on-month (previous value +0.2%), +3.0% year-on-year (previous value +3.0%). 3. Guangzhou: August new residential housing prices +0.1% month-on-month (previous value +0.1%), -1.9% year-on-year (previous value -2.2%). 4. Shenzhen: August new residential housing prices +0.2% month-on-month (previous value +0.2%), -2.3% year-on-year (previous value -2.9%). Second-hand Residential Housing Prices: 1. Beijing: August second-hand residential housing prices -0.1% month-on-month (previous value 0.0%), -3.5% year-on-year (previous value -4.5%). 2. Shanghais existing home prices in August increased by 0.3% month-on-month (previous value +0.3%) and decreased by 0.8% year-on-year (previous value -2.0%). 3. Guangzhous existing home prices in August remained unchanged month-on-month (previous value +0.4%) and decreased by 3.8% year-on-year (previous value -4.7%). 4. Shenzhens existing home prices in August increased by 0.1% month-on-month (previous value +0.2%) and decreased by 2.7% year-on-year (previous value -3.6%).National Bureau of Statistics: Beijings second-hand housing prices in August decreased by 0.1% month-on-month (previous value +0%) and decreased by 3.5% year-on-year (previous value -4.5%).According to the National Bureau of Statistics, the price of second-hand residential properties in Shenzhen rose 0.1% month-on-month in August (up 0.2% in the previous month) and fell 2.7% year-on-year (down 3.6% in the previous month).September 15th - The 2026 China Carbon Market Conference was held in Wuhan, Hubei Province this morning, and the "National Carbon Market Development Report (2026)" was released at the conference. Reporters learned that as of the end of August, the national carbon emission trading market had accumulated transactions exceeding 900 million tons, with a transaction value exceeding 60 billion yuan. The national carbon market has grown from nothing to a significant stage, playing a crucial role in promoting the achievement of carbon peaking and carbon neutrality goals.

NZD/JPY Price Analysis: Falls to 84.40 as RBNZ inflation forecasts fall

Alina Haynes

Aug 08, 2022 11:55

 截屏2022-08-08 上午11.50.52.png

 

The NZD/JPY pair surpassed the immediate hurdle of 84.62 during the Asian session, but has since retreated back into the woods due to an unexpected decline in Reserve Bank of New Zealand (RBNZ) inflation forecasts. The economic data has been provided at a rate of 3.07 percent, which is less than the previous rate of 3.29 percent. The cross has exhibited a bullish open-drive session, in which the asset begins rising from the very first tick of the session. On a broader scale, the asset has broken to the upside from the consolidation created between 83.50 and 84.07 dollars.

 

On an hourly scale, the asset surpassed the downward-sloping trendline drawn from the 20 July high at 86.60, but it has since retreated. In addition, the cross is finding support near the 50 percent Fibonacci retracement level of 84.32 (which is located between the 20 July high of 86.60 and the 2 August low of 82.14)

 

At 84.00 and 84.11. respectively, the asset has surpassed the 50-period and 200-period Exponential Moving Averages (EMAs). Notable is the fact that the 200-EMA is selling for more than the 50-EMA, indicating that purchasing interest is exceptionally strong.

 

In addition, the Relative Strength Index (RSI) (14) has moved into the zone of 60.00-80.00, enhancing the upward filters. A break over Monday's high of 84.72 will propel the asset to the 61.8 percent Fibo level at 84.90, followed by the high of July 27 at 85.65.

 

In contrast, yen bulls could gain impetus if the cross falls below the 50-day exponential moving average (EMA) at 84.00. The asset will fall to Thursday's low of 83.46 and the 23.65 Fibonacci retracement level of 83.19 should a similar event occur.


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