EUR/USD 1.15850
0.137%
Gold 4149.41
0.452%
Oil 57.992
-0.040%
USD/JPY 156.243
0.111%
GBP/USD 1.31870
0.172%
GBP/JPY 206.043
0.290%
Browse More
  • English
  • 简体中文
  • 繁體中文
  • Tiếng Việt
  • ไทย
  • Indonesia
Subscribe
Real-time News
Tesla India executive: Cars do not require regular maintenance, and most problems can be resolved through OTA software updates.On November 26th, Japanese Prime Minister Sanae Takaichi stated on Wednesday that the government is prepared to take "necessary" actions in the market and will closely monitor whether exchange rate fluctuations reflect economic fundamentals or are driven by speculative behavior. Responding to a question from an opposition lawmaker regarding the recent depreciation of the yen, Takaichi said, "We will closely monitor market movements, including Japanese government bond yields and the exchange rate." She also emphasized that her governments economic stimulus package is not "reckless spending" and stated that the government will strive to reduce Japans debt-to-GDP ratio while closely monitoring changes in bond yields. Takaichi added, "For me, the most important thing is to ensure the sustainability of Japans finances."On November 26th, six departments, including the Ministry of Industry and Information Technology, issued the "Implementation Plan on Enhancing the Matching of Supply and Demand for Consumer Goods and Further Promoting Consumption." The plan proposes the orderly development of platform consumption, including new business models such as live-streaming e-commerce, instant retail, curated retail, and circular e-commerce. It encourages platform enterprises to legally and compliantly utilize artificial intelligence technology to identify user needs and match them with recommended products and services. The plan supports platform enterprises in applying digital technologies such as virtual reality, metaverse, artificial intelligence, and blockchain to create multi-scenario, immersive consumption experiences. It also guides platform enterprises to conduct brand and quality-driven consumption promotion activities. Finally, the plan emphasizes the responsibility of platform enterprises, strengthening the review of operator qualifications and the verification of product information, and improving the rapid handling mechanism for consumer disputes.Tesla India executives announced the opening of Indias first Tesla service center in Gurgaon. The Gurgaon center is the countrys first to encompass sales, service, delivery, and logistics.On November 26th, six departments, including the Ministry of Industry and Information Technology, issued the "Implementation Plan on Enhancing the Matching of Supply and Demand for Consumer Goods and Further Promoting Consumption." The plan proposes actively promoting the first launches of consumer products. It supports the opening of first stores, flagship stores, and new concept stores for consumer goods, as well as the holding of debut shows and exhibitions. It also emphasizes actively cultivating platforms for product launches, upgrading the capabilities of core business districts, and building launch centers that integrate new product releases, displays, transactions, and promotion. Furthermore, it stresses strengthening the empowerment of digital technologies to build an "online + offline" product launch matrix. Finally, it leverages the comprehensive effects of international exhibitions to promote "Chinese trends going global" and "first launches overseas."

NZD/USD Price Analysis: Nears 0.6480 barrier on generally encouraging China inflation data

Alina Haynes

Dec 09, 2022 15:24

 NZD:USD.png

 

During the four-day upswing, NZD/USD accepts bids to retest the daily high near 0.6410 on Friday morning. As well as the technical breakout, recent advances in the NZD/USD pair may be attributable to China's monthly inflation report.

 

In November, the headline Consumer Price Index (CPI) for China decreased to -0.2% MoM, compared to 0.1% predicted and 0.1% earlier. However, the annual statistics were more robust, coming in at 1.6% as opposed to 1.0% as predicted by the market and 2.2% previously. On the same line, the Producer Price Index (PPI) improved to -1.3% YoY during the specified month, defying predictions of -1.5% and earlier readings of -1.3%.

 

Notable is the NZD/USD pair's extended breach of a two-week-long descending trend line, which combines with a stronger RSI and positive MACD signals to keep buyers seeking the monthly high near 0.6480.

 

If NZD/USD bulls prevail beyond 0.6480, the round number 0.6500 and June's high near 0.6575 may appear on their radars.

 

Alternately, around 0.6355 at the time of writing, the resistance-turned-support line predates the 50-day simple moving average (SMA) at 0.6330 to limit the near-term NZD/USD decline.

 

However, a convergence of the 100-SMA and an upward-sloping trend line from November 21, close to 0.6255, appears to be a difficult nut to crack for the Kiwi pair bears and is the key to their admission.


Suggestion