• English
  • 简体中文
  • 繁體中文
  • Tiếng Việt
  • ไทย
  • Indonesia
Subscribe
Real-time News
Ukraines air force said it shot down 51 of 92 drones launched by Russia in a nighttime raid.According to the Telegraph: French President Emmanuel Macron could become a key figure in Europes talks with Putin on peace in Ukraine.April 5th news, despite another sharp sell-off in the U.S. stock market on Friday, Nike (NKE.N) shares bucked the trend and closed up 3%, making it the only component of the Dow Jones Index that rose. Nike was able to close higher thanks to key progress in tariffs. Trump said Vietnamese leaders expressed interest in reaching a new trade agreement with the United States to reduce tariffs on U.S. goods to zero. In response to trade and geopolitical issues, Nike has moved most of its production to Vietnam, but the Trump administrations new import tax policy may offset the benefits of this transfer. Whether Vietnam can reach a suitable new trade agreement with the United States has quickly become a key business performance and valuation catalyst for Nike.On April 5, California Governor Gavin Newsom posted a video on his social platform on April 4 saying that the Trump administration’s tariff policy "cannot represent all Americans." He has asked the California government to look for new opportunities to expand trade cooperation and said that "California is a stable trading partner."On April 5, Fitz-Gerald Group CIO Keith Fitz-Gerald said in the latest CNBC show that although he was frustrated by the recent sell-off of Tesla, he still believed in the companys long-term prospects. "I think if we look at FSD, we look at autonomous driving, we look at everything Tesla is involved in, if you take Musk himself out of the "equation" for a few minutes, you cant deny that this company continues to change the earth. So, this is one of the moments where I have to hold my nose (ignore the sell-off), and Im going to keep waiting anyway, and I hope that when the sell-off is over, I hold enough Tesla shares."

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.