EUR/USD 1.17797
0.486%
Gold 4723.80
0.784%
Oil 92.012
-2.817%
USD/JPY 156.725
-0.130%
GBP/USD 1.36276
0.570%
GBP/JPY 213.582
0.450%
Browse More
  • English
  • 简体中文
  • 繁體中文
  • Tiếng Việt
  • ไทย
  • Indonesia
Subscribe
Real-time News
May 9th - It was learned from the Anhui Provincial Key Laboratory of Quantum Computing Chips that the "Origin Wukong-180" quantum computer, equipped with a self-developed superconducting quantum chip with 180 computing bits per single core, has been put into operation and will begin receiving quantum computing tasks from around the world starting today.Artificial Intelligence: 1. Googles Isomorphic Labs will raise over $2 billion in new funding. 2. The US plans to issue an executive order on AI safety, but it will not include mandatory model testing. 3. DeepSeek is reportedly seeking 50 billion yuan in funding and will release its V4.1 update next month. 4. The Cyberspace Administration of China and two other departments jointly issued the "Implementation Opinions on the Standardized Application and Innovative Development of Intelligent Agents". 5. The National Energy Administration and three other departments issued the "Action Plan on Promoting the Two-Way Empowerment of Artificial Intelligence and Energy". 6. SenseTime released its new SenseNova 6.7 Flash-Lite multimodal model, with a limited-time free Token Plan. 7. Sony and TSMC plan to establish a strategic partnership to set up a joint venture for image sensors in Japan and explore physical AI. Integrated Circuits (Chips): 1. Apple and Intel reached a preliminary agreement on chip manufacturing. 2. TSMC: April revenue was NT$410.73 billion, compared to NT$415.19 billion last month. 3. Malaysia plans to establish an advanced packaging alliance within two years, investing over RM185 million. New Energy Vehicles: 1. Two departments held discussions with relevant departments of Inner Mongolia Autonomous Region and Hohhot City regarding the testing and demonstration of functional unmanned vehicles. Other: 1. Anthropic will raise billions to target computing power, with a valuation potentially approaching one trillion, surpassing OpenAI. 2. The Tianzhou-10 spacecraft-rocket combination has been transported to the launch area and will be launched soon. 3. H3C released its full series of supernodes, UniPoD S80000, designed for trillion-level large-scale models. 4. Nvidia CEO Jensen Huang: Next-generation AI infrastructure will require a large number of optical connections, and copper wires can no longer meet the demand.On May 9th, Tesla announced a recall of 173 Cybertruck vehicles due to a structural defect in the braking components that could pose a serious safety risk. According to a notification from the National Highway Traffic Safety Administration (NHTSA), the recall covers 2024-2026 Cybertruck models equipped with 18-inch steel wheels. The defect involves brake disc stud holes that are susceptible to mechanical stress and cracking when the vehicle is driven on bumpy roads or during steering maneuvers. With continued vehicle operation, this potential hazard could cause the wheel bolts to eventually break or detach, resulting in a loss of vehicle stability and significantly increasing the risk of collision and injury.On May 9th, Zheng Shanjie, Director of the National Development and Reform Commission, visited the Shanghai Artificial Intelligence Laboratory to conduct a special investigation on the development of artificial intelligence. Zheng stated that the technology and industry of artificial intelligence are currently advancing rapidly, and work must be carried out with a stronger sense of responsibility and mission. First, it is necessary to strengthen overall planning and top-level design, leverage the advantages of national strategic scientific and technological forces such as national laboratories, strengthen basic research in artificial intelligence, enhance original innovation capabilities, promote breakthroughs in key core technologies across the entire chain, and proactively plan for cutting-edge exploration. Second, it is necessary to implement the "AI+" action plan according to local conditions, increase the openness of scientific and intelligent scenarios, collaboratively build national pilot-scale bases for AI applications in the scientific field, and accelerate the application of AI in scientific discovery. Third, it is necessary to coordinate development and security, strengthen the construction of AI security capabilities, explore governance models and mechanism innovations, and ensure the healthy and orderly development of artificial intelligence.Conflict Status: 1. Ukraine attacks major Russian oil refineries and transportation facilities. 2. The Russian Ministry of Defense claims to have shot down over 200 Ukrainian drones. 3. Kremlin: Ukraine continues to attack civilian infrastructure. 4. Russian Ministry of Transport: 13 airports in southern Russia have suspended operations due to drone attacks. 5. Zelensky: Kyiv forces have launched an attack on Russian oil facilities in Yaroslavl, approximately 700 kilometers away, which are crucial for funding Russia. Peace Negotiations: 1. Zelensky: Ukraine and the United States are coordinating the schedule for a US special envoys visit to Ukraine in the spring/summer. 2. Trump announced a three-day ceasefire between Russia and Ukraine starting on the 9th, along with the exchange of 1,000 prisoners of war. 3. Russia agrees to Trumps proposed ceasefire and prisoner exchange plan. 4. Zelensky: Ukraine will not attack the Red Square parade. 5. Trump: The ceasefire between Russia and Ukraine may last more than three days. Other Situations: 1. A large fire breaks out in the Chernobyl nuclear exclusion zone. 2. Russian Ministry of Defense: Ukraine violates the ceasefire agreement. 1. Russian troops retaliated against Ukrainian attacks. 2. Zelensky: Russian troops attacked Ukrainian positions Friday night, showing no intention of a ceasefire. 3. Russian Presidential Press Secretary: Russia will not initiate dialogue with the EU. 4. Rubio: If there is no further progress in Russia-Ukraine negotiations, the US is unwilling to "waste time." 5. The Ukrainian Foreign Minister stated that Ukraine is considering sending a team of experts to assist the Baltic states in their air defense efforts.

NZDUSD consolidates near 0.6100, closing below Friday's two-month peak

Alina Haynes

Nov 14, 2022 18:54

截屏2022-11-14 下午5.32.48.png 


The NZDUSD pair struggles to capitalize on last week's breakthrough momentum through the 100-day Simple Moving Average, bouncing between moderate gains and slight losses throughout Monday's early European session. The pair is currently trading slightly below the 0.6100 level, practically flat on the day, and remains close to Friday's two-month high.

 

A convergence of variables permits the US Dollar to stabilize at its lowest level since mid-August, acting as a headwind for the NZDUSD pair. In response to Christopher Waller's more hawkish remarks on Sunday, U.S. Treasury bond yields rise. It is expected that this, along with a softer tone on equity markets, will benefit the safe-haven dollar and exert some downward pressure on the risk-averse New Zealand dollar.

 

Waller indicated during a conversation in Sydney, Australia, that the markets had overreacted to October's weaker-than-expected consumer price inflation numbers. Waller stated that the Federal Reserve was not lessening its fight against inflation and that a string of moderate CPI readings would be required for the US central bank to soften its approach. This increases US Treasury bond yields and helps support USD demand, notwithstanding the lack of confidence in the intraday rise.

 

A greater possibility that the Federal Reserve will slow the pace of its policy tightening discourages USD bulls from placing risky trades. Moreover, optimism surrounding a likely rollback of COVID-19 measures in China supports the NZD/USD pair and restricts its downside. Therefore, the subdued intraday price movement can be characterized as a bullish consolidation phase, meaning that any significant pullback is likely to be purchased and remain confined.

 

The United States is not slated to provide any market-moving economic data on Monday, leaving the USD at the mercy of US bond yields. Traders will also consider Lael Brainard's anticipated Fed governor address. Together with the broader risk sentiment, this will be analyzed for short-term trading opportunities in the NZDUSD pair prior to the release of Chinese economic data on Tuesday.

Suggestion