• English
  • 简体中文
  • 繁體中文
  • Tiếng Việt
  • ไทย
  • Indonesia
Subscribe
Real-time News
August 6th - According to The Information: An AI model from Meta Platforms (META.O) compromised another company during a cybersecurity test. Metas MUSE SPARK 1.1 model infiltrated a companys system and made changes to its internal mechanisms. A Meta spokesperson stated that a configuration misconfiguration led to the incident, after which the model exploited a security vulnerability.The European-Mediterranean Seismological Centre reported a 5.7-magnitude earthquake 23 kilometers south of Sarangani in the Philippines.US President Trump: Iran cannot have nuclear weapons.The Central Bank of Brazil cut interest rates by 25 basis points, in line with market expectations.Conflict Status 1. Houthi rebels again claim to have attacked Saudi oil tankers. 2. According to Irans Tasnim News Agency: Yemen is preparing for a full-scale confrontation with Saudi Arabia. US-Iran Negotiations 1. Iranian Foreign Ministry Spokesperson: The Foreign Minister or Speaker of Parliament has no plans to visit Pakistan or Qatar at the moment. 2. Trump: A US-Iran agreement will be decided within 48 hours; US-Iran negotiations are "progressing well," but Iran is unwilling to acknowledge it. 3. According to CNN: A Gulf state official believes there is a 50% chance that the US and Iran will reach an agreement by Friday. Strait of Hormuz 1. Yemeni Armed Forces: A total of 29 Saudi oil tankers were blocked and forced to retreat or return in the Red Sea and Arabian Sea. 2. UK Maritime Trade Operations Office: Received a report on an incident that occurred 9 nautical miles from the Mocha region of Yemen on August 4. On August 4, a ship near Yemen was attacked, resulting in a fire on board. 3. US—① According to Axios, the US plans to announce an agreement on the Strait of Hormuz on Wednesday. ② Trump: The Strait of Hormuz will open soon, or Iran will be attacked. ③ US Central Command: As of August 5, US forces had altered the routes of 48 merchant ships, rendered two ships inoperable, and boarded and inspected two other vessels. 4. Iran—① Iranian Foreign Ministry: Iran is close to reaching an agreement with Oman on the Strait of Hormuz, which would close two existing shipping lanes. A new shipping lane for entering the Strait of Hormuz and part of the journey out of the Strait will pass through Iranian territorial waters. However, the new lane is also temporary and is expected to be usable for 2 to 4 months. The Iranian Foreign Minister or Speaker of Parliament has no plans to visit Pakistan or Qatar at present. ② Foreign media: Iran is seeking to charge ships transiting the Strait a fee of 5% to 7% of the cargo value. Other: 1. US media: The Israel-Lebanon Rome talks ended prematurely due to changes in the situation. 2. Iran—① Iranian President: Communication with the Supreme Leader of Iran is currently "very difficult." ② Iran and Pakistan signed a new partnership agreement, aiming for a $10 billion trade target. 3. Israel—① Israel Defense Forces: An attack will be launched against Hezbollah in a southern Lebanese town. This attack is a response to Hezbollahs violation of the ceasefire agreement. ② The Israeli Ministry of Defense: Just conducted a scheduled test of the long-range Arrow missile defense system. ③ Israeli sources say the response to Hezbollahs serious violation of the agreement is not yet over.

NZDUSD is negative below 0.5900 despite the introduction of USD buying

Alina Haynes

Nov 07, 2022 17:58

 截屏2022-11-07 下午5.13.14.png

 

Following a modest bearish gap opening to the 0.5855-0.5850 range on Monday, the NZDUSD pair experiences some buying, but is unable to capitalize on the move. Spot prices retreat a few pips from the day's high and continue on the defensive below the 0.5900 mark as the US Dollar recovers minor territory at the start of the European session.

 

On the first day of the new week, the USD regains some upward momentum and recovers a bit of Friday's fall following the announcement of the NFP. In fact, the monthly US jobs report's mixed results fueled rumors that the Federal Reserve may slow the pace of future rate hikes, which weighed heavily on the US dollar. Nonetheless, higher US Treasury bond yields and a softer tone help limit dollar losses and act as a drag for the NZDUSD pair.

 

Concerns of headwinds stemming from China's intention to maintain its economically harmful zero-COVID policy have weakened investor confidence. This occurs in the midst of the protracted Russia-Ukraine conflict and leads to escalating fears regarding the worsening global economic crisis. Even from a technical perspective, bullish traders should be mindful of the emergence of fresh selling ahead of the middle of the 0.59 range. Before positioning for any significant NZDUSD pair gain, it is prudent to await sufficient follow-through buying.

 

The United States is not anticipated to release any market-moving economic data, leaving the USD vulnerable to US bond yields. Aside from this, traders will take cues from the overall risk sentiment of the market in order to capitalize on short-term opportunities involving the risk-sensitive New Zealand dollar. However, the mixed underlying environment may cause short-term traders to remain on the sidelines until the release of the latest US consumer inflation data on Thursday.