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According to NHK, Japan is considering adding more than 13.9 trillion yen to its budget.November 17th - Sources familiar with the matter said on Sunday that Airbus appears poised to beat Boeing at the Dubai Airshow to the largest share of a major aircraft order from Dubai Airways. They indicated that Airbus is close to finalizing an agreement to sell approximately 100 A321neo aircraft to Dubai Airways, which is also in talks with Boeing for a smaller order of dozens of 737 MAX aircraft. The sources said Airbuss share in the deal could exceed 100 aircraft, but the final allocation depends on ongoing negotiations.Sources say Airbus is close to reaching an agreement with Dubai Airlines to sell about 100 A321 NEO aircraft, with the possibility of more orders in the future; Boeing (BA.N) is negotiating with Dubai Airlines for a small order of several dozen 737 Max aircraft.On November 17th, local time, on the 16th, Israeli Chief of Staff Zamir visited the Israeli Gaza Division in Rafah, southern Gaza Strip, to chair a situation assessment meeting. He emphasized that the Israeli military must be prepared to swiftly cross the "Yellow Line" and launch a full-scale offensive in Gaza if necessary. Zamir pointed out that the Israeli military currently controls more than 50% of the Gaza Strip, but not the local population. The "Yellow Line" is a line of encirclement and control, and the Israeli military is using control of strategic terrain to prevent Hamas expansion. He stressed that while the current operational progress is underway, the Israeli military must be prepared to swiftly cross the "Yellow Line" if necessary, launch a full-scale offensive in Gaza, and occupy more areas. Currently, Israeli forces are continuously clearing out remaining enemy forces along the "Yellow Line," destroying militants and their underground facilities, while ensuring the safety of troops.Boeing (BA.N) said on November 16 that it will ensure its factories have the capacity to absorb higher production levels before further increasing aircraft output next year, highlighting the aircraft manufacturers cautious strategy after years of production setbacks. The company recently received approval from U.S. regulators to increase monthly production of its 737 aircraft from 38 to 42. Stephanie Popp, head of Boeings commercial aircraft business, said the companys current focus will be on "stabilizing" existing production rhythms before further increases in production.

AUD/USD However, 0.6700 is the key to the upside

Daniel Rogers

Apr 11, 2023 14:41

AUD:USD.png 

 

In the early hours of Tuesday morning in Asia, the AUD/USD receives bids near 0.6650 to recover recent losses. In doing so, the Aussie pair recovers from the lowest levels in two weeks while reversing course from the horizontal support that has been in place for 12 days around 0.6620.

 

Nonetheless, imminent bearish MACD signals and a stable RSI indicate that the AUD/USD pair will continue to decline.

 

The convergence of the 10-day moving average and the support-turned-resistance line from March 10, close to the round number 0.6700, may also threaten the most recent price recovery.

 

Even if the AUD/USD bulls are able to surpass 0.6700, the 50% Fibonacci retracement level of the pair's February-March decline, located around 0.6805, will serve as the final line of defense for the bears.

 

Alternately, a break below 0.6620 could initiate a new decline aiming for the Year-to-Date (YTD) low established in February around 0.6565.

 

Notably, the AUD/USD pair's decline beyond 0.6565 confronts multiple obstacles to the south, including the highs for October 2022 near 0.6545 and 0.6520.

 

After that, a decline to the November 2022 low of approximately 0.6275 cannot be ruled out.

 

Regardless of the recent corrective rally, the AUD/USD remains on the radar of skeptics.