• English
  • 简体中文
  • 繁體中文
  • Tiếng Việt
  • ไทย
  • Indonesia
Subscribe
Real-time News
Market news: The Seattle Times and Newsday filed a lawsuit against OpenAI and Microsoft (MSFT.O) on Friday, accusing the two tech companies in federal court of copying their newspapers news reports without permission to train their artificial intelligence systems.September 5th - A massive explosion occurred at a military camp in Biáccha, Bolivia, on September 4th, local time. Local health authorities reported that the explosion has killed between 10 and 15 people and injured dozens.On September 5th, the Chongqing Municipal Development and Reform Commission issued the "Several Measures of Chongqing Municipality to Encourage Foreign-Invested Enterprises to Reinvest in China" (hereinafter referred to as the "Measures"). The Measures propose 16 policy measures from three dimensions—guiding foreign investment, facilitating investment and operation, and improving support levels—in accordance with the principle of equal treatment for domestic and foreign investment. The Measures encourage and guide foreign investment to participate in the construction of Chongqings "33618" modern manufacturing cluster system, focusing on industries such as intelligent connected new energy vehicles, next-generation electronic information manufacturing, and advanced materials, to promote the strengthening, supplementation, extension, and expansion of the industrial chain. The Measures also implement the "complete elimination" of foreign investment access restrictions in the manufacturing sector, ensuring that eligible foreign-invested enterprises reinvesting in manufacturing projects in China enjoy the same level of support and resources as key municipal industrial projects, based on the principle of equal treatment for domestic and foreign investment.Musk: In the future, users may be able to connect PlayStation or Xbox to Tesla (TSLA.O) Cybercab.On September 5th, Ding Xuexiang met with Russian President Vladimir Putin and co-chaired bilateral institutional meetings between China and Russia. From September 2nd to 4th local time, Ding Xuexiang, member of the Standing Committee of the Political Bureau of the CPC Central Committee and Vice Premier of the State Council, met with Russian President Vladimir Putin in Vladivostok, co-chaired the 13th meeting of the China-Russia Investment Cooperation Committee with Russian First Deputy Prime Minister Manturov, and co-chaired the 23rd meeting of the China-Russia Energy Cooperation Committee with Russian Deputy Prime Minister Novak. He also attended the opening ceremony of the 8th China-Russia Energy Business Forum. During the meeting with Putin, Ding Xuexiang conveyed the cordial greetings of President Xi Jinping. Ding Xuexiang stated that the key to the unwavering strength of China-Russia relations amidst a turbulent international situation lies in the leadership of the two heads of state. China is willing to work with Russia to implement the important consensus reached by the two heads of state, deepen the integration of interests through concrete measures, and continuously consolidate the foundation for higher-quality development of China-Russia relations. The prospects for strengthening China-Russia cooperation in the development of the Far East are broad and promising. Both sides should continue to make good use of the "Northeast-Far East" cooperation mechanism and relevant policy support, strengthen the alignment between the revitalization of Northeast China and the development strategy of the Russian Far East, further enhance the scale and level of cooperation, and ensure that the mutually beneficial results benefit the people of both countries more and better.

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.