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Sources say Nvidia (NVDA.O) has hired veteran lobbyist Bruce Andrews as its head of government affairs in Washington, D.C. Andrews previously served as head of government affairs at Intel and as an official in the Obama administration.Ceasefire Negotiations 1. Iran – ① Iranian Foreign Ministry: No final conclusion has been reached on the Iran-US agreement. All matters concerning the agreement are speculation. ② Iranian media: There is a high probability that Iran will approve the text. ③ Iranian Armed Forces: If the US attacks again, it will suffer a more violent response. 2. United States – ① Trump: The agreement is expected to be signed this weekend. The Supreme Leader has agreed to reach an agreement, and all parties in Iran have approved the US-Iran agreement; he refused to set a deadline for the agreement; once the agreement is signed, the US will lift the blockade. ② US media: The three major differences have been narrowed under Qatars mediation. 3. Israel – ① Israel: Trump promised that Iran would limit missile production and stop regional support. ② Israel was surprised by Trumps post. Israeli Prime Minister Netanyahu learned of this during a cabinet meeting. 4. Others – ① Sources say that dialogue on Lebanon and regional security will continue after the US-Iran agreement is reached. ② Pakistan, Qatar, Saudi Arabia, Egypt, and Turkey gathered to assess mediation efforts regarding the US-Iran situation. Strait of Hormuz 1. Iran – ① Iranian Foreign Ministry: The strait remains closed. 2. The United States—① U.S. Central Command: Since imposing the blockade on April 13, it has crippled 9 ships and forced another 135 to change course. ② Trump: The strait may open on Saturday or next Monday. ③ U.S. military: The Strait of Hormuz remains open to traffic. 3. Others—① Indian Ministry of Shipping: 13 Indian-flagged ships ran aground in the Strait of Hormuz; Indian Ministry of External Affairs: All three ships attacked were carried out by the U.S. Navy. Other situations: 1. Kuwait Civil Aviation Authority announced that flights suspended due to the Iranian attack have resumed. 2. According to Axios: The Israeli government expects to allocate more than $350 million over several years to relocate 61 newly approved settlements. 3. Bessant: Any damage to Gulf allies will be paid for with Iranian funds, and Iran will lose its ongoing zero-sum game. If necessary, the U.S. will withdraw funds from Iranian accounts.Nvidias (NVDA.O) annual shareholders meeting is scheduled for June 24, and individuals can participate online.On June 12, Iranian Foreign Ministry spokesman Baghae stated on the 11th that all matters concerning the US-Iran agreement were speculation. To date, Iran has not reached a final conclusion on the agreement. Baghae also stated that the situation in the Strait of Hormuz has become more insecure due to US actions. Baghae further stated that Qatar and Pakistan are actively playing a mediating role, but US actions have affected the diplomatic process. He said that Iran was aware of the progress of the negotiations from the beginning, and most of the text of the agreement was completed, but the US has continuously changed its position. Iran has proven that it will never compromise on issues that it considers "red lines."June 12 - According to a report by Iranian state television on the 11th, a spokesperson for the Iranian Foreign Ministry stated that Iran has not yet reached a final conclusion on the Iran-US agreement, and all reports from the outside world regarding the agreement are speculation, with no details yet finalized.

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.