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On April 5, the U.S. Space Force official website announced that Musks SpaceX, United Launch Alliance and Blue Origin won the U.S. Space Forces rocket launch contract totaling $13.5 billion, valid until 2029. It is reported that these three companies will be responsible for sending some of the Pentagons most sensitive and complex satellites into space. Among them, SpaceX will undertake 28 missions and win a $5.9 billion contract. The United Launch Alliance (ULA), a joint venture between Boeing and Lockheed Martin, undertakes 19 missions with a total contract value of $5.3 billion. Blue Origin, founded by Bezos, won 7 missions with a total contract value of $2.3 billion.April 5th news, tariffs have made the Feds job more difficult in boosting a weak economy. Morgan Stanley analysts said in a research report: "First, the Fed may be late, and second, its ability to offset the global shift to protectionism is limited. This will only make things less bad. The economic downturn may bring earlier and even faster easing policies."On April 5, according to Forbes, Tesla has begun selling the 2026 long-range all-wheel drive Model Y, which is priced $10,000 lower than the Launch series and no longer appears on the order page. The new long-range version that has just been launched is priced at $49,990, which is a full $10,000 cheaper than the Launch series, which costs $59,990. The low-priced Model Y has a rated range of 327 miles, accelerates from 0 to 60 miles in just 4.6 seconds, and has a top speed of 125 miles per hour, the same as the Launch series. If the $7,500 federal tax credit is added, the price is $41,490On April 5, Tickmill analyst Joseph Darrier said in a report: "The decline in oil prices reflects market uncertainty and may suppress global crude oil prices in the short term, especially if trade tensions hinder economic growth in major oil-consuming regions. Volatility may increase as the market digests the full impact of tariffs."On April 5, Didi announced that it will restart its food delivery business in Brazil under the brand name "99Food" in the near future, and will continue to improve users "one-stop" experience by coordinating diversified services such as local travel and payment in Brazil.

Price Analysis: NZD/USD Symmetrical Triangle Indicates Decreasing Volatility, US NFP Awaited

Daniel Rogers

Feb 03, 2023 15:27

NZD:USD.png 

 

The NZD/USD pair is drifting sideways below the immediate resistance level of 0.6480 during the Asian session. The New Zealand dollar has traded sideways as investors await the publication of Caixin Services PMI and United States Nonfarm Payrolls (NFP) statistics for fresh impetus.

 

Weak earnings have broken the three-day winning streak of S&P500 futures, which are now displaying significant losses and a risk aversion trend. After a corrective dip, the US Dollar Index (DXY) is aiming to recapture Thursday's high above 101.55 as investors' risk appetite has reduced dramatically.

 

The NZD/USD pair is displaying a chart pattern known as a Symmetrical Triangle, which indicates a significant compression of volatility. The upward-sloping trendline of the chart pattern is taken from the low on January 19 at 0.6365, while the downward-sloping trendline is derived from the high on January 18 at 0.6531. The New Zealand asset saw a dramatic loss on Thursday after failing to find buying support following a breakout, which resulted in a fakeout that kept investors at unsustainable levels.

 

The Relative Strength Index (14) has moved from the bullish region of 60.00-80.00 to the neutral region of 40.00-60.00, indicating that a consolidation is imminent.

 

A decline below the January 31 low of 0.6412 will cause the New Zealand dollar to decline toward the January 17 low of 0.6366 and ultimately the January 12 low of 0.6300.

 

In contrast, for the asset to resume its upward trend, it must surpass Thursday's high of 0.6538, which would catapult it to June 3's high of 0.6576. A breach of this level will expose the asset to the 0.6600 level of resistance.


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