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February 18th - A 13F filing revealed that Berkshire Hathaway reduced its holdings in Bank of America and Apple, while increasing its stake in The New York Times in the final quarter of Warren Buffetts CEO tenure. In the fourth quarter of last year, the company reduced its holdings in Bank of America by approximately 50.8 million shares and Apple by 10.3 million shares, marking the third consecutive quarter of reducing its Apple holdings. Simultaneously, the company purchased 5.1 million shares of The New York Times, whose stock price rose by approximately 2% in after-hours trading. As of September last year, American Express, Apple, Bank of America, Coca-Cola, and Chevron were Berkshire Hathaways largest holdings.February 18th - According to a 13F filing submitted by Nvidia to the U.S. Securities and Exchange Commission after the market closed on February 17th (Eastern Time), Nvidia will liquidate its holdings in Applied Digital, Arm Holdings, and WeRide in the fourth quarter of 2025, while acquiring new shares in Intel, Synopsys, and Nokia.February 18th - A 13F report shows that Hillhouse Capital HHLR Advisors Ltd. increased its holdings in Alibaba, Pinduoduo, iShares Bitcoin, and TSMC in the fourth quarter, sold off its entire stake in Baidu, and reduced its holdings in NetEase, Bright Scholastic, Futu Holdings, Full Truck Alliance, and Webull, among others; its major holdings include Pinduoduo, Alibaba, and Futu Holdings.Gaza Situation: 1. Eight countries, including Jordan, jointly condemned Israels new land regulations in the West Bank. 2. The Israeli military claimed to have struck Palestinian militants attempting to cross into Syria. Iran Situation: 1. Irans Ministry of Oil website, Shana: The Iranian Oil Minister met with the Russian Energy Minister in Tehran. 2. The US deployed F-22 and F-16 fighter jets to the Middle East. It is believed that more than 10 F-22s and over 30 F-16s have left their bases. 3. During US-Iran negotiations, the Strait of Hormuz was closed for several hours, and Iran conducted live-fire military exercises and launched missiles. 4. Iranian Foreign Minister: Iran and the US reached an agreement on guiding principles for negotiations. Negotiations with the US have made "good progress." The date for the next round of US talks has not yet been set. 5. Irans Supreme Leader Khamenei: Nuclear energy is our inalienable right. The type and range of Iranian missiles are irrelevant to the US. The US cannot destroy Iran. 6. Iranian officials reportedly proposed suspending uranium enrichment activities, transferring some uranium stockpiles to offshore areas, and reaching a commercial agreement with the United States to advance nuclear negotiations and avoid a US strike. 7. US officials: Iran is expected to submit a detailed proposal on the content of nuclear negotiations within the next two weeks. 8. Iranian President: Iran is willing to accept any form of inspection regarding the peaceful nature of its nuclear industry. Iran will not abandon its peaceful nuclear industry used in medical, agricultural, and industrial fields. 9. US Vice President Vance: In some respects, negotiations with Iran are progressing well, but the Iranians are not yet willing to acknowledge certain red lines set by Trump. Trump still hopes to find a solution. Other: 1. A joint statement shows that eight countries, including Turkey, Egypt, Saudi Arabia, Qatar, and the UAE, condemned Israels decision to demarcate "state territory" in the occupied West Bank. 2. Turkish President Erdogan: I want to reiterate that Israels recognition of Somaliland is not in the best interest of Somaliland or the Horn of Africa. 3. Syrian Foreign Minister: Israel is taking advantage of Syrias current transitional phase to occupy new territory after December 8, 2024. Our primary and ultimate condition is that Israel withdraws from the territory it occupies after that date. Fitch: We expect the Trump administration to use other powers to impose tariffs if necessary.

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.


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