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On July 21, Tencent Cloud executives stated at a sub-forum of the World Artificial Intelligence Conference that in order to reduce inference costs to the extreme, the company will deploy domestically produced computing power on a large scale. The company expects to deploy NPO (Near-Package Optical) supernodes in the fourth quarter of 2026 and calls for the unification of NPO industry standards both domestically and internationally.On July 21, the Information Office of the Anhui Provincial Government held a press conference. At the conference, the Anhui Provincial Bureau of Statistics released the provinces economic performance in the first half of 2026. According to the unified accounting results for regional GDP, the provinces GDP in the first half of the year was 2,737 billion yuan, a year-on-year increase of 5.6% at constant prices. By industry, the added value of the primary industry was 125.9 billion yuan, an increase of 2.4%; the added value of the secondary industry was 1,066.1 billion yuan, an increase of 6.7%; and the added value of the tertiary industry was 1,545 billion yuan, an increase of 5.2%.July 21st - At a press conference held on the 21st to promote the high-quality development of the domestic service industry, it was announced that the Ministry of Human Resources and Social Security will guide local governments to implement employment and entrepreneurship support policies. Domestic service companies that hire key groups such as people facing employment difficulties will enjoy tax breaks and social security subsidies as stipulated. Workers starting businesses in the domestic service sector will enjoy tax breaks, guaranteed loans for entrepreneurship, and site support as stipulated, guiding more workers to work and start businesses in the domestic service sector.On July 21st, the Shanghai Education Computing Power Zone, spearheaded by Shanghai Instrumentation & Electronics Group (SIEG) and jointly built by Shanghai Telecom, Shanghai Mobile, and Shanghai Unicom, officially launched its trial operation. As a dedicated public computing power resource pool for the education sector in Shanghai, this zone serves as a unified, inclusive, open, and secure public service portal for education-specific computing power, catering to primary and secondary schools and universities throughout the city. It integrates SIEGs own computing power platform with the computing power resources of the three major telecom operators, relying on Shanghais intelligent computing power resource coordination and scheduling service platform to build an independent and dedicated domestically produced computing hardware cluster capable of outputting over 100 billion tokens daily.July 21st Futures News: On July 21st, the Shanghai Futures Exchanges energy and chemical warehouse receipts and changes are as follows: 1. Pulp futures warehouse receipts: 313,529 tons, an increase of 3,382 tons compared to the previous trading day; 2. Pulp futures mill warehouse receipts: 20,000 tons, unchanged compared to the previous trading day; 3. Offset paper futures warehouse receipts: 2,758 tons, unchanged compared to the previous trading day; 4. Offset paper futures mill warehouse receipts: 6,600 tons, unchanged compared to the previous trading day; 5. Fuel oil futures warehouse receipts: 28,960 tons. 6. Petroleum asphalt futures warehouse receipts: 11,290 tons, unchanged from the previous trading day; 7. Petroleum asphalt futures factory warehouse receipts: 20,110 tons, unchanged from the previous trading day; 8. Medium-sulfur crude oil futures warehouse receipts: 2,961,000 barrels, unchanged from the previous trading day; 9. Low-sulfur fuel oil futures warehouse receipts: 0 tons, unchanged from the previous trading day; 10. Low-sulfur fuel oil futures factory warehouse receipts: 0 tons, unchanged from the previous trading day.

NZD/USD Price Analysis: Protects NZ Inflation-Induced Support Break; 0.6140 in Sight

Daniel Rogers

Apr 20, 2023 13:51

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During the mid-Asian session on Thursday, NZD/USD bears maintain control at the lowest levels in five weeks while defending New Zealand (NZ) losses caused by inflation near 0.6160. This justifies not only the weaker-than-anticipated New Zealand inflation, but also the recent break of one-month-old horizontal support, which is now immediate resistance, as well as the bearish MACD signals.

 

As measured by the Consumer Price Index (CPI), the Reserve Bank of New Zealand (RBNZ) policy purists were unpleasantly surprised by New Zealand's (NZ) first-quarter (Q1) inflation. Despite this, the Quarter-over-Quarter change in the New Zealand Consumer Price Index (CPI) decreases from 1.7% and 1.4%, respectively, to 1.2%.

 

Following the publication of disappointing data, the NZD/USD pair breached a one-month-old horizontal support level, which is now acting as a barrier near 0.6170. The bearish MACD signals are now directing NZD/USD traders toward a horizontal support level that has been in place for 1.5 months and is located near 0.6140.

 

If the NZD/USD bears remain dominant above 0.6140, the 2023 low of 0.6085 cannot be ruled out.

 

The 200-day simple moving average hurdle of 0.6220 becomes crucial for NZD/USD investors to return.

 

If the NZD/USD pair remains above 0.6220, a run up to the previous weekly high around 0.6315 and then to the monthly high of 0.6386 cannot be ruled out.