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On September 10th, Pennsylvania Democratic Senator John Fetman, in a video message recorded for the Republican midterm election convention in Dallas, subtly criticized his own party and called for cooperation with Trump. Fetman said, "I am a common-sense Democrat. I will always stand with America. I will always reject extremism and an anti-American lifestyle." He also expressed support for Republican Senator Dave McCormick. Fetman is one of the Senate Democrats most willing to cooperate with Trump. Fetman described his meeting with Trump at Mar-a-Lago in January 2025 as "positive" and praised Trump as "kind" and "approachable." He subsequently supported Trumps initiatives in artificial intelligence. In his video address on Wednesday, he also stated his willingness to work with Trump to defend the American steel industry.The statement indicates that Petrobras, Brazils state-owned oil company, will cancel the gasoline discount of 0.44 reais per liter.On September 10th, the Canadian Energy Minister stated that the countrys oil sands producers have now received the necessary policy support from the federal government to increase production and fill the capacity gap in major new pipelines. The Canadian government announced on Wednesday its plan to eliminate federal environmental reviews for energy projects, including oil and gas pipelines, natural gas plants, and oil sands projects. This is the latest move by Ottawa over the past year to signal increased support for energy production and a faster regulatory approval process.September 10th - According to the Wall Street Journal, U.S. officials stated that senior White House advisors have privately raised the possibility with Trump that the war with Iran could continue until the end of his remaining term. This contradicts Trumps public assurances that the war will be swiftly won. Officials said that in discussions in the Oval Office and the White House Situation Room, Vice President Vance, Secretary of State Rubio, and others discussed with the president the possibility that Tehran might continue to resist under pressure from blockades and other military measures, potentially extending the conflict beyond the presidential inauguration in January 2029. These closed-door discussions took place as Trump told reporters on Wednesday that the war would end "immediately" after the November midterm elections because "Iran cant hold on any longer."According to the Wall Street Journal, Democratic Senator Richard Fetman will make a video appearance at the Republican National Convention in Dallas. This unusual move is bound to spark further speculation about his political future. Fetman is expected to introduce fellow Pennsylvania senator David McCormick, a Republican, in the video; the two senators have established a close bipartisan relationship.

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

Daniel Rogers

Apr 20, 2023 13:51

 NZD:USD.png

 

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.


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