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Both WTI and Brent crude oil prices fell slightly by about $0.50 in the short term, to $86.32 and $92.07 per barrel, respectively.On August 21, Li Qiang chaired an executive meeting of the State Council. The meeting emphasized the need to strengthen prevention and source control, improve the operation and maintenance of power equipment and facilities, conduct thorough risk and hazard investigations, and rigorously control the quality of all stages of design, construction, and acceptance of new projects to ensure the safe and stable operation of the power system. The meeting also stressed the importance of enhancing emergency response capabilities for power safety accidents, continuously promoting the iterative upgrading of technology and equipment, and improving the collaborative management framework among various departments.On August 21, Premier Li Qiang chaired an executive meeting of the State Council. The meeting emphasized the need to continue the fight for blue skies, strengthen targeted guidance, enhance governance and joint prevention and control in key areas, improve fiscal, financial, and pricing support policies, and promote the optimization of industrial, energy, and transportation structures to persistently improve air quality. It also stressed the importance of mobilizing all sectors to promote green production and lifestyles.According to The Information, Nvidia (NVDA.O) will pay $6 billion to AI model startup Poolside as part of a licensing and talent acquisition agreement.On August 21, the State Administration of Radio and Television released key data on the radio and television service industry for the first half of 2026. Preliminary statistics show that the total revenue of the national radio and television service industry in the first half of 2026 reached 751.389 billion yuan, a year-on-year increase of 9.15%. Of this, actual revenue reached 675.365 billion yuan, a year-on-year increase of 11.05%. By entity, radio and television institutions generated 324.76 billion yuan in total revenue, while online audiovisual service institutions generated 426.629 billion yuan. The total broadcast time for radio programs nationwide was 7.6445 million hours, and the broadcast time for television programs was 9.1197 million hours. As of the end of June, there were 205 million cable television subscribers and nearly 44 million 5G subscribers nationwide.

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.