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On July 2nd, local time, Iran released a video of a speech by Iranian Parliament Speaker Mohammad Qassem Ghalibaf on the evening of July 1st. Ghalibaf stated that claims about "allowing IAEA inspectors to enter destroyed nuclear facilities" are false. He stated that the Iranian Islamic Parliament passed a law, approved by the Supreme National Security Council, stipulating that access to destroyed or damaged nuclear facilities cannot be permitted in any way. Ghalibaf emphasized that the IAEA is only allowed access to two locations: the Bushehr nuclear power plant and the Tehran nuclear research reactor. Iran does not grant any privileges beyond those granted by the Supreme National Security Council.Market news: A fire broke out at the Primir Palace Hotel in Kyiv following a Russian drone attack.US-Iran Negotiations: 1. According to Saudi Arabias Al Arabiya TV: A senior government official stated that US negotiators Kushner and Witkov held positive discussions with Qatari regional leaders, and technical negotiations with Iran are also progressing. 2. According to foreign media reports on July 1, citing sources, US and Iranian officials will hold indirect talks that day in Doha, the capital of Qatar. 3. According to Israels Channel 12, citing Saudi media reports: The Doha negotiators have reached a preliminary agreement to release $3 billion to Iran. 4. US President Trump: Iran negotiations are progressing well. Irans denuclearization is progressing well. 5. Iran says it will launch negotiations on a final agreement with the US at an appropriate time. 6. According to Axios: The US attempted to persuade Iran to abandon the "passage fee" mechanism in the Strait of Hormuz during the Doha negotiations. 7. According to the Islamic Republic News Agency (IRNA): Irans Deputy Foreign Minister stated that the Iranian delegations talks in Doha have concluded. 8. Sources: Iran is demanding a phased implementation of the US-Iran memorandum of understanding, with a focus on unfreezing assets. 9. Iranian Parliament Speaker Ghalibaf: Reports of inspectors entering bombed sites are false. 10. US Vice President Vance: Technical negotiators are discussing the Iranian issue. 11. Iran claims the US violated its commitments under the memorandum of understanding and will establish a monitoring mechanism to review violations. 12. Iranian sources say Iran insists on retaining control of the Strait of Hormuz. 13. US Vice President Vance: Commercial shipping has achieved free passage in the past three days. 14. Qatar: All parties agreed to advance discussions, and the next meeting will be held after the funeral of the former Iranian Supreme Leader. Other developments: 1. Israeli media, citing senior security officials, stated that the Gaza Strip is nearing a boiling point, and returning to conflict is no longer a question of "if," but "when." 2. US officials: US troops will be stationed in Lebanon to monitor the ceasefire. 3. According to Saudi Arabias Al Arabiya TV: Israel launched airstrikes over Nabutia in southern Lebanon. 4. Iran Air resumes its Tehran-Mumbai route. 5. Thailand confirms that most of its ships have safely left the Strait of Hormuz. 6. British media: Gulf states reportedly seek to reach a regional security agreement with Iran unilaterally. 7. A ship ran aground in the Strait of Hormuz; the extent of the damage is unclear. 8. According to Iranian state media: A foreign container ship ran aground in the Strait of Hormuz because it did not follow the route designated by Iran.July 2nd - According to a report by US tech journalist Gurman, Apple (AAPL.O) is planning to launch an upgraded iPad Pro series and a redesigned entry-level MacBook Pro next year, along with several other major new products to celebrate the 20th anniversary of the iPhone. Sources familiar with the matter revealed that the company is testing four new iPad Pro models planned for release in the spring of 2027. These new models will retain the current 11-inch and 13-inch screens. The updates will primarily focus on internal improvements, including faster chips. As previously reported, Apple has tested a vapor chamber cooling (VC liquid cooling) system for its tablets to improve sustained performance and reduce overheating issues. Apple also reportedly plans to launch a redesigned entry-level MacBook Pro, codenamed K104, in the first half of next year. This 14-inch laptop will feature a completely new design, consistent with Apples upcoming high-end touchscreen MacBook, which is expected to be released between the end of this year and the beginning of next year.BHP Billiton (BHP.N): Has submitted an environmental permit application and plans to invest $1.5 billion to reactivate the Cerro Colorado copper mine in Chile.

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.