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On August 19th, at 7:35 AM, the Zhuque-3 rocket, standing 25 stories tall and weighing over 600 tons, once again defied Earths gravity and entered low Earth orbit. Just over two minutes later, the booster and the second stage carrying a satellite successfully separated. Less than ten minutes after launch, the booster, after two retro-rockets to slow its descent, slowly landed at a recovery site in Minqin County, Gansu Province, 390 kilometers from the launch site. When asked by the media: "Now that the recovery is successful, what will you (the Zhuque-3 team) do next?" Dong Kai, deputy chief designer of the Zhuque-3 rocket, stated that they will strive to reuse the recovered rocket as soon as possible. "After this rocket returns, we will disassemble it very carefully to see where it was damaged after such a flight. If each part has health bars, the subsequent work will be to make each health bar inspectable, measurable, and repairable, and then put it back on the launch pad after repair." The main improvement directions for Zhuque-3 are to enhance its carrying capacity, reliability, and shorten the reuse cycle. My inner hope is that Suzaku III will first cross the threshold of playing 10 times a year.Tokyo Electrons stock price fell 4%.The Nikkei 225 index fell by 2.00% during the day.August 19th - Southeast Asian economies diverged in the second quarter, influenced by the technology and energy sectors. Vietnam remained the fastest-growing major economy in Southeast Asia, while Thailand underperformed. Malaysia and Singapore ranked second and third, respectively, driven by strong demand for semiconductors and other components in the global technology supply chain. Like Thailand, the Philippines was also affected by soaring energy costs due to the Middle East conflict. Furthermore, a sharp decline in infrastructure spending further dragged down Philippine growth. Developing economies with key players in the AI-related technology supply chain showed greater resilience, while those more vulnerable to expensive imported energy gradually lost momentum. Policymakers in the region are now facing the challenge of protecting businesses and consumers from volatile oil prices without harming economic growth. DBS economists stated, "The differences in growth across countries depend on their domestic resilience in responding to the Middle East crisis and their reliance on technology exports in their trade structures."The Nikkei 225 index opened down 631.39 points, or 0.94%, at 66,829.34 on Wednesday, August 19.

AUD/NZD Price Analysis: Bulls Surpass 1.0790 Resistance Confluence Due To Positive Australian Employment Report

Alina Haynes

Apr 13, 2023 14:19

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AUD/NZD supporters are approaching their highest levels since early March as a result of a four-day uptrend following Thursday morning's release of robust Australian employment data. At the time of publication, the currency pair is accepting bids to reestablish the multi-day high near 1.0810.

 

The Australia Bureau of Statistics (ABS) reported for the month of March that Employment Change increased by 53K compared to 20K expected and 64.6K previously, while the Unemployment Rate remained unchanged at 3.6% compared to expectations of 3.6%. In addition, the Participation Rate rose to 66.7%, exceeding the 66.7% predicted by the market.

 

The AUD/NZD pair surpassed the previous critical resistance confluence surrounding 1.0790, which was comprised of the 100-day moving average (DMA) and a one-month-old downward trend line.

 

The bullish MACD signals and stronger, non-overbought RSI (14) line contribute to the strength of the upside bias.

 

The AUD/NZD bulls are currently positioned to test the 50-day moving average of 1.0824. However, the preceding monthly apex of about 1.0895 and the round number 1.0900 may limit future gains.

 

Alternately, retracement remains elusive until the AUD/NZD pair remains above the support-turned-resistance level of 1.0790.

 

Then, a breach of the upward-sloping trend line from March 5 and the 61.8% Fibonacci retracement level of the pair's run-up from December 2022 to February 2023, located near 1.0705, could give the bears room to maneuver in their subsequent analysis.