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On May 29, U.S. Treasury Secretary Bessenter stated at a White House press conference on the 28th that whether the U.S. and Iran can reach a potential agreement depends on whether U.S. President Trump supports it. Earlier that day, U.S. media, citing U.S. officials, reported that U.S. and Iranian negotiators had reached a basic agreement on the terms of a memorandum of understanding, pending final approval from Trump. Bessenter did not directly answer several related questions at the press conference, instead stating that "both teams have been in constant communication and consultation," and emphasizing that "everything depends on what the president wants to do." Bessenter said that Trump has several clear "red lines": Iran must hand over its highly enriched uranium, Iran cannot develop nuclear weapons, and the Strait of Hormuz must remain open.Foreign central banks held $12.829 billion in U.S. Treasury securities in the week ending May 22, compared with a decrease of $20.238 billion in the previous week.On May 29, it was reported that Pushilin, the Russian-appointed leader of the Donetsk region, posted on social media on the 28th that Ukrainian armed forces attacked a maintenance crew vehicle of a local water company, resulting in the deaths of three employees and serious injuries to one. Pushilin said that doctors were doing their best to save the seriously injured employee.Dell (DELL.N) reported an 88% surge in first-quarter sales, driven by demand for AI products, prompting the company to raise its full-year outlook. The company said Thursday it now expects full-year revenue to reach $165 billion to $169 billion, up from its previous range of $138 billion to $142 billion. It also raised its midpoint of adjusted earnings per share guidance to $17.90 from $12.90. Dell reported first-quarter profit of $3.44 billion, or $5.24 per share, compared with $965 million, or $1.37 per share, in the same period last year. Excluding certain one-time items, adjusted earnings per share were $4.86, exceeding analysts expectations of $2.96 surveyed by FactSet. Revenue surged 88% to $43.84 billion. The sales growth was driven by the Infrastructure Solutions segment, whose revenue nearly tripled to $29 billion. This growth was driven by AI-optimized servers and traditional servers. Dell expects its second-quarter revenue to be between $44 billion and $45 billion, with a median adjusted earnings per share of $4.80. According to a FactSet analyst survey, analysts expected revenue of $35.1 billion and adjusted earnings per share of $2.99. Dells stock price surged in after-hours trading, rising more than 12% at one point.Following the release of its financial report, Dell (DELL.N) shares surged in after-hours trading, currently up over 9%.

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

Alina Haynes

Apr 13, 2023 14:19

 AUD:NZD.png

 

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.