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On August 9th, a support document titled "Using ChatGPT with Apple Smart on Mac" appeared on Apples official Mac Simplified Chinese user manual on August 8th. It explicitly mentioned that Apple Smart could work with Alibabas Qianwen model. However, this Chinese manual introducing Qianwen extensions has since been removed from Apples website. The relevant page in the Apple Mac user manual has now reverted to "Using ChatGPT with Apple Smart," whereas previously it displayed "Using Qianwen with Apple Smart."August 9th - Dong Lijuan, Chief Statistician of the Urban Division of the National Bureau of Statistics, stated that the national CPI rose 0.5% year-on-year, maintaining a moderate increase. The year-on-year CPI increase was 0.5 percentage points lower than the previous month, mainly due to the slower increase in gasoline prices. Gasoline prices rose 1.0%, a decrease of 16.0 percentage points from the previous month, reducing its upward impact on the CPI by approximately 0.45 percentage points, thus driving the energy price increase down to 0.6%. Excluding energy, industrial consumer goods prices rose 1.5%, a decrease of 0.2 percentage points from the previous month, contributing approximately 0.37 percentage points to the year-on-year CPI increase. Among these, prices for gold jewelry, personal care products, and household appliances rose by 24.6%, 1.7%, and 0.2% respectively, all with slower increases, contributing a combined approximately 0.13 percentage points to the year-on-year CPI increase; while prices for computers, tablets, and mobile phones rose by 17.4%, 17.2%, and 8.5% respectively.August 9th - Dong Lijuan, Chief Statistician of the Urban Division of the National Bureau of Statistics, stated that on a month-on-month basis, the national CPI decreased by 0.1%, a narrowing of 0.2 percentage points compared to the previous month. Fluctuations in international market prices led to a 10.7% decrease in domestic gasoline prices, a larger decline than the previous months 5.8 percentage points, contributing to a month-on-month decrease in CPI of approximately 0.35 percentage points. Artificial intelligence is driving the upgrading of consumer electronics products, increasing demand and prices for related products. Tablet computers, computers, and mobile phones saw price increases of 11.3%, 5.5%, and 1.0% respectively, contributing a combined 0.03 percentage point to the month-on-month CPI increase. In the services sector, increased summer travel demand led to price increases of 7.2%, 6.5%, 4.2%, and 3.6% for travel agency fees, hotel accommodations, airfares, and transportation rentals respectively, contributing a combined 0.10 percentage point to the month-on-month CPI increase.Chinas July CPI annual rate will be released in ten minutes.Chinas July CPI annual rate will be released in ten minutes.

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.


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