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On September 14th, at a screen technology communication conference held at Samsung Displays headquarters in South Korea, Samsung Display and iQOO officially announced the "Samsung Display × iQOO Future Display Exploration Plan." The first phase of this plans achievements will be featured on the iQOO 16, including 2K 165Hz display, Samsung M16 luminescent material, and 2K LEAD 2.0 display technology.September 14th - According to the Financial Times, persistently high inflation has led to a standoff between Trump and Federal Reserve Chairman Warsh this week, with markets bracing for a Fed rate hike despite the presidents demands. Economists warn that the Feds credibility will be at risk if it doesnt support a rate hike on Wednesday, as official data shows the Fed chairman previously stated he needed to see meaningful improvement before avoiding a rate hike, but the data hasnt shown any signs of that. However, a rate hike just weeks before the November midterm elections could anger the president, who has made it clear he wants significantly lower borrowing costs. Trump reiterated on Sunday that the US should have the "lowest interest rates in the world." Trumps National Economic Council Director, Hassett, warned, "If its a rate hike, then the president... Im sure he wont be particularly happy about it."On September 14th, the State Council Information Office held a press conference on the theme of "Starting the 15th Five-Year Plan," where the National Health Commission, the State Administration of Traditional Chinese Medicine, and the National Center for Disease Control and Prevention introduced the decisive progress made in promoting the construction of a Healthy China. Lei Haichao, Director of the National Health Commission, stated that during the 15th Five-Year Plan period, emphasis should be placed on health governance, highlighting the fundamental, long-term, and stabilizing role of health legislation. We will advance legislation in the health field to better protect the public and practitioners, and better adjust various social relationships. Lei Haichao stated that the National Health Commission is drafting a childcare service law, which has entered the review process of the National Peoples Congress. In addition, the Blood Donation Law, enacted more than 20 years ago, is also being revised to adapt to the current new situation of blood supply and demand. During the 15th Five-Year Plan period, the legal foundation in the health field will be further strengthened, and the legal environment will be further optimized.Japans final July inventory growth rate was 0.5%, unchanged from the previous month.Japans capacity utilization index rose 0.5% month-on-month in July, down from 4.10% in the previous month.

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.