EUR/USD 1.13694
-0.063%
Gold 4053.64
0.107%
Oil 88.544
-2.783%
USD/JPY 163.848
-0.004%
GBP/USD 1.33208
0.055%
GBP/JPY 218.264
0.066%
Browse More
  • English
  • 简体中文
  • 繁體中文
  • Tiếng Việt
  • ไทย
  • Indonesia
Subscribe
Real-time News
July 25th - Nvidia announced on Friday a partnership with South Koreas SK Group on an AI initiative worth over $500 billion, encompassing the construction of large-scale AI data centers and next-generation memory technologies. The initiative includes a long-term partnership with SK Hynix to secure Nvidias supply of next-generation memory and to jointly develop high-bandwidth memory (HBM) for AI training, AI agents, and physical AI applications. SK Telecom plans to build a 2-gigawatt (GW) AI data center, utilizing Nvidias Vera Rubin chips and SK Hynixs HBM4 high-bandwidth memory. The first facility is expected to be operational by 2027.Mexican President Simbaum: I have instructed relevant departments to expedite preparations to resume livestock exports to the United States.On July 25th, Nvidia (NVDA.O) announced a $1 billion investment in South Korean internet and cloud service provider Naver for its ongoing AI data center project in South Korea. Nvidia stated that this funding will more than triple the size of Navers data center. The project, jointly developed by Naver and US private equity firm Brookfield Group, will be entirely powered by Nvidias AI computing hardware. In addition, Nvidia has partnered with SK Group to build an AI data center cluster in South Korea with a total computing power exceeding 2 gigawatts, a power load roughly equivalent to that of 1.5 million households. Nvidia revealed that its first AI computing power plant, built by SK Telecom, will be operational next year. Nvidia CEO Jensen Huang stated, "South Korea is entering a golden age of development. Its semiconductor industry and industrial sector are booming, giving it the complete capability to build AI infrastructure globally."1. British media: Russia is highly likely to launch a new round of large-scale airstrikes as early as tonight or in the next few days. 2. Ukrainian Prosecutor General: Russian airstrikes have killed 10 people in the Kyiv region. 3. Ukrainian President Zelensky told Trump ally Laura Lumer that he may visit Washington next week and meet with Trump again. 4. Ukrainian President Zelensky: Intelligence indicates that Russia plans to increase the number of troops stationed in Ukraine this fall. 5. EU High Representative for Foreign Affairs and Security Policy Kalas: EU sanctions aim to cut off Russias financial support for the war in Ukraine, making it more difficult for Russia to raise funds overseas. 6. Russia says it will wait for Trump to propose a new plan to end the war in Ukraine. 7. Ukrainian Agriculture Minister Vysotsky: The military is working to ensure the safe passage of existing food corridors. The government is willing to help with alternative export routes via rail and the Danube River. 8. White House official: US President Trump and Ukrainian President Zelensky will meet in Washington on July 28.U.S. Department of Agriculture: Starting August 24, the U.S. Department of Agriculture will open the Douglas Port of Entry in Arizona for cattle trade.

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.


Suggestion