• English
  • 简体中文
  • 繁體中文
  • Tiếng Việt
  • ไทย
  • Indonesia
Subscribe
Real-time News
July 17th Futures News: Looking ahead to next week, the escalating and ongoing conflict will provide continued upward momentum for the crude oil market. However, the possibility of the US returning to the negotiating table cannot be ruled out, which would limit the price increase. Overall, international oil prices may continue to rise in the short term. On the supply side, there are currently no new refinery maintenance or resumption of operations in Shandong, and the refinery operating rate is trending towards stability, with the overall operation remaining stable. As for major refineries, Qingyang Petrochemical plans maintenance, resulting in a slight decrease in the operating rate, and the supply of gasoline and diesel resources is relatively stable. On the demand side, driven by the continuously rising market, companies with low inventory have made moderate restocking, but terminal demand has not shown a significant increase, resource consumption is slow, and large-scale market operations are cautious. Next week, the retail price increase window will materialize, and the new round of price adjustments still shows an upward expectation. While there is still positive news support, terminal market demand is unlikely to keep up, putting pressure on high prices. A slight decline in gasoline and diesel prices cannot be ruled out.July 17 - Data released by the State Administration of Foreign Exchange on July 17 shows that in the first half of this year, banks foreign exchange receipts and payments on behalf of customers totaled US$9.2 trillion, a year-on-year increase of 21%. Banks foreign exchange settlement and sales totaled US$2.9 trillion, a year-on-year increase of 24%, both record highs for the same period. my countrys foreign-related economy maintained a good momentum of development, with cross-border trade and investment becoming more active.July 17 - On the morning of July 17, President Xi Jinping attended the opening ceremony of the 2026 World Artificial Intelligence Conference and the High-level Meeting on Global Governance of Artificial Intelligence in Shanghai.On July 17th, according to CNN, US President Trump addressed the American people during a rare wartime prime-time session, but he did not use the opportunity to clearly outline his strategy for dealing with the escalating conflict with Iran. In fact, he barely mentioned the conflict. "We have the most powerful and effective military in the world today. Thats what I built during my first term, but unfortunately, were now forced to use it," he said, adding that the US is "winning big on Iran, and youll soon see the results of those efforts." This was Trumps only mention of the conflict.The Hang Seng Tech Index fell further to 2%, while the Hang Seng Index is currently down 0.59%.

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.