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On July 22, Fu Bingfeng, Executive Vice President and Secretary-General of the China Association of Automobile Manufacturers, stated at the 2026 China Automotive Forum that the new problems and challenges exposed during the transformation of the automotive industry have become pressing issues that the industry urgently needs to address. First, market competition is intensifying, highlighting industry problems. Currently, the growth potential of the domestic automotive market is narrowing, moving towards a new stage of competition for existing market share. Enterprises must adhere to bottom lines, return to rationality, and achieve high-quality and healthy development. Second, the governance system and mechanisms urgently need further improvement to promote the industrys sound and sustainable development. Third, there are still certain shortcomings and gaps in the industrial and supply chains, including insufficient independent control over core technologies and high dependence on foreign sources for key upstream mineral resources. Fourth, globalization still faces many challenges.July 22 – The "15th Five-Year Plan for Forestry and Grassland Protection and Utilization" was released to the public on July 22. The plan proposes that by 2030, decisive victories will be achieved in the three landmark battles of the "Three-North" Project, the integration and optimization of nature reserves will be completed, the quality and service functions of forest, grassland, wetland, and desert ecosystems will be continuously enhanced, the diversified supply and consumption scenarios of forestry and grassland will be further enriched, and the total output value of the forestry and grassland industry will reach a new level. The plan outlines work in areas such as scientifically carrying out large-scale national greening actions, comprehensively promoting the construction of the nature reserve system, cultivating and expanding the forestry and grassland industry, collaboratively strengthening ecological security capacity building, continuously deepening reforms in key areas, and vigorously promoting innovation-driven development and open cooperation.July 22 – The 2026 World Internet Conference Digital Silk Road Development Forum, hosted by the World Internet Conference and organized by the Shaanxi Provincial Peoples Government, opened in Xian this morning (July 22). Approximately 800 guests from 52 countries and regions and 7 international organizations attended the forum. This is the third consecutive year that the World Internet Conference has held the Digital Silk Road Development Forum.The yield on Japans 40-year government bonds rose 2 basis points to 3.910%.Vietnam Airlines: The fleet expansion will include 10 aircraft leased from Sumitomo Mitsui Aviation Capital, 4 aircraft leased from Avolon, and 5 aircraft leased from Phoenix Aviation Capital, managed by AIP Capital. The aircraft planned for fleet expansion are scheduled for delivery in 2028.

Analysis of the NZD/USD Price indicates a continuation of gains towards 0.65

Daniel Rogers

Jan 18, 2023 15:02

 NZD:USD.png

 

The NZD/USD pair is oscillating within a narrow range near 0.6430 in the early Asian session. Despite the market's risk aversion, the New Zealand dollar has traded sideways after reclaiming the monthly high of 0.6437. In reaction to Tom Barkin's hawkish comments about the Richmond Federal Reserve (Fed) Bank, S&P500 futures are exhibiting greater losses, indicating investors' diminishing appetite for risk.

 

Following a V-shaped recovery, the US Dollar Index (DXY) has turned sideways at 102,000 and is expected to extend gains on a risk aversion theme. In addition, higher 10-year US Treasury yields would certainly provide safe-haven investments a new lease of life.

 

After one hour of consolidation, the NZD/USD pair has broken out of the Bullish Pennant chart pattern, indicating that the rising trend will continue. Participants typically initiate long positions during the consolidation period of a chart pattern, preferring to enter an auction once a bullish bias has been established.

 

Adding to the upward filters, the 20-period and 50-period Exponential Moving Averages (EMAs) have resumed their upward trend at 0.6415 and 0.6401, respectively.

 

Meanwhile, the Relative Strength Index (14) continues to struggle to enter the positive zone between 60.00 and 80.00. The occurrence of a similar event will produce bullish momentum.

 

For greater gains, the Kiwi asset must beat Tuesday's high of 0.6439, which will rocket it to December 15's high of 0.6470, then December 13's high of 0.6514.

 

Alternately, a breach below Monday's low of 0.6361 will weaken the New Zealand Dollar and push the Kiwi asset towards January 12's low of 0.6304. A breach below this level will expose the asset to more losses approaching the low of 0.6263 on December 28.

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