EUR/USD 1.17606
0.129%
Gold 4347.66
0.665%
Oil 57.439
0.016%
USD/JPY 156.603
-0.043%
GBP/USD 1.34881
0.111%
GBP/JPY 211.231
0.081%
Browse More
  • English
  • 简体中文
  • 繁體中文
  • Tiếng Việt
  • ไทย
  • Indonesia
Subscribe
Real-time News
Hong Kong-listed semiconductor stocks continued their upward trend, with Hua Hong Semiconductor (01347.HK) surging over 8.5%, Chipwise Holdings (02166.HK) rising nearly 5%, China Electronics Huada Technology (00085.HK) and SMIC (00981.HK) both rising over 3%, and Shanghai Fudan (01385.HK), Solomon Semiconductor (02878.HK), and Hongguang Semiconductor (06908.HK) all gaining 2%.On January 2nd, ING Bank stated in a report that the Bank of Japans (BOJ) pace of interest rate hikes is likely to be "quite gradual." Min Joo Kang, the banks chief economist for Japan and South Korea, pointed out that Japanese financial markets are likely to remain volatile due to market concerns about Japans long-term fiscal health and rising debt repayment burden, which could impact economic performance. She stated, "Further fiscal stimulus could have a counterproductive effect on the economy." She added that the current government is highly likely to maintain an expansionary policy stance, which will pose a significant risk to the economy in 2026. The bank believes that the next BOJ rate hike is most likely to occur in October.Hong Kongs Hang Seng Tech Index surged, with tech stocks leading the gains. Hua Hong Semiconductor (01347.HK) jumped nearly 8%, Baidu (09888.HK) rose nearly 7%, Li Auto (02015.HK) climbed over 6%, and Alibaba (09988.HK), Tencent Holdings (00700.HK), and JD.com (09618.HK) all rose over 2.5%.Samsung Electronics shares rose 3.8% in South Korea, hitting a record high of 124,500 won.On January 2nd, the China Index Academy released its 2026 China Real Estate Market Outlook, which stated that in 2026, strengthened policy implementation, improved economic fundamentals, and improved expectations for residents employment and income will remain important foundations for the recovery of housing demand. Proactive policy measures will help accelerate the release of housing demand, but the market as a whole is still in the "de-stocking" phase. Affected by the significant reduction in new construction starts and land transactions in recent years, except for some core cities where new housing supply remains at a certain scale, most cities have limited new housing supply. The market is mainly focused on digesting existing unsold projects, and the recovery of market supply and demand still faces certain pressures. According to the "China Real Estate Industry Medium and Long-Term Development Dynamic Model," the national real estate market in 2026 is expected to show characteristics of "continued sales decline, low construction starts, and significant pressure for investment adjustments."

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.

Suggestion