EUR/USD 1.15853
-0.568%
Gold 4458.14
-3.118%
Oil 82.713
-0.301%
USD/JPY 160.075
0.430%
GBP/USD 1.35378
-0.402%
GBP/JPY 216.693
0.027%
Browse More
  • English
  • 简体中文
  • 繁體中文
  • Tiếng Việt
  • ไทย
  • Indonesia
Subscribe
Real-time News
On August 30th, Finnish President Alexander Stubb stated on Saturday that he does not believe Russia will attack NATO, "the worlds most powerful military alliance." However, in an interview with the German newspaper Bild, he said NATO should "prepare for the worst to prevent it from happening." Stubb pointed out that Russia has lost more soldiers than it recruited and judged that Russia may mobilize more troops in the fall, although this move would have "domestic political implications." He said Moscow is in an "increasingly complex situation," but emphasized that Russia will not end the conflict due to an economic downturn. He stated, "Never underestimate how much economic hardship the Russians can withstand."On August 30th, Yonhap News Agency reported that US President Trumps financial disclosures revealed he traded shares of e-commerce giant Coupang Inc. twice in June through a fund manager. Meanwhile, tensions between the US and South Korea continue to escalate over South Koreas regulatory handling of the massive data breach at the US-listed e-commerce giant. In July, the US House Judiciary Committee released a temporary staff report accusing the South Korean government of carrying out a "discriminatory attack" against Coupang and all other US companies, stating that Coupang has been a "consistently targeted entity."On August 30, Iraqi Prime Ministers Security Advisor Qassem Araji stated in a recent interview with Al Jazeera that Iraq maintains "good relations" with both Iran and the United States and seeks to act as a "bridge" for communication among all parties to reach an agreement that safeguards the interests of the entire region. He added that Iran has emphasized the necessity of eliminating extremist groups within Iraq.On August 30th, SK Hynix CEO Guo Luzheng stated that the company remains open to further investment in the US semiconductor industry, while predicting that the global memory chip shortage will continue until the end of 2030. "We are always open to more investment, but no decisions have been made yet," Guo Luzheng said. He stated that SK Hynix is searching globally for potential sites that can meet its R&D and testing needs, noting that electricity, water resources, and government incentives are key considerations. Guo Luzheng said, "We are open to any location that can provide sufficient infrastructure and resources." He also expressed hope that the company will bring "more good news" to the US artificial intelligence industry in the future.Iraqi Prime Ministers Security Advisor Qassem Araj: Iraq seeks to become a "bridge" between Iran and the United States.

As a Bearish-Pennant Forms, Sellers Have Entered the NZD/JPY Market

Daniel Rogers

Feb 09, 2023 15:14

NZD:JPY.png 

 

Throughout Wednesday's session, the NZD/JPY pair failed to gain upward/downward momentum, and as Thursday's Asian Pacific session begins, it is meandering at this week's lows. At the time of writing, the NZD/JPY exchange rate was 82.87, which was close to unchanged.

 

The daily chart for NZD/JPY displays the currency pair as neutral to slightly negative, although on Wednesday it failed to gain momentum. A doji appeared at the bottom of the week around 82.65, which may intensify a near-term consolidation. If this scenario plays out, the NZD/JPY will move between 82.65 and 83.00 for the remainder of the session, barring a catalyst that propels the pair above or below the range.

 

The initial upwards barrier for the NZD/JPY would be the 20-day Exponential Moving Average (EMA) at 83.44, followed by the 200-day EMA at 83.85. The weekly lows at 82.65 would provide the next support for the NZD/JPY, followed by the crucial 82.00 level.

 

In the immediate future, the formation of a bearish pennant on the NZD/JPY 1-hour chart indicates that further drops are imminent. A breach of the bottom trendline of the pennant will pave the way for additional losses, with the first leg of the slide targeting the S1 daily pivot at 82.62.

 

Next stop for the New Zealand dollar/Japanese yen downtrend would be the S2 pivot at 82.44, followed by the S3 daily pivot at 82.24.


Suggestion