• English
  • 简体中文
  • 繁體中文
  • Tiếng Việt
  • ไทย
  • Indonesia
Subscribe
Real-time News
Total Energy CEO: India is a market with great potential for liquefied natural gas (LNG), but many people still prefer to use fuel oil when LNG prices are high.February 11th - Market consensus predicts that U.S. nonfarm payrolls will increase by 70,000 in January, up from 50,000 in December; the unemployment rate is expected to remain unchanged at 4.4%; and wage inflation, measured by average hourly earnings year-over-year, is expected to slow to 3.6% from 3.8%. TD Securities analysts noted that they expect job growth to remain subdued in January, with approximately 45,000 new jobs added. They stated, "We expect 40,000 new jobs in the private sector and about 5,000 in the government sector. Private sector growth is primarily concentrated in healthcare and construction. We expect the unemployment rate to continue showing signs of stabilization, remaining at 4.4%. The labor market remains in a state of low layoffs, low hiring. Average hourly earnings are expected to increase by 0.3% month-over-month and 3.7% year-over-year."February 11th Futures News: On February 11th, the Shanghai Futures Exchanges energy and chemical warehouse receipts and changes are as follows: 1. Pulp futures warehouse receipts: 131,427 tons, unchanged from the previous trading day; 2. Pulp futures mill warehouse receipts: 15,000 tons, unchanged from the previous trading day; 3. Offset paper futures warehouse receipts: 0 tons, unchanged from the previous trading day; 4. Offset paper futures mill warehouse receipts: 3,880 tons, unchanged from the previous trading day; 5. Fuel oil futures warehouse receipts: 0 tons, unchanged from the previous trading day. 6. Petroleum asphalt futures warehouse receipts: 13,580 tons, unchanged from the previous trading day; 7. Petroleum asphalt futures factory warehouse receipts: 34,710 tons, an increase of 5,000 tons from the previous trading day; 8. Medium-sulfur crude oil futures warehouse receipts: 3,464,000 barrels, unchanged from the previous trading day; 9. Low-sulfur fuel oil futures warehouse receipts: 4,980 tons, a decrease of 800 tons from the previous trading day; 10. Low-sulfur fuel oil futures factory warehouse receipts: 0 tons, unchanged from the previous trading day.February 11th - Geek+, a global logistics robotics company, recently launched Gino 1, the worlds first general-purpose humanoid robot designed for warehousing scenarios. This product is specifically designed for the entire warehousing operation chain, possessing multi-task capabilities such as picking, moving boxes, packing, and inspection. It truly achieves "one robot covering mainstream manual operation scenarios within the warehouse," leading the warehousing industry to achieve a key leap from "mobile intelligence" to "operational intelligence."Total Energy CEO: Demand will continue to rise given the EUs plan to ban Russian liquefied natural gas next year.

NZD/USD Price Analysis: Protects NZ Inflation-Induced Support Break; 0.6140 in Sight

Daniel Rogers

Apr 20, 2023 13:51

 NZD:USD.png

 

During the mid-Asian session on Thursday, NZD/USD bears maintain control at the lowest levels in five weeks while defending New Zealand (NZ) losses caused by inflation near 0.6160. This justifies not only the weaker-than-anticipated New Zealand inflation, but also the recent break of one-month-old horizontal support, which is now immediate resistance, as well as the bearish MACD signals.

 

As measured by the Consumer Price Index (CPI), the Reserve Bank of New Zealand (RBNZ) policy purists were unpleasantly surprised by New Zealand's (NZ) first-quarter (Q1) inflation. Despite this, the Quarter-over-Quarter change in the New Zealand Consumer Price Index (CPI) decreases from 1.7% and 1.4%, respectively, to 1.2%.

 

Following the publication of disappointing data, the NZD/USD pair breached a one-month-old horizontal support level, which is now acting as a barrier near 0.6170. The bearish MACD signals are now directing NZD/USD traders toward a horizontal support level that has been in place for 1.5 months and is located near 0.6140.

 

If the NZD/USD bears remain dominant above 0.6140, the 2023 low of 0.6085 cannot be ruled out.

 

The 200-day simple moving average hurdle of 0.6220 becomes crucial for NZD/USD investors to return.

 

If the NZD/USD pair remains above 0.6220, a run up to the previous weekly high around 0.6315 and then to the monthly high of 0.6386 cannot be ruled out.