• English
  • 简体中文
  • 繁體中文
  • Tiếng Việt
  • ไทย
  • Indonesia
Subscribe
Real-time News
On August 1st, Yonhap News Agency reported that driven by strong demand for memory chips, South Koreas exports surged nearly 63% year-on-year to $98.99 billion in July, marking the second-highest monthly export value on record, second only to Junes $102.2 billion. Imports increased by 26.5% to $68.56 billion, resulting in a trade surplus of $30.32 billion. By industry, semiconductor exports skyrocketed 179% to $41 billion, exceeding the $40 billion mark for the second consecutive month. Despite intensified competition, global memory product prices remained high. Data shows that exports to the US surged 68.7% to $17.4 billion, driven by AI data center investment projects launched by major high-tech companies. South Korean Minister of Trade, Industry and Energy Kim Jung-kwan stated that, driven by the strong performance of the semiconductor industry, 19 of South Koreas 20 major export categories achieved growth, demonstrating the significant effectiveness of export diversification.August 1st - According to the China State Railway Group, the two-month summer railway travel season, which began on July 1st and lasted until July 31st, saw a total of 432 million passenger trips. Since the start of the summer travel season, passenger flow has been concentrated in the Chengdu-Chongqing, Beijing-Tianjin-Hebei, Yangtze River Delta, and Guangdong-Hong Kong-Macau Greater Bay Area regions. Data shows that as of July 31st, the Beijing Railway Bureau of China State Railway Group transported a total of 38.774 million passengers, and the Guangzhou Railway Bureau of China State Railway Group transported a total of 58.925 million passengers.August 1, 2026 - Li Auto announced its July 2026 delivery figures. In July 2026, Li Auto delivered 30,468 new vehicles. As of July 31, 2026, Li Autos cumulative historical deliveries will reach 1,764,155 vehicles.DeepBlue Autos: Global sales in July 2026 reached 29,213 units, a year-on-year increase of 7.52%; cumulative global sales from January to July reached 193,369 units, a year-on-year increase of 13.48%; cumulative global sales exceeded 910,000 units.1. A missile attack in the Ukrainian capital injured 12 people. 2. Trump denied allowing Ukraine to produce Patriot interceptor missiles. 3. Polish Defense Minister: Polish F-16 fighter jets intercepted a Russian reconnaissance plane in the Baltic Sea. 4. Ukrainian President Zelensky: He spoke by phone with US Vice President Vance to discuss the outcome of his recent meeting with Trump in Washington. 5. Russian Grain Exporters and Producers Union: Attacks in the Black Sea region could lead to a complete blockade of export routes in the near future. 6. Ukrainian President Zelensky: Ukraine attacked Russian logistics facilities in three regions and a maritime terminal in the Krasnodar region of Russia. 7. Russian Ministry of Defense: Russian forces attacked a Ukrainian mail sorting center in the Dnipropetrovsk region, a fuel storage depot and oil refinery in Odessa, and struck a ship delivering supplies to the Ukrainian army in the Black Sea.

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.