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On May 15, it was reported that Wu Qing, Chairman of the China Securities Regulatory Commission (CSRC), will attend the International Organization of Securities Commissions (IOSCO) Board of Governors meeting via video link on May 12, 2026. He will engage in in-depth discussions with Board members on topics such as the development of global capital markets, the resilience of capital market operations under new technological environments, and reforms to the IOSCO working mechanism. Liu Haoling, Vice Chairman of the CSRC, also participated in the meeting.Italys FTSE MIB index fell by 2.00% during the day.On May 15th, Commerzbank analyst Michael Pfister stated in a report that the pound may weaken further against the euro in the coming weeks due to rising political uncertainty in the UK and fiscal concerns stemming from a potential internal party challenge to Prime Minister Keir Starmer. He pointed out that political uncertainty "rarely benefits a countrys currency," and it remains unclear what policies a potential successor would pursue if Starmer were replaced. Pfister noted that the UKs November budget included measures to reduce the fiscal deficit, "but the new prime minister may have different ideas, which will reignite market concerns about fiscal issues."On May 15th, it was reported that the 2026 National Data Expert Advisory Committee Plenary Meeting was held in Beijing on May 12th. Liu Liehong, Secretary of the Party Leadership Group and Director of the National Data Administration, attended the meeting and delivered a speech. The meeting summarized the committees work in 2025, arranged key tasks for this year, and conducted in-depth discussions on five topics: optimizing and upgrading the construction of comprehensive data element pilot zones; key issues in data governance and circulation; the strategic layout and innovative measures of the "15th Five-Year Plan" for the digital economy; pricing, revenue, and distribution mechanisms for high-quality datasets; and global data governance under the UN Global Digital Compact.According to NHK, no tsunami warning was issued after the earthquake in Japan.

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.


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