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According to Hong Kong Stock Exchange documents, Suzhou Jiuwu Intelligent Technology Co., Ltd. has submitted a listing application to the Hong Kong Stock Exchange.January 19th - The "Suggestions" propose improving the education resource allocation mechanism to adapt to population changes, strengthening the cross-grade allocation of basic education school buildings and teachers, and ensuring the overall stable growth of the citys education fiscal investment. It also calls for implementing the national policy of steadily expanding the scope of free education and exploring the extension of compulsory education years.On January 19th, the "Suggestions of the Shanghai Municipal Committee of the Communist Party of China on Formulating the 15th Five-Year Plan for National Economic and Social Development of Shanghai" were released. The suggestions propose to serve the construction of a unified national market, eliminate barriers in areas such as access to factors of production, qualification certification, bidding and tendering, and government procurement, promote cross-regional alignment of law enforcement standards, strengthen comprehensive rectification of "involutionary" competition, improve the circulation system, and further reduce overall social logistics costs. The suggestions also emphasize leveraging the role of proactive fiscal policy, optimizing the structure of fiscal expenditures, deepening the reform of cost budget performance management, strengthening the management of government investment funds, and deepening zero-based budgeting reform. Furthermore, the suggestions call for improving the unified urban and rural construction land market, strengthening the full-cycle value management of land, deepening mixed land use and flexible supply, steadily promoting the extension and renewal of land use rights in accordance with the law, improving the integrated land reserve mechanism of planning, storage, supply, and use, strengthening the management of temporary space utilization, and increasing efforts to revitalize and utilize inefficient land.On January 19th, the "Suggestions of the Shanghai Municipal Committee of the Communist Party of China on Formulating the 15th Five-Year Plan for National Economic and Social Development of Shanghai" were released. The suggestions propose accelerating the improvement of the modern financial system. This includes establishing a robust and functional financial market system, actively developing direct financing, improving the capital market functions to coordinate investment and financing, promoting the high-quality development of a multi-tiered equity market, strengthening the functions of the bond market, steadily and orderly developing the futures and derivatives markets, deepening the pilot program for the registration of trust property, and continuously enhancing the functions of the international gold trading platform.On January 19th, the "Suggestions of the Shanghai Municipal Committee of the Communist Party of China on Formulating the 15th Five-Year Plan for National Economic and Social Development of Shanghai" were released. The suggestions propose accelerating the construction of a global RMB asset allocation center and risk management center. They also call for expanding cross-border and offshore financial services, deepening the facilitation of cross-border investment, financing, and settlement, enriching exchange rate hedging tools, optimizing the offshore account system, promoting the development of offshore credit and free trade zone offshore bonds, improving the legal and regulatory system and business rules, and creating an offshore financial (economic) functional zone. Furthermore, the suggestions emphasize deepening the interconnection between domestic and international financial markets, actively promoting the establishment of the Shanghai International Financial Asset Exchange Platform, and exploring pilot programs for RMB foreign exchange futures trading. Finally, the suggestions support financial institutions in expanding their global service networks, enriching the variety of RMB-denominated financial assets, and promoting the internationalization of the RMB.

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

Daniel Rogers

Apr 20, 2023 13:51

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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.