• English
  • 简体中文
  • 繁體中文
  • Tiếng Việt
  • ไทย
  • Indonesia
Subscribe
Real-time News
On August 20th, the Trump administration took further steps to restrict immigrants eligibility for reimbursable portions of four tax credits designed to help students, workers, and families. According to the proposed rules released Wednesday, only U.S. citizens and certain aliens, including lawful permanent residents, asylum seekers, and refugees, would be eligible for reimbursable portions of tax credits for children, students, adoptive parents, and low- to middle-income workers. U.S. Treasury Secretary Bessenter stated in a statement, “Under President Trump’s leadership, the days of undocumented immigrants receiving taxpayer-funded benefits are over. Federal law is clear, and the Treasury is enforcing it.” The proposed restrictions would not only cover immigrants illegally staying in the U.S. but also some legally authorized immigrants working in the country. The Treasury estimates the proposal could save between $700 million and $2.6 billion annually.Canadian Trade Minister LeBlanc: Trade agreement negotiations with the United States are still ongoing.Canadian Prime Minister Carney: Canada is moving toward a trade agreement with the United States, and significant progress has been made in the negotiations.August 20th - As of July 22nd, France has experienced two consecutive heat waves, during which more than 7,000 excess deaths have been recorded. Meanwhile, the country, which experienced its hottest July in over a century, has also seen its industry and public health services severely impacted. The French Public Health Agency stated in a statement on Wednesday that at least 5,764 excess deaths were recorded between June 17th and July 2nd, and another 1,243 between July 3rd and 22nd. During the second heat wave, people aged 75 and over accounted for three-quarters of the deaths. This summers record-breaking heatwave sweeping Western Europe has placed immense pressure on public health services, triggered devastating wildfires, and disrupted numerous sectors, from transportation to food and energy production. July this year became the hottest month on record in France since temperatures began in 1900. Earlier this month, a French government minister stated that the heatwave could cause France economic losses of up to €15 billion ($17.5 billion).Israel Defense Forces: Four Hamas militant commanders were killed in an airstrike in the Gaza Strip.

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.