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On June 9th, it was reported that on June 7th, Xu Shubiao, General Manager of State Power Investment Corporation (SPIC), met with Liang Huiling, Deputy Secretary of the Heilongjiang Provincial Party Committee and Governor of Heilongjiang Province, in Harbin to exchange views on deepening cooperation in the energy sector and jointly promoting the revitalization and development of Heilongjiang. Since the beginning of this year, SPIC has held working talks with Inner Mongolia, Qinghai, Henan, Hainan, Gansu, Jilin, Fangchenggang City of Guangxi Zhuang Autonomous Region, Xilingol League of Inner Mongolia Autonomous Region, Zhanjiang City of Guangdong Province, and the Hengqin-Macau Greater Bay Area in Guangdong Province, exchanging views on jointly planning key cooperation projects during the 15th Five-Year Plan period. Heilongjiang Province is willing to work with SPIC to deepen cooperation between the central and local governments and achieve win-win development in serving national strategies. This includes planning and constructing heavy-duty gas turbine projects, deeply participating in Heilongjiangs electricity-computer synergy pilot project and zero-carbon industrial park construction, and actively developing biomass straw and livestock manure resource utilization projects.According to the General Administration of Customs, Chinas crude oil imports in May 2026 totaled 33.081 million tons, compared to 38.471 million tons in April. From January to May 2026, Chinas crude oil imports totaled 218.364 million tons, compared to 229.457 million tons in the same period of 2025.According to the General Administration of Customs, Chinas refined oil exports in May 2026 reached 3.368 million tons, compared to 3.119 million tons in April. From January to May 2026, Chinas refined oil exports totaled 19.233 million tons, compared to 21.843 million tons in the same period of 2025.June 9th - According to customs data, in the first five months of the year, my countrys total trade with ASEAN reached 3.52 trillion yuan, a 16.6% increase; trade with the EU reached 2.53 trillion yuan, a 10.3% increase; and trade with the US reached 1.61 trillion yuan, a 6.6% decrease. During the same period, my countrys total imports and exports with countries participating in the Belt and Road Initiative reached 10.57 trillion yuan, a 13.6% increase.June 9th - A COVID-19 report released by the Democratic Republic of Congos (DRC) Ministry of Health on June 8th showed that the overall Ebola outbreak in the country continues to rise. As of June 7th, the cumulative number of confirmed cases in this outbreak had risen to 550, with 101 deaths. The report also indicated that the total number of recovered cases in the DRC has increased to 19. The report stated that while the recent number of newly reported cases has slightly decreased, this may be related to lag in updating testing data and does not yet indicate that the spread of the epidemic has weakened.

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.