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June 26 – The Hong Kong Special Administrative Region (HKSAR) Government today (June 26) published the relevant railway proposals for the Hong Kong section of the North Link branch line in the Gazette, in accordance with the provisions of the Railway Ordinance (Chapter 519). The HKSAR Government previously signed the first part of the project agreement for the North Link project (including the main line and branch line) with the MTR Corporation Limited (MTR), commencing the more mature and urgent works of the main line project, while simultaneously requesting the MTR Corporation to conduct detailed planning and design for the North Link branch line. The North Link branch line includes an approximately six-kilometer-long underground railway starting from San Tin Station on the main line, with approximately five kilometers in Hong Kong and approximately one kilometer in Shenzhen. The North Link branch line will have three new railway stations: two new stations in the San Tin Science and Technology City area (Zhou Tou and He Tao areas) in Hong Kong, and one new station at the new Huanggang Port in Shenzhen.June 26 - According to the Japan Meteorological Agency, a 5.8-magnitude earthquake struck northeastern Chiba Prefecture, Japan, at approximately 12:46 p.m. local time on June 26. The strongest tremor was felt at an intensity of 4, with a focal depth of 50 kilometers. Strong tremors were reportedly felt in the Tokyo area.Market news: An earthquake struck Tokyo, Japan, causing buildings to sway.On June 26, according to Qichacha APP, Beijing Jingtie Northeast Ring Railway Operation and Management Co., Ltd. was recently established. The legal representative is Zhang Ying, and the registered capital is approximately 8.9 billion yuan. Its business scope includes: sales of renewable resources; land remediation services; engineering management services; non-residential real estate leasing; overseas contracting projects; and construction engineering design. Qichachas equity penetration analysis shows that the company is wholly owned by China Railway Beijing Bureau Group Co., Ltd., a subsidiary of China State Railway Group Co., Ltd.Sources say Qatar is offering crude oil for July and August shipments through a tender process.

NZD/USD Price Analysis: Struggles to sustain the recovery from the 0.6370 support converging

Daniel Rogers

Dec 13, 2022 15:03

 NZD:USD.png

 

NZD/USD is trading near 0.6390 in the early hours of Tuesday as Kiwi pair traders look for additional signs to prolong the current rebound from the significant support convergence. In doing so, the statement demonstrates the market's caution ahead of the United States' November inflation data, namely the Consumer Price Index (CPI) (CPI).

 

Although NZD/USD reversed a three-day gain the day before, bears were unable to breach the 50-bar Simple Moving Average (SMA) and a one-week-old ascending support line near 0.6370.

 

However, the pair's comeback conflicts with the negative MACD signals to challenge NZD/USD buyers. The downward-sloping resistance line from 5 December, which was approaching 0.6420 at press time, might also threaten the rising momentum of the New Zealand dollar pair.

 

If the NZD/USD maintains firmer than 0.6420, it is probable that the monthly high around 0.6475-80 will be retested.

 

In contrast, a decisive violation of the 0.6370 support confluence might fast send the price to the previous weekly low near the round number 0.6300.

 

However, at 0.6290 and 0.6280, the 100-day simple moving average (SMA) and 61.8% Fibonacci retracement level of the NZD/USD pair's gain from November 28 to December 1 could pose a challenge to bearish.


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