EUR/USD 1.14404
-0.019%
Gold 4015.33
0.979%
Oil 81.356
3.134%
USD/JPY 162.380
0.010%
GBP/USD 1.34578
-0.153%
GBP/JPY 218.532
-0.116%
Browse More
  • English
  • 简体中文
  • 繁體中文
  • Tiếng Việt
  • ไทย
  • Indonesia
Subscribe
Real-time News
July 18th - The 2026 World Artificial Intelligence Conference opened yesterday (July 17th) in Shanghai. At the sub-forum on "Artificial Intelligence and Energy: Two-Way Empowerment," an official from the National Energy Administration revealed that my country will accelerate the construction of a new energy system to provide a green foundation for the development of artificial intelligence. It is understood that during the "15th Five-Year Plan" period, inference load will exceed the previous training load, becoming the main consumption of computing power. The characteristics of latency sensitivity, large load fluctuations, and concentrated demand require that computing power collaboration shift from "spatial collaboration" to "multi-dimensional collaboration" between computing power load and the new power system. This necessitates the integrated layout of core elements such as intelligent computing power, large models, and corpus resources. Wang Hongzhi, Secretary of the Party Group and Director of the National Energy Administration, stated that nearly four out of every ten kilowatt-hours of electricity consumed in the whole society is green electricity. Sufficient and high-quality green electricity supply will promote green computing power from concept to practice, from the laboratory to application scenarios, ensuring that every kilowatt-hour of electricity is used to its fullest potential and that every token is associated with green development.1. The EU imposes sanctions on one Russian individual and five entities. 2. Ukrainian President Zelenskyy: Discussed the appointment of an acting defense minister with the new prime minister. 3. The commander of the Ukrainian drone force stated that Ukrainian drones have struck 12 Russian ships in the Black Sea. 4. The Ukrainian Port Authority: Russia attacked Ukrainian ports 23 times in the first two weeks of July. 5. Naftogaz: A Russian drone attack caused a gas production facility in Kharkiv Oblast to shut down. 6. The Russian Ministry of Defense: Russian forces struck 24 Ukrainian military vessels in the past week. 7. Ukrainian President Zelenskyy: Ukraine destroyed a Russian Tu-95 military aircraft at Engels Air Base.According to Iranian media reports, an explosion was heard in the Khorramabad region.US military: The US military has ended its seventh consecutive night of strikes against Iran.According to the Iranian news agency IRNA, Arab media reported that Iranian missiles successfully penetrated Jordans air defense system, claiming that the Patriot missile defense system failed to intercept them effectively.

NZD/USD falls rapidly from 0.6260 when the RBNZ announces a decline in inflation projections to 3.07 percent

Daniel Rogers

Aug 08, 2022 12:00

 截屏2022-08-08 上午11.52.29.png

 

The NZD/USD pair has encountered selling pressure while attempting to surpass the immediate resistance level of 0.6260. The asset has seen bids after the Reserve Bank of New Zealand (RBNZ) announced inflation estimates at 3.07 percent, down from 3.29 percent previously. It could be an indication of waning price pressure, but additional evidence is still needed to support the argument.

 

Price pressures in the New Zealand economy are increasing and have not yet shown signs of weariness. A June report indicates that an inflation rate of 7.3% is adequate to generate headwinds for families. The RBNZ is consistently escalating its policy tightening measures to combat the same. RBNZ Governor Adrian Orr has already increased the Official Cash Rate by 2.50 percentage points.

 

On the front of the US dollar, the US dollar index (DXY) has returned all intraday gains and is currently trading near the day's open at 106.60. While attempting to break over the crucial resistance level of 106.80, the DXY has encountered selling pressure. This week, investors' attention is centered on Wednesday's release of the US Consumer Price Index (CPI).

 

The annual inflation rate is projected to continue at 8.7 percent, down from 9.1 percent in the previous report. Oil prices have been on a downward trend in July, which may be the determining factor for a significant decline in the price increase index. While the US CPI excluding volatile food and oil prices may increase from 5.9 percent to 6.1 percent, the previous reading was 5.9 percent.

Suggestion