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The US Treasury auction for the four weeks ending January 22nd yielded a winning bid of 3.63%, compared to 3.595% previously.US Treasury auction results for the four weeks ending January 22: bid-to-cover ratio 2.86, compared to 2.92 previously.On January 23, Danish Prime Minister Helen Frederiksen addressed the media after meeting with British Prime Minister Keir Starmer on January 22. Frederiksen stated that Denmark is participating in negotiations on a framework agreement for Greenland, and that these negotiations are being conducted in close cooperation with Greenland. She clarified that NATO is not authorized to represent Denmark in negotiations with Greenland. She indicated that Denmark has begun cooperating with the US government and is clarifying how this work will proceed. She reiterated that Denmark has consistently hoped to reach an agreement with the US within the bounds of diplomatic rules.Greenlands Prime Minister: The current remarks by the United States are "unacceptable".January 23 – According to the Financial Times, Elon Musks rocket manufacturer SpaceX is seeking Wall Street investment banks for a "mega" IPO, expected to be one of the largest in history. Sources familiar with the matter revealed that Bank of America, Goldman Sachs, JPMorgan Chase, and Morgan Stanley have been appointed as lead underwriters for the IPO, responsible for leading the listing process. SpaceX executives have held talks with several investment banks in recent weeks, and the company is preparing for an IPO that could launch as early as this year. Currently, SpaceX is conducting a round of existing share sales, valuing the company at approximately $800 billion. Sources also indicated that other investment banks are likely to be involved in the underwriting, but emphasized that the arrangements are not yet finalized and the situation is still subject to change.

Gold Price Prediction: XAU/USD looks daily close for bear pennant confirmation; downward remains preferred

Daniel Rogers

Sep 22, 2022 14:49

 截屏2022-09-21 下午5.02.08_1024x576.png

 

"The non-interest-bearing yellow metal appears vulnerable as Switzerland and the United Kingdom tighten monetary policy in the upcoming session. In the event that tensions between Russia and the West escalate, the dollar may experience more gains, as the flight to safety may continue in full force. In the foreseeable future, XAU/USD appears to be in a lose-lose situation."

 

"On Wednesday, the gold price temporarily violated the rising trendline support at $1,664, but avoided confirmation of a bear pennant by completing the day near $1,674. A daily closure below the support is required for the bearish continuation pattern to be confirmed. The psychological level of $1,650 will be the initial line of defense, below which buyers will seek a sustained advance into the subsequent support at about $1,642."

 

"On the other hand, any attempts at a comeback will require acceptance above the current range highs at $1,680." The next obstacle to the upward is positioned near $1,700. Daily closure above the latter is crucial for releasing the additional recovery towards the bearish 21-day moving average (DMA) at $1,704."

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