EUR/USD 1.17743
0.000%
Gold 4460.30
-1.567%
Oil 57.654
1.459%
USD/JPY 156.252
-0.151%
GBP/USD 1.35005
-0.017%
GBP/JPY 210.954
-0.166%
Browse More
  • English
  • 简体中文
  • 繁體中文
  • Tiếng Việt
  • ไทย
  • Indonesia
Subscribe
Real-time News
U.S.-listed gold mining stocks fell in pre-market trading, with Cordell Minerals (CDE.N) down 3.18%, Kinross Gold (KGC.N) down 2.3%, Harmony Gold (HMY.N) down 1.79%, and Gold Fields (GFI.N) down 0.64%.On December 29th, Southchip Technology announced that it plans to sign a "Technology Development Licensing Agreement" with Xingzhi Storage Technology (Suzhou) Co., Ltd., entrusting Xingzhi to customize and develop IP compatible with the cooperating manufacturer and its products, and obtaining a perpetual license for the IP products delivered by Suzhou Xingzhi. Suzhou Xingzhi is engaged in the design, research and development, sales and professional technical services of new memory chips and embedded storage IP, and has storage IP development capabilities.On December 29th, Yonghui Superstores announced its plan to transfer 28.095% of its stake in its subsidiary, Yunjin Technology, through a public listing on the Chongqing United Property Exchange. The transfer price is based on Yunjin Technologys net assets of 632 million yuan as of November 30, 2025, calculated according to the shareholding ratio, with an initial listing price of 178 million yuan. The final transfer price will depend on the transferees offer and will be determined by the results of the public listing.On December 29th, the Shanghai Municipal Commission of Commerce and 16 other departments issued "Several Measures on Further Expanding Service Consumption in Shanghai." The measures support "digital+" integration scenarios. They promote the application of digital technologies such as AR and VR with green and low-carbon technologies to create immersive, interactive, and green sustainable diversified service consumption scenarios. Support is also given to the development of integration scenarios such as "technology + tourism" and "technology + cultural heritage." The measures encourage e-commerce platforms to develop instant service consumption models. Furthermore, the measures recommend typical application cases of "artificial intelligence + consumption," and utilize "computing power vouchers, model vouchers, and corpus vouchers" to increase support for large-scale consumer models, creating a number of intelligent integration scenarios.On December 29th, the Shanghai Municipal Commission of Commerce and 16 other departments issued "Several Measures on Further Expanding Service Consumption in Shanghai." The measures emphasize expanding high-level opening-up in the service sector. They call for leveraging pilot policies for expanding opening-up in telecommunications and related digital industries, healthcare and wellness, and commerce, culture, and tourism to attract foreign investment projects in value-added telecommunications, biotechnology, and wholly-owned hospitals. Focusing on the needs of residents daily consumption, the measures also call for orderly expansion of imports of high-quality services such as healthcare and culture, and the organization of international film screenings and exchange and cooperation activities. Furthermore, the measures aim to expand cooperation with globally renowned universities and conduct high-level cooperative education programs.

Price of USD/CHF Nearing New Three-Year High Above 1.0070

Daniel Rogers

Oct 21, 2022 15:09

截屏2022-10-21 上午10.08.56.png 

 

During the Tokyo session, the USD/CHF pair surpassed its immediate barrier at 1.0050 and is set to attempt a three-year high reached on October 13 at 1.0074. The negative market sentiment brought on by late selling in the S&P 500 and rising rates has bolstered the dollar bulls.

 

The 10-year US Treasury yields reached 4.23 percent as a result of a surge in wagers on an anticipated rate hike announcement by the Federal Reserve (Fed). At the time of publication, the US dollar index (DXY) had surpassed the key 113.00 mark.

 

Daily, the asset is trading in a narrow range between 1.0048 and 1.0074 in the direction of the supply zone. The 20-period and 50-period Exponential Moving Averages (EMAs) are vertically aligned to the north, which confirms the upward filters.

 

Similarly, the Relative Strength Index (14) anticipates a move towards the bullish zone between 60.00 and 80.00. A similar scenario will further strengthen the greenback bulls.

 

If the asset surpasses its peak of 1.0074 on October 13, it will reach a fresh three-year high. The predominant trend is toward the round-number resistance level of 1.0100, followed by the 15 April 2019 peak of 1.0160.

 

Alternatively, the bulls of the Swiss franc may regain control if the asset breaches the September 29 low of 0.9742. This would result in the pair reaching a high of 0.9695 on September 19 and a low of 0.9620 on September 22.

Suggestion