EUR/USD 1.16858
0.026%
Gold 4789.46
-0.884%
Oil 60.654
0.064%
USD/JPY 158.447
0.093%
GBP/USD 1.34245
-0.051%
GBP/JPY 212.712
0.069%
Browse More
  • English
  • 简体中文
  • 繁體中文
  • Tiếng Việt
  • ไทย
  • Indonesia
Subscribe
Real-time News
On January 22nd, CICC issued a report stating that Skyworth Group (00751.HK) announced the day before that it plans to distribute all of its Skyworth Solar shares to all shareholders. Skyworth Solar will be listed on the Main Board of the Hong Kong Stock Exchange by way of introduction. This process does not involve a public offering of new shares, and a share buyback will be conducted to achieve privatization. CICC maintained its 2025 and 2026 earnings forecasts largely unchanged, and introduced a 2027 earnings forecast of RMB 918 million for the first time. Considering the companys proposed spin-off listing, the intrinsic value of its new energy business is expected to be fully reflected. CICC raised its target price by 100% to HKD 8, corresponding to a P/E ratio of 17x and 15x for 2026 and 2027 respectively. The rating is "Outperform".LG Energy Solutions shares rose 5.8% as Teslas stock price surged, driving a rebound in South Korean battery stocks.Samsung SDI shares rose 16% to 376,000 won.January 22nd - The 2026 National Tobacco Work Conference was held in Beijing from January 18th to 19th. Regarding the work for 2026, Li Lecheng emphasized the need to prioritize the stable operation of the tobacco economy, placing it as a priority, promoting cost reduction and efficiency improvement across the entire industry chain, and accelerating the cultivation of new economic growth points; to focus on developing new quality productivity, actively integrating into the national innovation system and the layout of international science and technology innovation centers, and promoting the deep integration of technological and industrial innovation; and to focus on building a strong and high-quality modern tobacco industry system, accelerating the optimization and upgrading of the industrial structure. He also stressed the importance of strengthening market supervision, cracking down on tobacco-related illegal activities across the entire chain, and improving the regulatory effectiveness of e-cigarettes and various new tobacco-related products.On January 22, Zhijie Auto announced that its Zhijie R7 pure electric Ultra version achieved the lowest drag coefficient among mass-produced SUVs in the industry, with a measured drag coefficient of 0.217Cd at 120km/h and 23℃ in a professional wind tunnel test conducted by the China Automotive Technology and Research Center.

Silver price analysis: XAG/USD declines from a 13-day-old resistance line below $21.00

Daniel Rogers

Mar 13, 2023 11:37

 截屏2022-07-29 上午11.05.40.png

 

Silver price (XAG/USD) maintains modest gains near $20.60 as it probes the metal's retreat from a key short-term resistance line on Monday morning. Despite this, the XAG/USD maintains its three-day winning trend and extends yesterday's recovery from the lowest levels since November 4, 2022.

 

Nonetheless, the impending bear cross on the MACD and the bullion's inability to remain above the 200-SMA, not to mention the failure to cross a two-week-old resistance line, give Silver price bears reason for optimism.

 

Consequently, the bullion remains on track to retest the two-week-old horizontal support zone close to $20.40. However, the metal's further decline may make it difficult to break the $20.00 psychological magnet.

 

The focus will then shift to the monthly low of $19.95 and the November 2022 low around $18.85.

 

On the contrary, recovery movements remain elusive unless the XAG/USD remains below the downward-sloping resistance line from late February, around $20.90 at the latest. The $21.00 round number also functions as an upside filter.

 

The previous week's high near $21.30 may serve as the last line of defense for the XAG/USD skeptics if Silver purchasers maintain control above $21.00.


Suggestion