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Lexin Outdoor (02720.HK) opened more than 96% higher on its first day of trading in Hong Kong, at HK$24.02 per share.On Tuesday, February 10, the Hong Kong Hang Seng Index opened 175.8 points higher, or 0.65%, at 27,202.96; the Hang Seng Tech Index opened 44.36 points higher, or 0.82%, at 5,461.96; the H-share Index opened 58.23 points higher, or 0.64%, at 9,226.56; and the Red Chip Index opened 5.7 points higher, or 0.13%, at 4,401.19.Hong Kong stocks opened higher, with the Hang Seng Index up 0.65% and the Tech Index up 0.82%. Zijin Mining (02899.HK) rose nearly 3%, Pop Mart (09992.HK) and NetEase (09999.HK) both rose more than 2.3%, and JD.com (09618.HK), Alibaba (09988.HK), and SMIC (00981.HK) all rose more than 1.1%.On February 10th, the State Administration for Market Regulation (National Standardization Administration) approved and released a batch of important national standards covering emerging fields, transportation and logistics, ecological and environmental protection, work safety, and peoples livelihoods. These standards will play a significant role in improving the quality of life and protecting the safety of life and property. In emerging fields, five national standards were released, including those for brain-computer interfaces and digital twins, clarifying basic specifications such as reference frameworks and data formats to support high-quality development in cutting-edge technologies. Forty-seven national standards were released, including those for aluminum nitride single-crystal polished wafers and carbon fiber reinforced composite materials, to support the innovative development of the new materials industry. Fifteen national standards for laboratory animals were released, including technical specifications for animal model identification and evaluation and methods for detecting dermatopathogenic fungi, to better support biotechnology research and application through laboratory animals.In 2025, the total revenue of my countrys logistics industry will reach 14.3 trillion yuan, a year-on-year increase of 4.1%.

The EUR/USD Price Analysis Is Supported By Rebounds From 1.0840-45

Alina Haynes

Apr 11, 2023 14:37

EUR:USD.png 

 

On Tuesday morning, the EUR/USD reaches a new intraday peak near 1.0880 as bulls attempt to regain control following a two-day downtrend. Consequently, the Euro-U.S. dollar pair recovers after the convergence of the 100-day simple moving average and a two-week-long ascending support line.

 

However, the recovery movements of the major currency pair remain elusive unless the quote remains below the 13-day-old horizontal resistance area surrounding 1.0930.

 

A one-week-old descending trend line near 1.0900 is protecting the EUR/USD pair's near-term upside at press time.

 

In the event that the EUR/USD pair maintains strength above 1.0930, the 1.0975 monthly high may serve as the last line of defense for pair sellers before pushing the price to February's high of 1.1033.

 

Alternately, a breach of the 1.0840-45 support confluence would drive the price to the 1.0788 monthly low without hesitation.

 

Future EUR/USD skeptics may be challenged by the 50% and 61.8% Fibonacci retracement levels of the pair's March-April upswing, respectively near 1.0745 and 1.0690.

 

To restore market confidence, supporters of the EUR/USD must surpass 1.0930. The quote remains on the bears' radar despite the fact that 1.0845-40 limits the near-term decline.


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