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On September 15th, data from the National Bureau of Statistics showed that in August, the year-on-year decline in new residential property prices in first-tier cities was 0.9%, a decrease of 0.2 percentage points compared to the previous month. Specifically, prices in Beijing, Guangzhou, and Shenzhen fell by 2.3%, 1.9%, and 2.3% respectively, while Shanghai saw an increase of 3.0%. In second- and third-tier cities, the year-on-year declines in new residential property prices were 2.7% and 4.1% respectively, both narrowing by 0.1 percentage points. In August, the year-on-year decline in existing residential property prices in first-tier cities was 2.7%, a decrease of 1.0 percentage point compared to the previous month. Specifically, prices in Beijing, Shanghai, Guangzhou, and Shenzhen fell by 3.5%, 0.8%, 3.8%, and 2.7% respectively. In second- and third-tier cities, the year-on-year declines in existing residential property prices were 4.9% and 5.6% respectively, both narrowing by 0.2 percentage points.New Residential Housing Prices: 1. Beijing: August new residential housing prices -0.2% month-on-month (previous value -0.3%), -2.3% year-on-year (previous value -2.3%). 2. Shanghai: August new residential housing prices +0.4% month-on-month (previous value +0.2%), +3.0% year-on-year (previous value +3.0%). 3. Guangzhou: August new residential housing prices +0.1% month-on-month (previous value +0.1%), -1.9% year-on-year (previous value -2.2%). 4. Shenzhen: August new residential housing prices +0.2% month-on-month (previous value +0.2%), -2.3% year-on-year (previous value -2.9%). Second-hand Residential Housing Prices: 1. Beijing: August second-hand residential housing prices -0.1% month-on-month (previous value 0.0%), -3.5% year-on-year (previous value -4.5%). 2. Shanghais existing home prices in August increased by 0.3% month-on-month (previous value +0.3%) and decreased by 0.8% year-on-year (previous value -2.0%). 3. Guangzhous existing home prices in August remained unchanged month-on-month (previous value +0.4%) and decreased by 3.8% year-on-year (previous value -4.7%). 4. Shenzhens existing home prices in August increased by 0.1% month-on-month (previous value +0.2%) and decreased by 2.7% year-on-year (previous value -3.6%).National Bureau of Statistics: Beijings second-hand housing prices in August decreased by 0.1% month-on-month (previous value +0%) and decreased by 3.5% year-on-year (previous value -4.5%).According to the National Bureau of Statistics, the price of second-hand residential properties in Shenzhen rose 0.1% month-on-month in August (up 0.2% in the previous month) and fell 2.7% year-on-year (down 3.6% in the previous month).September 15th - The 2026 China Carbon Market Conference was held in Wuhan, Hubei Province this morning, and the "National Carbon Market Development Report (2026)" was released at the conference. Reporters learned that as of the end of August, the national carbon emission trading market had accumulated transactions exceeding 900 million tons, with a transaction value exceeding 60 billion yuan. The national carbon market has grown from nothing to a significant stage, playing a crucial role in promoting the achievement of carbon peaking and carbon neutrality goals.

The USD/CHF pair encounters resistance around 0.9840, which is close to the 61.8 percent Fibo retracement level

Alina Haynes

Jul 13, 2022 10:51

 截屏2022-07-13 上午9.49.25.png

 

The USD/CHF pair has demonstrated a less certain return following a corrective slide from Tuesday's high of 0.9858. Since the asset's low of 0.9495 on June 29, bulls have maintained control of it.

 

The asset was unable to continue trading above the 0.9839, or 61.8 percent, Fibonacci retracement (which is based on the high in June of 1.0050 and the low on June 29 of 0.9495). However, a little decline following Tuesday's 0.9859 high does not signify a bearish reversal.

 

The 20-period and 50-period Exponential Advancing Averages (EMAs) are moving quickly at 0.9744 and 0.9733, respectively, adding to the upward filters.

 

Additionally, the Relative Strength Index (14) has not yet left the bullish region of 60.00-80.00, suggesting that further higher movement is still possible. However, given the overbought situation, more declines cannot be ruled out.

 

The asset will hit the round-level barrier at 0.9900 and the beginning price on June 16 at 0.9950 with a clear breach of Tuesday's top at 0.9859.

 

The Swiss franc bulls, on the other hand, might become more powerful if the asset drops below the 0.9708 38.2 percent Fibo retracement line. If the same thing happens again, the asset will reach its peak on July 1 of 0.9642. If the asset drops below the 1 July high, it will be more vulnerable to losses below the 0.9562 low on 4 July.

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