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Oil prices fell following the US-Iran peace agreement, causing cruise line operators shares to rise in pre-market trading. Norwegian Cruise Line (NCLH.N) and Royal Caribbean International rose 4%, while Carnival Cruise Line (CCL.N) gained approximately 3%.On June 15th, it was reported that the secondary market trading price of the Fullgoal ChiNext ETF (ticker symbol: Fullgoal ChiNext ETF; fund code: 159971), managed by Fullgoal Fund Management Co., Ltd., has been significantly higher than its Indicative Indicative Net Asset Value (IOPV), exhibiting a substantial premium. To protect investors interests, trading in this fund will be suspended from the opening of the market on June 16, 2026, and will resume at 10:30 AM on the same day. Redemption services will continue as usual during the suspension period. If the premium in the secondary market trading price of this fund does not effectively decrease on June 16, 2026, the fund has the right to apply to the Shenzhen Stock Exchange for temporary intraday trading suspension, extension of the suspension period, or continuous suspension to warn the market of the risk. Specific details will be announced at that time.June 15th - Lee Hardman of MUFG Bank stated in a report that despite the decline in energy prices following the interim peace agreement between the US and Iran, the yen is unlikely to achieve a meaningful recovery. Short positions in the yen continued to increase ahead of the Bank of Japans policy decision on Tuesday. "The 25 basis point rate hike has already been fully priced in, so its unlikely to trigger a reversal of the yens weakness on its own, thus encouraging further increases in short yen positions," he said. He added that if energy prices continue to fall and bets on US rate hikes decrease, any further intervention by Japanese authorities to support the yen will prove more effective.On June 15th, Agile Group Holdings Limited (01813.HK) announced the latest progress in its offshore debt restructuring. Over the past few months, the Company and members of the Noteholders Group, along with their respective advisors, have engaged in constructive dialogue to reach a consensus on the restructuring. The Company is pleased to announce that on June 15, 2026, it entered into a restructuring support agreement with certain initial participating creditors. These initial participating creditors include members of the Noteholders Group, who hold more than 26.1% of the total outstanding principal amount of the debt to be included in the restructuring. The restructuring support agreement outlines the terms of the restructuring. The proposed restructuring aims to: (i) provide the Company with a long-term path to stabilize its business; (ii) achieve a sustainable capital structure and enhance its net asset value; and (iii) protect the interests of all stakeholders and maximize value.June 15th - European Central Bank (ECB) Governing Council member Kazmir stated on Monday that the ECB has taken the first step in curbing price pressures, but it is increasingly clear that more action is needed. The ECB raised interest rates last Thursday for the first time in nearly three years, attempting to curb inflation before the surge in energy costs triggered by the US-Israel war against Iran spreads further throughout the Eurozone. In his article, Kazmir stated, "Now is not the time for complacency and hesitation. Higher energy costs are likely to persist for longer than many had hoped. Even with the recent peace agreement between the US and Iran, the damage inflicted on the Middle East cannot be erased overnight." He indicated that if the ECB does not act, a second wave of effects from rising energy prices will emerge. "We have taken the first step in curbing medium-term price pressures, but the task is not yet complete. Based on the information currently available, it is increasingly clear that monetary policy has much more to do."

The chances of a bearish reversal for the USD/CHF rise as bears test the 200-EMA

Daniel Rogers

Jul 19, 2022 11:59

 截屏2022-07-19 上午10.03.58.png

 

The USD/CHF pair has gone sideways after exhibiting volatile volatility on Monday. The asset will likely trade sideways until volatility decreases since it hits resistance at 0.9780. As a result of failing to exceed the crucial resistance level of 0.09000, the asset saw a substantial fall.

 

A major negative reversal was foreseen by the formation of the Double Top chart pattern when the price failed to maintain its position above Tuesday's high at 0.9859. The aforementioned chart pattern frequently indicates waning demand at high levels. A negative reversal is now more likely as a result of the development of a selling tail around high levels.

 

Following the formation of a double top, the asset is forming an initiative selling structure, which points to the entry of those investors who start short positions after a bearish bias has been created. At 0.9767, the major is forming an initiative structure inside the 200-Exponential Moving Average (EMA) border, demonstrating that market participants are respecting the significant EMA.

 

However, the Relative Strength Index (RSI) (14), which signals an oncoming consolidation, has shifted into a range between 40.00 and 60.00. The asset will reach the July 5 top of 0.9705 with a sharp decrease below the July 13 low of 0.9758. If the latter barrier is breached, the asset will be more vulnerable to losses up to the 1. July high of 0.9642.

 

Alternatively, following Wednesday's violation of the 0.9827 high, the dollar bulls may defend the double top pattern. The asset will be propelled by this to its top on Thursday of 0.9886 and then encounter psychological resistance at 1.0000.


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