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Rijksmash Financial: Raises its target price for Arm (ARM.O) from $166 to $244.On May 7, Li Hongzhong, member of the Political Bureau of the CPC Central Committee and Vice Chairman of the Standing Committee of the National Peoples Congress, conducted research in Beijing. He emphasized the need to adhere to Xi Jinping Thought on Socialism with Chinese Characteristics for a New Era as guidance, thoroughly study and implement the spirit of General Secretary Xi Jinpings important speeches during the National Peoples Congress and the Chinese Peoples Political Consultative Conference (NPC and CPPCC) sessions, earnestly implement the arrangements of the Fourth Plenary Session of the 20th CPC Central Committee and the "15th Five-Year Plan" outline, actively leverage the functions of the NPC, and better serve high-quality development. Building a modern industrial system and achieving an overall leap forward in the industrial system are important strategic tasks during the "15th Five-Year Plan" period. The NPC should focus on consolidating and strengthening the foundation of the real economy and leading the development of new productive forces, strengthen institutional supply and legal guarantees, actively promote legislation in emerging fields such as artificial intelligence, low-altitude economy, and biomedicine, improve the ecosystem for industrial innovation and development, and cultivate and strengthen new drivers of growth.McDonalds (MCD.N) reported an 11% increase in global system sales in the first quarter.McDonalds (MCD.N) reported revenue of $6.517 billion in Q1 2026, compared to $5.96 billion in the same period last year, and market expectations of $6.472 billion.On May 7th, Boston Federal Reserve President Collins stated that she agrees with the position of her colleagues who objected to the wording of last weeks monetary policy meetings post-meeting statement, which suggested the Fed would eventually resume interest rate cuts. Collins said she "strongly supports" the decision to keep interest rates unchanged, but at the same time prefers to adjust the wording of the statement to "not be too close to statements suggesting the next step will be a rate cut." Collinss view on the statements wording highlights a further shift within the FOMC towards no longer considering near-term rate cuts. A growing number of officials want the Fed to signal more clearly that the next step could be either a rate cut or a rate hike. Collins stated that with the energy shock triggered by the Middle East conflict delaying progress toward the 2% inflation target, she tends to take a more "agnostic" stance on the future path of interest rates. Interest rates may remain unchanged for "a longer period," with "further easing expected in the more distant future." However, in some cases, the Fed may need to consider raising rates, but she emphasized that this is not her baseline expectation. "Im more concerned about the persistence of inflation," Collins said, noting that as the global spillover effects of war continue, supply chain disruptions could cause price increases to spread from energy to the food sector. She added that interest rates should remain at their current "moderately restrictive" level. "But if the inflation path looks clearly heading in the wrong direction," policymakers will "need to reassess what is the right policy."

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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