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Pop Mart (09992.HK): On January 19, it repurchased and cancelled 1.4 million shares, costing approximately HK$250 million.Pop Mart (09992.HK): On January 19, 2026, it spent HK$251 million to repurchase 1.4 million shares at a repurchase price of HK$177.7-181.2 per share.On January 19th, according to futures news, both domestic and international cotton spot prices rose last week, with the domestic spot price increasing more than the international price, and the price difference between domestic and international cotton widening slightly. 1. Internationally, the USDAs January supply and demand report at the beginning of the week showed a decrease in global production, an increase in demand, and a decline in ending stocks, indicating an overall bullish adjustment. This, coupled with a weaker dollar and rising grain prices, drove cotton prices higher. However, on Thursday, the US Department of Labor released initial jobless claims data lower than market expectations, increasing the probability of the Federal Reserve maintaining interest rates, leading to a decline in the crude oil market and dragging down cotton prices. In terms of price performance, the ICE cotton futures averaged 64.83 cents/lb, up 0.14 cents/lb from the previous week; in the spot market, the Cotlook A index averaged 74.87 cents/lb, up 0.26 cents/lb from the previous week. 2. Domestically, at the macro level, the central bank signaled further interest rate and reserve requirement ratio cuts, and the State Council emphasized promoting consumption, briefly boosting market sentiment. At the industry level, the speculation surrounding a reduction in Xinjiangs cotton planting area in the new year has gradually been digested. Textile companies have some restocking needs before the Spring Festival, and the weakening orders for fabric mills are showing a tendency to spread to textile companies, thus weakening support for cotton prices. The weekly average price of the China Cotton Price Index (CC Index 3128B) was 15,903 yuan/ton, up 96 yuan/ton from the previous week; the price difference between the weekly average price of Cotlook A (converted to RMB with a 1% tariff) and the weekly average price of the China Cotton Price Index widened significantly by 52 yuan/ton compared to the previous week.January 19th - CIMC Enrics subsidiary, CIMC Saint-Gobain, recently successfully delivered the first batch of four high-standard, customized cryogenic storage tanks for a landmark semiconductor manufacturing project in Europe. This project is not only the first large-scale semiconductor factory built in Europe in nearly two decades, but also marks a new benchmark for CIMC Enric in the field of high-end precision equipment manufacturing, adhering to the stringent EN (European Standard) system.Topband: The company attaches great importance to the development of the civilian drone market, and its DC brushless motor products have been mass-produced and applied to low-altitude delivery drones.

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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