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Mark Cabana, head of interest rate strategy at Bank of America, said the Fed is likely to cut interest rates to at least 3%. The market is underestimating the range of potential outcomes where the Fed could cut interest rates below 3%.On September 4th, Bocom International issued a report, raising its target price for NIO (09866.HK) in Hong Kong to HK$62.7 and maintaining a "buy" rating. NIOs revenue for the second quarter of 2025 was approximately RMB 19.01 billion, a 9% year-on-year increase and a 57.9% quarter-on-quarter increase. Automotive revenue was approximately RMB 16.3 billion, in line with market expectations. The company provided optimistic guidance for the third quarter, projecting deliveries of 87,000–91,000 vehicles and record-breaking revenue of RMB 21.8–22.9 billion, primarily driven by strong sales of the new L90. Looking ahead to the fourth quarter, NIO aims to achieve combined monthly sales of approximately 50,000 vehicles for NIO and Ledao, with a combined gross profit margin of 17%–18%. The bank raised its 2025 sales forecast for NIO to 340,000 vehicles and revenue by 17.5% to RMB 99.5 billion, primarily reflecting strong sales expectations for the L90 and ES8. The market believes the focus will be on the sustainability of marginal improvements, whether cost reductions will meet market expectations, and whether the company will achieve profitability in the fourth quarter. The bank believes that the sales recovery will boost market confidence and be conducive to the subsequent release of new cars and subsequent financing.Didi Chuxing (02559.HK), a Hong Kong-listed company, rose nearly 14%. Didi Chuxing announced new business developments on its 11th anniversary: the number of registered users increased to 395 million, and the number of certified car owners exceeded 19.9 million.Hong Kong-listed auto dealers fell collectively, with Harmony Auto (03836.HK) down more than 13%, Zhongsheng Holdings (00881.HK) down more than 6%, and Yongda Automobile (03669.HK) down more than 3%.Gref, President of the Russian Federal Savings Bank: It is expected that lowering interest rates to 14% by the end of the year will not be enough to revive the economy.

WTI Price Analysis: Regains $82.50 after bouncing off a four-month-old support

Daniel Rogers

Sep 08, 2022 16:48

 截屏2022-06-17 下午4.37.06_1024x576.png

 

During Thursday's Asian session, WTI crude oil continues the previous day's bounce from an eight-month low to $82.50. In doing so, the price of black gold reverses course from the downwardly sloped support line established in May.

 

Although a nearly oversold RSI and the crucial support line may have spurred the latest rebound in the WTI price, negative MACD indications and a pause in the RSI recovery pose a challenge to the WTI bulls.

 

Nonetheless, the 61.8% Fibonacci retracement level of December 2021 to January 2022 on the upside, near $86.85, would have presented formidable barrier to the recovery swings.

 

Even if the price surpasses the $86.85 barrier, the $90.00 barrier and the 50-day moving average level near $93.30 could test WTI buyers before they gain control.

 

In contrast, a bearish break of the stated support line near $80.50 would require confirmation from the $80.00 round number.

 

The focus will then shift to the $76.00 Fibonacci retracement level after that.

 

Overall, WTI crude oil prices are anticipated to continue gloomy, but a short-term recovery cannot be ruled out.


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