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On February 9th, Zhejiang Jike Intelligent Technology Co., Ltd., entrusted by Zhejiang Geely Automobile Co., Ltd., filed a recall plan with the State Administration for Market Regulation in accordance with the "Regulations on the Recall of Defective Automobile Products" and the "Implementation Measures for the Regulations on the Recall of Defective Automobile Products." The recall number is S2026M0023V: Starting March 6, 2026, a total of 38,277 Jike 001WE version vehicles manufactured between July 8, 2021 and March 18, 2024 will be recalled. Due to manufacturing inconsistencies in the high-voltage power battery components, prolonged use in some vehicles within this recall scope may cause an abnormal increase in the internal resistance of the power battery, potentially leading to a decline in the performance of some power batteries. In extreme cases, this could result in thermal runaway of the power battery, posing a safety hazard.February 9th - Shanghai NIO Automobile Co., Ltd., in accordance with the "Regulations on the Recall of Defective Automobile Products" and the "Implementation Measures for the Regulations on the Recall of Defective Automobile Products," has filed a recall plan with the State Administration for Market Regulation. Recall number S2026M0017I: Effective immediately, 246,229 ES8, ES6, and EC6 pure electric vehicles manufactured between March 16, 2018, and January 16, 2023, will be recalled. Due to a software issue, some vehicles within the recall scope may experience a brief blackout of the instrument panel and central control screen under certain conditions, during which time the driver will be unable to receive necessary vehicle information and functions (such as vehicle speed information, fault alarm prompts, defrosting and defogging functions, etc.), posing a safety hazard.On February 9th, Mindray Electronics stated in an investor relations activity that Guangxin Microelectronics first-phase planned capacity is 100,000 6-inch silicon-based power devices per month. Currently, it is in a healthy expansion phase, with output increasing from 6,000 wafers/month at the beginning of 2025 to 40,000 wafers/month by the end of the year. The products currently in mass production are mainly MOS field-effect diodes (MFER, 45V–200V) and vertical double-diffused metal-oxide-semiconductor field-effect transistors (VDMOS, 60V–2,000V), with an average monthly output of approximately 12,000 MFERs and approximately 26,000 VDMOSs.On February 9th, AVIC Optoelectronic released its preliminary financial results, reporting total operating revenue of RMB 21.301 billion in 2025, a year-on-year increase of 2.98%; net profit was RMB 2.124 billion, a year-on-year decrease of 36.69%. Facing a complex and volatile external environment and cyclical fluctuations in the industry in 2025, the company persevered, achieving operating revenue of RMB 21.301 billion for the year, maintaining overall stable growth; total profit and net profit attributable to shareholders were RMB 2.664 billion and RMB 2.124 billion, respectively, representing year-on-year decreases of 29.24% and 36.69%.Indias fuel sales rose 2.9% year-on-year in January, with diesel sales up 3.3% and gasoline sales up 6.1%.

Analysis of the NZD/USD Price indicates a continuation of gains towards 0.65

Daniel Rogers

Jan 18, 2023 15:02

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The NZD/USD pair is oscillating within a narrow range near 0.6430 in the early Asian session. Despite the market's risk aversion, the New Zealand dollar has traded sideways after reclaiming the monthly high of 0.6437. In reaction to Tom Barkin's hawkish comments about the Richmond Federal Reserve (Fed) Bank, S&P500 futures are exhibiting greater losses, indicating investors' diminishing appetite for risk.

 

Following a V-shaped recovery, the US Dollar Index (DXY) has turned sideways at 102,000 and is expected to extend gains on a risk aversion theme. In addition, higher 10-year US Treasury yields would certainly provide safe-haven investments a new lease of life.

 

After one hour of consolidation, the NZD/USD pair has broken out of the Bullish Pennant chart pattern, indicating that the rising trend will continue. Participants typically initiate long positions during the consolidation period of a chart pattern, preferring to enter an auction once a bullish bias has been established.

 

Adding to the upward filters, the 20-period and 50-period Exponential Moving Averages (EMAs) have resumed their upward trend at 0.6415 and 0.6401, respectively.

 

Meanwhile, the Relative Strength Index (14) continues to struggle to enter the positive zone between 60.00 and 80.00. The occurrence of a similar event will produce bullish momentum.

 

For greater gains, the Kiwi asset must beat Tuesday's high of 0.6439, which will rocket it to December 15's high of 0.6470, then December 13's high of 0.6514.

 

Alternately, a breach below Monday's low of 0.6361 will weaken the New Zealand Dollar and push the Kiwi asset towards January 12's low of 0.6304. A breach below this level will expose the asset to more losses approaching the low of 0.6263 on December 28.