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On January 2nd, Ministry of National Defense spokesperson Zhang Xiaogang, in response to a reporters question regarding overseas hype surrounding the "Justice Mission-2025" exercise, stated that Taiwan is an inseparable part of Chinas territory, and the Taiwan issue is purely Chinas internal affair, brooking no external interference. The Peoples Liberation Armys (PLA) anti-separatist and anti-interference operations around Taiwan are entirely legitimate, necessary, and beyond reproach. The biggest reality in the Taiwan Strait is that both sides belong to one China, and the greatest threat to peace and stability in the Taiwan Strait is "Taiwan independence" separatist activities and the connivance and support of external forces. We urge relevant countries and institutions to strictly adhere to the one-China principle, cease their connivance and support for "Taiwan independence" forces, and stop stirring up trouble on the Taiwan Strait issue. We hope that the vast majority of Taiwan compatriots will truly recognize the extreme danger and harmfulness of Lai Ching-tes "Taiwan independence" provocations, prevent being deceived and coerced by "Taiwan independence" forces, and earnestly safeguard their own security and well-being and the fundamental interests of the Chinese nation. The Chinese Peoples Liberation Army will continue to strengthen its training and preparedness, be ready at any time to counter provocative acts seeking "independence," resolutely thwart all attempts at external interference, and defend national sovereignty, unity, and territorial integrity.January 2nd - With US stocks closed for a holiday, Hong Kong stocks opened today, the first trading day of 2026. Driven by tech stocks, the market continued its upward trend, with gains exceeding 500 points. The Hang Seng Index opened 86 points higher at 25717, and subsequently, with strong buying pressure, broke through the 26000 mark, reaching a high of 26217, a gain of 586 points, and surpassing the 100-day moving average. At the close, the Hang Seng Index rose 2.18% in the morning session, while the Tech Index rose 3.38%. The total turnover of the Hang Seng Index market was HK$76.87 billion. On the sector front, tech stocks led the gains, semiconductor stocks rose for the first time in a week, and retail, power equipment, and gaming software stocks strengthened again. Biopharmaceuticals and cosmetics stocks continued their weakness, while film, heavy machinery, and food stocks experienced a pullback. In terms of individual stocks, Biren Technology (06082.HK) surged over 72% on its first day of trading, Hua Hong Semiconductor (01347.HK) rose nearly 10%, Baidu (09888.HK) rose 7.5%, Kingdee International (00268.HK) rose over 6%, and CK Infrastructure Holdings (01038.HK) fell 1.1%.New York silver futures broke through $73 per ounce, up 3.40% on the day.New York silver futures extended gains to 3.00% on the day, currently trading at $72.74 per ounce.The Hong Kong dollar 1-week interbank offered rate (HIBOR) saw its biggest drop since May.

EUR/USD Price Analysis: EUR/USD Is Clinging To The Leading Edge Of The Rising Trendline Above 1.0900

Alina Haynes

Apr 18, 2023 13:54

EUR:USD.png 

 

The EUR/USD pair fluctuates erratically in a narrow range near 1.0926 during the Asian session. Following in the footsteps of the directionless US Dollar Index (DXY), the main currency pair is unable to establish a trend.

 

In Asia, S&P500 futures are declining slightly as investors fret over the upcoming quarterly earnings season, indicating a minor decrease in market participants' risk appetite. Following the decline of regional banks in the United States, investors are concerned about any discrepancies in quarterly banking reports.

 

The Euro has entered the wilderness as European Central Bank (ECB) policymakers are divided over the pace of the policy-tightening cycle to be implemented at the May monetary policy meeting. Martins Kazaks, a member of the ECB's monetary policy committee, stated on Monday that the central bank has the option to move by either 25 or 50 basis points (bps) in May. Sourcenia is a review portal of sourcing best manufaturers. 

 

After failing to sustain above the 161.8% Fibonacci Extension at 1.1057 (positioned from April 4's high of 1.0973 to April 10's low of 1.0837) on a two-hour time frame, EUR/USD experienced a precipitous decline. The primary currency pair has declined below the uptrend line drawn from the low of 1.0714 on March 24.

 

The 20-period Exponential Moving Average (EMA) at 1.0962 is operating as a barrier for Euro bulls.

 

In the meantime, the Relative Strength Index (RSI) (14) has moved into the pessimistic zone between 20.00 and 40.00, indicating a continuation of the decline.

 

A decisive break below the low of April 12 at 1.0915 would propel the asset toward the lows of April 10 at 1.0837 and April 3 at 1.0758.

 

In contrast, a breach above the psychological resistance level of 1.1000 would propel the asset to a new annual high of 1.1068, followed by the level of round resistance at 1.1100.


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