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On January 28th, the Ministry of Industry and Information Technology (MIIT) released the 2025 Statistical Bulletin on the Communications Industry. By the end of 2025, my country had 4.838 million 5G base stations, accounting for 37.6% of all mobile phone base stations, with an average of 34.4 5G base stations per 10,000 people, exceeding the main development target of the 14th Five-Year Plan by 8.4. The construction of gigabit networks has been significantly advanced, with 31.62 million 10GPON ports capable of providing gigabit network services, reaching 2.6 times the main development target of the 14th Five-Year Plan. The pilot deployment of 5G-A and 10-gigabit networks has been accelerated, with 2.064 million 5G RedCap base stations. 5G-A coverage has reached over 330 cities, and the first batch of 168 residential communities, factories, and industrial parks have successfully completed their 10-gigabit optical network pilot deployments.On January 28th, the Guangzhou Municipal Government Information Office held a press conference this morning for the "Guangzhou Goods Go Global" Spring Campaign (the 6th press conference of 2026). At the conference, Wu Bingxiang, Deputy Director of the Guangzhou Municipal Bureau of Commerce, stated that the city will distribute 50 million yuan in government-issued catering vouchers in multiple rounds around the Spring Festival, and leverage financial institutions such as Guangdong UnionPay and platforms like Meituan and Douyin to launch more commercial coupons, providing local residents and tourists visiting Guangzhou for the Spring Festival with tangible food discounts. Wu Bingxiang added that this year, the city will continue to leverage both online and offline channels to build a nationwide distribution network for Guangzhou goods that is fully covered and seamlessly integrated: "This year, taking the 2026 National Online New Years Goods Festival Guangzhou Special as a starting point, we will mobilize e-commerce platforms such as Vipshop, JD.com, and Taotian to precisely connect with brand merchants to meet holiday demand. Through enriching the supply categories, increasing discounts, and innovating the consumer experience, we will continuously boost the online consumption atmosphere, allowing people across the country to purchase high-quality Guangzhou goods without leaving home."Kazakhstans Energy Minister: Due to the decline in oil production, Kazakhstan is likely to meet OPEC+ production quota requirements.JERA CEO: India has huge potential to import liquefied natural gas over the next decade.On January 28th, at a press conference held this morning during the Fifth Session of the 14th Guangdong Provincial Peoples Congress, Sun Zhiyang stated that the province will strengthen financial support. It has already established and is operating industry funds such as the Artificial Intelligence Industry Investment Fund and the Aerospace Industry Investment Fund, amplifying the effectiveness of industrial investment, venture capital, and angel investment funds to form an investment fund matrix covering the entire lifecycle, the entire industrial system, and multiple levels of linkage. Regarding digital and intelligent integration, the province will leverage the advantages of the wide coverage of 5G base station networks and 5G-A integrated sensing base stations to create a low-altitude intelligent network integrating communication, navigation, surveillance, and computing power. This will promote the interconnection of aerospace data with traditional manufacturing production data and urban governance data, striving to drive technological transformation and digital transformation in more than 1,000 industrial enterprises by 2026.

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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