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A chart summarizing the overnight price movements of international spot platinum and palladium.On April 21, Apples (AAPL.O) new hardware chief told employees on Monday that the newly merged Hardware Engineering and Hardware Technology division will be organized around five key areas. John Turner was appointed CEO, and Johnny Srouji was appointed Chief Hardware Officer. Srouji stated that the team will be divided into five departments: Hardware Engineering, Chips, Advanced Technologies, Platform Architecture, and Project Management. This move aims to simplify its organizational structure, and the division will add thousands of employees and take on engineering design responsibilities for iPhones, iPads, Apple Watches, and other products.According to Futures News on April 21, as of 8:30 AM Beijing time, spot platinum fell 0.07% and spot palladium fell 0.07%.South Koreas exports remained strong in the first 20 days of April, indicating that external demand remains resilient despite increased inflation and growth risks from soaring oil prices and a weaker currency. According to customs data released Tuesday, exports in the first 20 days of April, adjusted for working day differences, rose 49.4% year-on-year. In comparison, the increase in the same period in March was 40.4%. Unadjusted exports also rose 49.4%, while imports increased by 17.7%, resulting in a trade surplus of $10.4 billion. Semiconductor exports surged 182.5%, driving overall exports, fueled by strong investment in artificial intelligence and data centers. Computer peripheral exports jumped 399%. Petroleum products also contributed, growing by 48.4%, with energy exports partly boosted by rising crude oil prices. Meanwhile, exports of automobiles and auto parts both declined. These data suggest that South Koreas export engine remains intact despite heightened external risks.Artificial Intelligence: 1. The Dark Side of the Moon has officially launched and open-sourced its new model, Kimi K2.6. 2. Amazon: Will invest up to $25 billion in Anthropic. Anthropic will receive 5 gigawatts of Trainium chips. Anthropic will invest over $100 billion in AWS technology. 3. Alibabas HappyHorse will open beta on April 27 and officially launch commercially in May. 4. The Supreme Peoples Court: Is currently drafting opinions on properly handling disputes involving artificial intelligence in accordance with the law. Other: 1. Apple announces a change in leadership: Tenas takes over as CEO, Cook becomes executive chairman. 2. Huaweis first wide-folding phone is equipped with the Kirin 9030 Pro across the board, starting at 10,999 yuan. 3. Yu Chengdong: There is significant pressure on phone pricing, and prices may increase later. 4. Li Liang, Vice President of Douyin Group, responds to ByteDances 70% net profit decline: This figure is based on international accounting standards. 5. Tesla: There are currently no specific plans to mass-produce robots at its Shanghai Gigafactory. 6. Micron releases 24Gb (3GB) GDDR7 memory. 7. Musk absent from French prosecutors hearing.

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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