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July 5th - OPEC+, comprised of OPEC and other oil-producing nations, will hold its monthly meeting later today. An informed source indicated that OPEC+ has agreed in principle to increase crude oil production quotas by 188,000 barrels per day in August. Two other sources stated that this increase is the most likely decision.July 5th - The Malian military reported on the 4th that military positions in multiple locations across Mali were subjected to a new round of coordinated attacks by armed groups. The military successfully repelled all attacks, and the attacked positions remain under its "complete control." The report stated that these attacks occurred in Agailok, Anefisse, Gao in northern Mali, and Sevare in central Mali. A local official in Gao said that before dawn on the 4th, militants launched a fierce attack on military camps with guns and rockets. A local resident said, "This morning, no one can leave their homes... The Malian armed forces have blocked all the streets. The gunfire was so intense, it felt like the roofs were about to collapse."July 5th - According to Israeli sources on the 5th local time, Israeli Transportation Minister Miri Regev confirmed that Israel deployed an Iron Dome air defense system to the United Arab Emirates in the early stages of the US-Israel-Iran conflict. This marks the first time the Iron Dome has been deployed to a country outside of Israel and the United States. Reportedly, this is the first time an Israeli government official has publicly acknowledged deploying the Iron Dome system to the UAE. Previously, related reports had been confirmed by US officials.OPEC+ sources: OPEC+ has agreed in principle to increase its oil production target by 188,000 barrels per day starting in August.On July 5th, at the 2026 Global Digital Economy Conference Results Release Conference, Lu Ya, Vice President of the Beijing Academy of Social Sciences, released the "Beijing Digital Economy Development Report (2025-2026)" blue book. The report shows that in 2025, Beijings digital economy added value exceeded 2.4 trillion yuan, a year-on-year increase of 8.7%, accounting for 46.4% of GDP. It ranked second in the global digital economy benchmark city index evaluation, with a development index value of 0.770, firmly maintaining its position as a "global leading city." Lu Ya introduced that Beijings status as the "No. 1 city for artificial intelligence" continues to be consolidated. In 2025, the core artificial intelligence industry scale reached approximately 450 billion yuan, attracting over 2,500 related enterprises. As of April 2026, 225 large-scale models had been registered. Innovation and industry application of large-scale models are accelerating in both directions, rapidly empowering industrial upgrading, technological innovation, and public services. The market-oriented reform of data elements is being deepened, and breakthroughs have been achieved in the construction of "one zone and three centers." The on-exchange transaction volume of the Beijing International Big Data Exchange increased by 150% year-on-year, and the circulation of trusted data space is deepening around key areas such as healthcare and audiovisual media.

Extends Recovery Off 100-HMA Towards Critical Resistance at 0.9230 in USD/CHF Price Analysis

Daniel Rogers

Mar 30, 2023 16:02

USD:CHF.png 

 

Following yesterday's retreat, USD/CHF investors are back at the table on Thursday morning as the currency pair's price continues to rise around 0.9200. Consequently, the Swiss currency pair recovers from the 100-Hour Moving Average (HMA) and validates the upwardly sloping RSI (14) line, indicating that the market is not overbought.

 

As a result, USD/CHF investors should see further gains. A confluence of an ascending trend line from last Friday and a three-week-old descending resistance line near 0.9230 appears to be an insurmountable barrier for pair buyers to overcome before regaining control.

 

If USD/CHF buyers are able to maintain control above 0.9230, an advance to 0.9300 and the monthly high near 0.9340 cannot be ruled out. A decisive break above 0.9340, however, would not hesitate to challenge the monthly high near 0.9440.

 

In contrast, the 100-HMA level surrounding 0.9180 restricts the immediate downside of the USD/CHF price, and a breach of this level could drive prices toward a rising support line from March 13, close to 0.9150.

 

Notably, the USD/CHF pair's susceptibility beyond 0.9150 makes it susceptible to testing the monthly low around 0.9070.

 

Overall, the USD/CHF pair is likely to rise further, but confirmation of the uptrend is needed at 0.9230.