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On December 29th, Shandong Airlines and other airlines issued a notice today, announcing a reduction in the fuel surcharge for domestic passenger flights, effective from 00:00 on January 5th, 2026. The surcharge will be 10 yuan for flights of 800 kilometers or less and 20 yuan for flights over 800 kilometers, representing reductions of 10 yuan and 20 yuan respectively compared to the previous rates.Futures News, December 29th: The market is focused on geopolitical tensions and weighing the outlook for the oil market, following a week of rising and then falling crude oil prices. Currently, geopolitical tensions remain a significant uncertainty factor affecting the oil market. Slow progress in Eastern European peace talks and the ongoing stalemate in South America and the Middle East are providing downside support for oil prices, suggesting a short-term upward trend. However, combined macroeconomic and industry pressures may limit the magnitude and sustainability of price increases.On December 29, the Eastern Theater Command of the Chinese Peoples Liberation Army conducted exercises in the southwestern airspace of Taiwan, involving fighter jets, early warning aircraft, electronic warfare aircraft, and drones. The exercises included regional patrols, air combat, and information support, testing the ability of multiple aircraft types to coordinate and seize air superiority.As of 3:00 PM Beijing time, spot platinum fell 5.61%, and spot palladium fell 11.02%.On December 29th, the State Council Academic Degrees Committee issued the "Administrative Measures for the Pilot Program of Doctoral + Master Dual Degree Programs." These programs are independently established by pilot universities, focusing on major needs such as technological development, industrial transformation, and the construction of independent knowledge systems. They leverage the significant advantages of their disciplines and interdisciplinary platforms to organize multidisciplinary integration and collaborative education, supporting students to pursue a masters degree in another discipline while simultaneously pursuing their doctoral degree, thus cultivating high-level, interdisciplinary talents.

Price of USD/CHF Nearing New Three-Year High Above 1.0070

Daniel Rogers

Oct 21, 2022 15:09

截屏2022-10-21 上午10.08.56.png 

 

During the Tokyo session, the USD/CHF pair surpassed its immediate barrier at 1.0050 and is set to attempt a three-year high reached on October 13 at 1.0074. The negative market sentiment brought on by late selling in the S&P 500 and rising rates has bolstered the dollar bulls.

 

The 10-year US Treasury yields reached 4.23 percent as a result of a surge in wagers on an anticipated rate hike announcement by the Federal Reserve (Fed). At the time of publication, the US dollar index (DXY) had surpassed the key 113.00 mark.

 

Daily, the asset is trading in a narrow range between 1.0048 and 1.0074 in the direction of the supply zone. The 20-period and 50-period Exponential Moving Averages (EMAs) are vertically aligned to the north, which confirms the upward filters.

 

Similarly, the Relative Strength Index (14) anticipates a move towards the bullish zone between 60.00 and 80.00. A similar scenario will further strengthen the greenback bulls.

 

If the asset surpasses its peak of 1.0074 on October 13, it will reach a fresh three-year high. The predominant trend is toward the round-number resistance level of 1.0100, followed by the 15 April 2019 peak of 1.0160.

 

Alternatively, the bulls of the Swiss franc may regain control if the asset breaches the September 29 low of 0.9742. This would result in the pair reaching a high of 0.9695 on September 19 and a low of 0.9620 on September 22.

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