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On February 9th, Meituan announced its intention to acquire Dingdong Maicais China business. Following the announcement, some users on social media expressed concerns about Dingdong Maicais future product and service standards. In response to the acquisition, Dingdong Maicai (DDL.N) stated: "Currently, Dingdong Maicais business and team are operating normally and stably, and we will continue to provide high-quality products and services. Furthermore, this year Dingdong Maicai will operate without interruption during the Spring Festival for the ninth consecutive year, and all business teams will comprehensively ensure a smooth Spring Festival consumption experience for users."February 9th - According to statistics from Haikou Customs, during the first week of the Spring Festival travel rush (February 2nd-February 8th), Haikou Customs supervised a total of RMB 1.106 billion in duty-free shopping on Hainan Island, with 191,900 people making duty-free shopping trips and 895,000 items purchased, representing increases of 6.3%, 26%, and 9.4% respectively compared to the previous week.The yield on 20-year Japanese government bonds rose 3.5 basis points to 3.165%.Yoshihiko Noda and Tetsuo Saito, the two co-representatives of the "Chudo Reform Alliance" in Japan, announced on the 9th that they had decided to resign and take responsibility for the election defeat.On February 9th, Lu Fang, Chairman of Voyah Automobile, announced on social media that Chinas first mass-produced L3-level SUV, the Voyah Taishan Black Warrior, will be officially launched in March 2026. Lu Fang introduced that the Voyah Taishan Black Warrior is equipped with Huaweis Qiankun Intelligent Driving ADS four-laser solution. By the end of 2025, Voyahs L3-level conditional autonomous driving system had completed a cumulative 110,000 kilometers of real-world road testing and 900,000 kilometers of simulation testing, and has obtained official road test licenses, entering the real-vehicle verification stage.

The price of gold fluctuates about $1,700, and given increased hawkish Fed bets, a decline seems imminent

Alina Haynes

Jul 18, 2022 12:03

 截屏2022-07-15 下午5.36.44_1024x576.png

 

In the early Tokyo session, Gold Price (XAUUSD) tried to break above the consolidation that had been created in a constrained range between $1,703.21 and 1,705.90 on Friday. After a brief squeeze, the precious metal is now showing some symptoms of increased volatility. On Friday, the shiny metal successfully defended the psychological level of $1,700.00, which is also close to Thursday's low. The psychological support of $1,700.00 has undergone two tests, which has increased the importance of the level for market players. The precious metal is currently showing exhaustion indications at lower levels, but additional filters are needed to showcase a bullish turnaround.

 

Despite modest losses on Friday, the US dollar index (DXY) closed the week on a positive note. Weekly results showed that the asset kept winning. The DXY has been making advances for the last three weeks in a row. Despite the asset showing a stronger decline on a shorter timeline, the upside is still justified because to the DXY's overall performance. A downwards move is almost certain to occur since the asset is now auctioning in an inventory distribution phase at roughly 108.00.


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