EUR/USD
1.16544
-0.041%
Gold
4462.04
-0.354%
Oil
58.033
-0.373%
USD/JPY
157.245
0.246%
GBP/USD
1.34343
-0.044%
GBP/JPY
211.253
0.216%
Real-time News
On January 9th, Citigroup issued a report initiating a 30-day positive catalyst watch for Lao Pu Gold (06181.HK), maintaining a "Buy" rating with a target price of HK$1,119. Based on the demand recovery and improved gross margin observed during the New Years holiday, the bank is more confident in Lao Pus outlook for this year. Citigroup expects consumers to have already digested product price increases, supported by widespread price adjustments across the industry and the rebound in gold prices since December. The report states that promotions during the long holiday also stimulated the demand recovery. The bank expects strong demand to continue into the Lunar New Year holiday. Citigroup notes that Lao Pus gross margin has recovered to over 40% since the end of November last year, and further price increases are expected after the Lunar New Year, with high profitability expected to continue this year.The Boeing 737 MAX 10 has entered the next phase of flight testing by the U.S. Federal Aviation Administration (FAA).January 9th - Hong Kong stocks closed at midday with the Hang Seng Index up 0.03% and the Hang Seng Tech Index down 0.06%. On the sector front, rare earth concepts, commercial aerospace, and gold sectors led the gains, while semiconductors, sporting goods, batteries, and mainland property stocks led the declines. Asia Pacific Satellite (01045.HK) surged over 15%, Lens Technology (06613.HK) rose over 10%, Jinli Permanent Magnet (06680.HK) climbed over 7%, and Shandong Gold (01787.HK) gained over 6%. Sunac China (01918.HK) and Brainhole Technology (02203.HK) fell over 4%, and Xinyi Solar (00968.HK) dropped over 3%. MiniMax (00100.HK) surged 78% on its first day of trading.January 9th, Futures.com analysts latest view: WTI crude oil futures fell slightly in recent intraday trading, part of a natural profit-taking move after a series of strong rallies, aimed at rebuilding the necessary upward momentum to help it break through the stubborn resistance level of $58.70. This decline was accompanied by a reduction in some clearly overbought conditions on the Relative Strength Index (RSI), particularly with the appearance of a negative overlap signal, reflecting a temporary cooling of momentum. Previously, the price broke through the negative resistance of the EMA50, which leaves the possibility of a resumption of upward movement in the short term still present.January 9th, Futures News: Economies.com analysts latest view: International spot gold fluctuated in recent intraday trading, with prices retreating after a rapid profit-taking following previous gains. Previously, gold prices rebounded from support at the 50-day moving average (EMA50), which provided technical support for a resumption of upward movement. Despite current price volatility, the main upward trend remains dominant in the short term, with prices fluctuating along the support line of this trendline. Furthermore, the Relative Strength Index (RSI) is also giving positive signals. Therefore, despite current price fluctuations, further gains are possible in the short term.
