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On January 12th, Citigroup pointed out that Indonesias fiscal deficit this year may far exceed the statutory limit, as the government increases spending on the nationwide free meal program and reconstruction projects in flood-stricken provinces of Sumatra. In a report on Monday, Citigroup economist Helmi Arman revised his 2026 budget deficit as a percentage of GDP upward to 3.5% from the initial 2.7%. Citigroups base case assumption is that the government will amend the National Fiscal Law by the second half of this year to relax the long-standing 3% fiscal deficit cap. Arman stated that if the authorities choose to significantly cut spending to maintain fiscal discipline, they may avoid exceeding the limit. He predicts that by 2029, Indonesias debt-to-GDP ratio will rise from approximately 39% in 2025 to 42%.January 12th - In 2025, the judicial auction market showed a year-on-year decline in the number of listings, transactions, transaction value, and average price. A total of 719,000 units were listed for auction (down 6.6% year-on-year), with 169,000 units sold (down 4.4% year-on-year), for a total transaction value of 253.62 billion yuan (down 23.6% year-on-year), and an average discount rate of 74.1%. Residential properties were the core property type (accounting for 51.9% of transaction value), with second-round auctions accounting for the highest proportion of transactions (46.9%). Regionally, high-priced properties were concentrated in first-tier and core second-tier cities, with Shenzhen, Shanghai, and Beijing forming the first tier. Meanwhile, regional differentiation intensified, with significant differences in performance among key cities. The transaction structure optimized, with second-round auctions becoming the core transaction channel, and bidders preferring to make purchases at more attractive prices. The judicial auction market exhibited an independent cyclical trend, with monthly transaction volume and value significantly affected by the courts enforcement pace, showing marked fluctuations.On January 12th, it was reported that four new coastal carbon dioxide lidar systems were recently deployed to surrounding islands and nearshore areas in Shenzhen, including Xichong, Yantian, Xiwang Park, and Dachang Island. According to the Shenzhen Municipal Bureau of Ocean Development, Shenzhen is accelerating the construction of a comprehensive intelligent marine observation network. In addition to the latest 24-hour marine carbon monitoring system, the Shenzhen Marine Development Promotion Center, relying on the marine disaster prevention and control system project, recently deployed 27 high-precision marine observation buoys. The project is large-scale, involves heavy construction tasks, and has high technical standards, providing long-term support for improving the precision and intelligence of Shenzhens marine observation and forecasting operations.On January 12, at the 30th (2026) China Capital Market Forum, experts believed that to implement a more proactive fiscal policy, government debt management should be a key focus of fiscal work in 2026, and that it is necessary to adhere to the close integration of "investing in things" and "investing in people" to promote the stabilization of investment.On January 12th, Baisheng Intelligent announced that it recently signed a "Strategic Cooperation Agreement on Parking Lots" with Baolong Group, with a planned total cooperation amount of 200 million yuan. Baolong Group and its affiliated companies own commercial parking lot operation rights/ownership nationwide. To effectively manage parking spaces and improve parking service and management levels, they need to cooperate with professional operating companies to operate parking lots. Baisheng Intelligent and its affiliated companies are integrated parking solution operators specializing in parking and new energy vehicle charging operation management, and can undertake the systematic operation of commercial parking lots.

Gold Price Prediction - Gold Prices Fell Sharply as Yields Increased

Alina Haynes

May 10, 2022 11:13

Despite soaring inflation and falling economic growth, gold prices declined. The dollar strengthened against other major currencies. As a result of the Fed's rate tightening, benchmark yields continue to rise, as the ten-year Treasury yield rose to 3.185 percent.

 

In accordance with forecasts, wholesale inventories in the United States increased by 2.3% in March compared to the previous month. Year-over-year, wholesale inventories climbed by 22%. The calculation of the gross domestic product includes inventories.

 

Wednesday's inflation figures will likely indicate the magnitude of the Fed's next action.

Analytical Techniques

Gold prices experienced negative pressure and are on course to break below the 200-day moving average of $1,836. Near the 200-day moving average at 1,836 is viewed as support. Near the 10-day moving average of 1,882 is observed resistance.

 

Short-term momentum is negative as the Fast Stochastic generated a sell crossing signal. With a value of 13.5 below the oversold threshold of 20, the fast stochastic indicates that prices are oversold.

 

As the MACD produces a crossover sell signal, medium-term momentum has gone negative. This occurs when the 12-day moving average minus the 26-day moving average passes beneath the 9-day moving average of the MACD line. The MACD (moving average convergence divergence) histogram shows a negative trajectory, indicating falling prices.

 

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