EUR/USD 1.18285
0.092%
Gold 5065.44
2.407%
Oil 63.508
-0.182%
USD/JPY 156.276
0.321%
GBP/USD 1.37073
0.071%
GBP/JPY 214.217
0.400%
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Real-time News
February 4th, Futures News: Economies.com analysts latest view: In recent intraday trading, WTI crude oil futures prices continued to rise, testing the resistance level near $63.50 and utilizing trading opportunities above the EMA50. The EMA50 represents key dynamic support, reinforcing the stability and dominance of the main short-term uptrend. Currently, oil prices are trading along the support line of this trendline, indicating strong upward momentum. Positive signals from the Relative Strength Index (RSI) support this bullish performance, confirming the improved momentum and paving the way for a breakout of this resistance level. If the breakout is successful, we will see additional gains in the short term.February 4th - According to sources, Indian financial regulators are considering a major overhaul of their banking oversight approach, shifting from the traditional "compliance check-in" model to a deeper analysis of banks business models. The sources indicated that the Reserve Bank of India (RBI) plans to conduct in-depth investigations into banks operational methods, rather than analyzing financial ratios in isolation during each inspection. It was also revealed that the regulator is seeking to increase staffing within its regulatory department, with a focus on recruiting cybersecurity experts, as cybersecurity has become a core concern due to the surge in digital risks within the banking system. The reform proposal is still under review and details may be adjusted. This shift comes against the backdrop of the unprecedented expansion of the Indian banking sector, placing immense pressure on regulatory tools designed for a simpler era. The governance failures at Societe Generale and the now-defunct New Cooperative Bank of India highlight how traditional, outdated regulatory approaches—relying on financial snapshots—can overlook vulnerabilities masked by healthy data.On February 4th, Duan Yongping, founder of BBK Electronics and a well-known investor, posted on his Xueqiu account "Da Dao Wu Xing Wo You Xing" that "FSD is indeed very useful, and the Model Y is not uncomfortable to drive. Now driving a Tesla is my first choice."February 4th - At 10:00 AM today (February 4th), the State Council Information Office held a press conference. Han Wenxiu, Director of the Central Rural Work Leading Group Office, stated that in accordance with the arrangements of the Party Central Committee, the second round of extended contracting pilot programs is progressing in an orderly manner and gradually being rolled out. This year, province-wide pilot programs will be fully implemented in 29 provinces (autonomous regions and municipalities) except for Guizhou and Tibet. This work is highly political, policy-oriented, and involves the masses. It is crucial to accurately grasp the policy tone, and the general principle is "major stability with minor adjustments."Hong Kong-listed airline stocks rose amid volatility, with China Eastern Airlines (00670.HK) up over 7% and China Southern Airlines (01055.HK) up over 6%. Air China (00753.HK) and Cathay Pacific (00293.HK) also saw gains.

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Just starting out? Begin your trading education with our Foundational Trading Knowledge course. Learn about a variety of markets like foreign exchange, commodities and equities and how they operate. Discover the right trading style for you and get to grips with key trading processes and market psychology.

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