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Market News: The subscription multiple for Japans five-year government bond auction hit a new low since June 2022.On March 10, Tokyo Electric Power Company said that smoke appeared in the emergency diesel generator control room in the No. 6 unit building of the Kashiwazaki-Kariwa Nuclear Power Plant in Niigata Prefecture at around 10 a.m. that day, and the company immediately called the fire department. The smoke has now dissipated. TEPCO said that there was no impact of radiation leakage in this incident.On March 10, it was reported that Apples foldable screen mobile phone will be equipped with two silicon-carbon negative electrode batteries. The battery cells use 3D stacking technology and have a capacity of 5000mAh or more. The supplier of this battery is CATL (exclusive supply), which is affiliated to New Energy (Hong Kong) Technology Co., Ltd. (ATL), a subsidiary of Japan TDK Holdings.The Hang Seng Tech Index widened its losses to 2% in the morning, and the Hang Seng Index is now down 1.49%.On March 10, Energy Singularity made a major breakthrough in the field of high-temperature superconducting magnets. The companys independently developed large-aperture high-field magnet, the Jingtian magnet, successfully completed the first round of flow experiments, generating a magnetic field of up to 21.7 Tesla, setting a record for the highest magnetic field of large-aperture high-temperature superconducting D-shaped magnets. This field strength exceeds the record of 20.1 Tesla set by the SPARC TFMC magnet jointly developed by MIT and CFS in 2021. The magnet can be used to develop and verify the key technologies and manufacturing processes of the toroidal field (TF) magnets required for Energy Singularitys next-generation tokamak device Honghuang 170 with 10 times the energy gain performance.

Analysis of the GBP/USD exchange rate: the currency pair is unable to break through the important 1.2100 barrier

Alina Haynes

Jul 04, 2022 11:50

截屏2022-07-04 上午10.16.51.png 

 

The GBP/USD pair is aiming to exceed the potential barrier around 1.2106 in order to launch a bullish reversal from the rally. The pound bulls are hovering near the previously announced probable barrier from the Tokyo session's early hours.

 

The cable saw a significant purchasing response after hitting the two-week-old support of the 14-June low at 1.1970. When an asset's price moves in response to a buyer's bid, this usually indicates that the item is now a value bet. Currently, the likely resistance of Wednesday's low at 1.2106 is a significant hurdle for the pound bulls.

 

Closing at 1.2090, well above the 20-period Exponential Moving Average (EMA), reinforces the bullish filters in place. At 1.2115, the cable is also getting close to the 50-EMA resistance level. The pound bulls will be reinforced more, though, if they can sustain growth over the same level.

 

RSI (14) has moved into the 40.00-60.00 range, indicating that a consolidation is about to take place.

 

With a strong gain above the Monday high of 1.2122, the asset is poised to reach a new high for the week of 1.2188 on Friday. A breach of the latter level will catapult the cable to Tuesday's high of 1.2292.

 

Alternatively, the dollar bulls may return if the asset falls below Friday's low of 1.1976. A replay of the same occurrence will send the asset towards the round-number support at 1.1900, followed by a bottom of 1.1777 on March 26, 2020.


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