EUR/USD 1.15274
-0.030%
Gold 4062.72
0.292%
Oil 78.218
-5.919%
USD/JPY 156.744
-1.528%
GBP/USD 1.34622
-0.103%
GBP/JPY 211.015
-1.629%
Browse More
  • English
  • 简体中文
  • 繁體中文
  • Tiếng Việt
  • ไทย
  • Indonesia
Subscribe
Real-time News
On August 3rd, Morgan Stanley issued a research report stating that Xiaomi Group (01810.HK) will announce its second-quarter results on August 18th. The report anticipates strong smartphone shipments and gross margin performance, with total quarterly revenue expected to exceed RMB 100 billion and recurring net profit margin reaching approximately RMB 6 billion. According to the latest data from Omdia, Xiaomis second-quarter smartphone shipments reached 31.2 million units, 15% higher than the banks forecast. Benefiting from record-high average selling prices and resilient shipment volumes, the bank expects smartphone gross margins to remain above 8% in the second quarter, primarily reflecting the pass-through effect of rising costs. The bank maintains its "Overweight" rating on Xiaomi with a target price of HKD 32.On August 3rd, it was reported that Lingbo Technology, a embodied intelligence company under Ant Group, has launched its first round of financing, aiming to raise 1.5 billion yuan. The company aims to complete its second round of financing by the end of this year. If completed as scheduled, this financing will break records for the fastest fundraising speed among startups in the embodied intelligence field. Lingbos publicly displayed roadmap over the past year is a globally rare comprehensive layout: Vision, Depth, Mapping, Video, WorldModel, VA, and VLA, covering almost the entire brain chain of robot perception, understanding, and action.Switzerlands July CPI monthly rate will be released in ten minutes.Kia Motors: Global vehicle sales in July reached 298,037 units, up 13.4% year-on-year.Germanys real retail sales fell 1.1% month-on-month in June, compared with a forecast of -0.1% and a revised figure of 1.00% for the previous month (originally 1.10%).

Brent Crude Rose 15% in A week Due to Australian Export Restrictions on Aluminum

Haiden Holmes

Apr 02, 2022 09:57

CRU1.png


The daily chart indicates that the price has recovered from the 50 MA and is now aiming for the 20 MA after three straight rising sessions. Since December, the long-term bull momentum has remained intact, as evidenced by the rising trend line connecting the lows.


The four-hour chart also demonstrates the price's strength, as the candlestick has now violated all significant moving averages and is stuck to an upward trajectory.


The next level of resistance is $3638, which will assist the metal in recouping all of its losses over the last two weeks. The price will be supported by the months-long trend line at roughly $3268 per ton.

Brent Crude Oil

Brent crude oil prices have been rising for six consecutive days and have jumped more than 6% to begin the new week. Brent Crude, the worldwide benchmark, is trading as high as $114.80 a barrel on Tuesday, having gained more than 15% in the previous week. The price increases as EU foreign ministers convene in Brussels to consider more measures against Russia.


Two weeks ago, the price of the most critical energy plummeted from a decades-high level and is now seeking to reclaim its peak. The daily chart indicates that the price has risen above the short-term indication and is now trading above the 20-day moving average, with the 50-day and 100-day moving averages still some distance away.


In the short term, the level of $117.4 will act as a critical stumbling block before the market re-enters the $120 plus zone. From the daily trend line, a support level between $108 and $109 may be seen.


Sentimentally, the RSI on the hourly chart has entered oversold territory, which might halt the bull-bias purchasing in the short term. However, the RSI level on the daily chart remains below the average for the last two months, indicating that the price may nudge higher.

Suggestion