• English
  • 简体中文
  • 繁體中文
  • Tiếng Việt
  • ไทย
  • Indonesia
Subscribe
Real-time News
1. US media: Dark Side of the Moons valuation rises to $4.8 billion. 2. US media: OpenAI plans to launch its first hardware device in 2026. 3. MiniMax CEO Yan Junjie attends Premiers symposium, becoming the second AI large-scale model company representative to participate. 4. Musk: AI5s dual-chip collaboration is equivalent to Nvidias Blackwell level. 5. Reports indicate TSMC will invest in building four more advanced packaging facilities in Taiwan this year. 6. Reports indicate SK Hynix completes process upgrade at its DRAM memory wafer fab in Wuxi, Jiangsu, China. 7. Shenzhou-20 spacecraft return capsule successfully lands at Dongfeng Landing Site. 8. New national standards for civilian drones, clarifying registration and activation procedures, are released. 9. Counterpoint: Apples iPhone shipments in China grew by 28% during the holiday season, regaining its number one market position. 1. European stock markets closed lower across the board. The German DAX index fell 1.34% to 24,959.06 points, the French CAC40 index fell 1.78% to 8,112.02 points, and the UK FTSE 100 index fell 0.39% to 10,195.35 points. Market concerns about weakening expectations of a Fed rate cut, weak European economic data, disappointing corporate earnings, and escalating geopolitical tensions fueled risk aversion. 2. The domestic bond market was generally weak and volatile. Most treasury bond futures closed lower, with the 30-year main contract down 0.22% and the 10-year main contract down 0.02%. Yields on most major interbank interest rate bonds rose by less than 1 basis point. 3. International oil prices rose across the board. The WTI crude oil futures contract rose 0.15% to $59.43 per barrel, and the Brent crude oil futures contract rose 0.08% to $64.18 per barrel. 4. All base metals rose in London. LME tin rose 3.87% to $49,840.0/ton, LME nickel rose 3.23% to $18,145.0/ton, LME copper rose 1.44% to $12,987.0/ton, LME aluminum rose 1.01% to $3,165.5/ton, LME lead rose 1.00% to $2,064.5/ton, and LME zinc rose 0.78% to $3,234.0/ton.January 20th - According to CNBC, citing sources, artificial intelligence startup Moonshot AI has increased its valuation by $500 million to $4.8 billion in its latest funding round. Just weeks ago, Moonshot AI was valued at $4.3 billion. The previous funding round was announced on December 31st, and IDG, Alibaba, and Tencent reportedly participated.January 20th - An article states that the high complexity of commercial spaceflight means its development is often accompanied by setbacks. We should view launch failures rationally and focus on the progress of troubleshooting. Currently, my countrys commercial spaceflight industry possesses two major structural advantages. On the one hand, thanks to a rigorous "zeroing out" mechanism, my countrys commercial spaceflight industry can systematically troubleshoot faults and accelerate technological iteration. On the other hand, the parallel exploration of multiple technological routes has formed a pattern of risk diversification and technological complementarity, which is expected to significantly shorten the technology maturity cycle and achieve substantial breakthroughs in key areas. At the same time, the long-term healthy development of the commercial spaceflight industry requires patient capital support. Commercial spaceflight technology has high barriers to entry and a long verification cycle; it is currently still in a critical stage of market cultivation and capacity building. Capital should focus on the long term, targeting companies with core technological strength and clear commercial paths, and avoid short-term speculation that could disrupt the industrys development pace.January 20th - The State Council Information Office will hold a press conference at 10:00 AM on Tuesday, January 20th, 2026. Wang Changlin, Vice Chairman of the National Development and Reform Commission, will introduce the implementation of the spirit of the Central Economic Work Conference and the relevant situation regarding promoting a good start to the 15th Five-Year Plan, and will answer questions from reporters. The State Council Information Office will also hold a press conference at 3:00 PM on Tuesday, January 20th, 2026. Liao Min, Vice Minister of Finance, will introduce the relevant situation regarding leveraging the role of proactive fiscal policy to promote high-quality economic and social development, and will answer questions from reporters.

GBP/USD Price Analysis: Breaking Crucial Resistance at 1.2260

Alina Haynes

May 16, 2022 11:00

In the early Tokyo session, the GBP/USD pair is oscillating in a tight range between 1.2236 and 1.2266. After hitting a low of 1.2173 on Friday, the asset has been gradually ascending as risk-perceived currencies attracted strong interest.

 

A break to the upside of the cable from its prior range of 1.2173 to 1.2248 has strengthened the pound versus the dollar. The pair is hanging near the important horizontal resistance established by the high reached on May 9 at 1.2262. The trendline drawn from the March 5 high of 1.2663 and the previous week's high of 1.2400 will operate as a formidable barrier in the near future.

 

A sustained move above the 50-period Exponential Moving Average (EMA) at 1.2233 is bullish for the currency pair. However, the asset remains below the 200-day exponential moving average (EMA) at 1.2340, indicating that a downward tendency persists.

 

The momentum oscillator, Relative Strength Index (RSI), (14) oscillates between 40.00 and 60.00, indicating a lack of direction heading ahead.

 

If the asset surpasses the previously mentioned trendline at 1.2300, investors should consider a positive move. This will lead the asset in the direction of the previous week's peak at 1.2400, followed by the May 9 peak at 1.2662.

 

Alternatively, dollar bulls could reclaim control if the asset falls below Friday's low of 1.2173, sending it towards the 18 May 2020 low of 1.2075. A violation of the latter will drag the cable to the high of 1.1973 on March 25, 2020.

GBP/USD Chart Hourly

image.png