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According to Tianyancha’s intellectual property information on February 25, the “human-machine interface display method, system and vehicle for amphibious vehicles” applied by Chery Automobile Co., Ltd. was recently announced. The abstract shows that the present invention responds to the switching of the current operating mode of the amphibious vehicles. When the current operating mode of the amphibious vehicles is identified as flight mode, the real-time flight screen, flight status information and then the base station monitoring personnel video connection screen are displayed in each sub-display area; when the current operating mode of the amphibious vehicles is identified as driving mode, the land driving screen and the map navigation interface are displayed in each sub-display area. This achieves comprehensive monitoring of the status of amphibious vehicles, allowing the driver to respond to changes in the external environment in a timely manner and improve the flexibility and efficiency of operations. The integration of base station monitoring video strengthens the collaborative work between ground control and aircraft, and improves emergency response speed and mission execution efficiency.Government data showed that Saudi Arabias non-oil exports increased by 18.1% year-on-year in December last year, oil exports fell by 10.0% year-on-year, and merchandise exports fell by 2.8% year-on-year; imports increased by 27.1% year-on-year.On February 25, Nomura published a report, raising the target price of Kingdee International (00268.HK) by 73% from HK$11 to HK$19, reflecting an upside of 38.1%, and maintaining a buy rating. The bank believes that Kingdees SaaS transformation in the past few years has yielded results, bringing sustainable sources of revenue and cash flow, and the company may achieve profitability in fiscal 2025 as the main investment cycle has passed. In the long run, DeepSeek may help accelerate the companys AI application development and user adoption, thereby bringing better profit opportunities. At the same time, the bank expects weak IT spending (especially spending by small and medium-sized enterprises) to affect Kingdees revenue growth in fiscal 2024. The bank currently estimates that Kingdees revenue in fiscal 2024 will increase by about 12% year-on-year, cloud revenue will increase by 18% year-on-year, and ARR will increase by about 24%. The net loss in 2024 can be narrowed to RMB 98 million, a year-on-year decrease of 53%. The bank lowered its revenue forecast for fiscal 2025 by 3% and its earnings forecast by 12%, and raised its revenue forecast for fiscal 2026 by 0.7% and its earnings forecast by 7%.On February 25, data from the European Automobile Manufacturers Association showed that Teslas (TSLA.O) sales in Europe plummeted 45% to 9,945 units in January this year. Tesla registered only 1,277 new cars in Germany in January, the lowest monthly sales since July 2021; sales in France plummeted 63%, the worst performance since August 2022. In contrast, electric vehicle registrations across the European industry soared 37% that month, and Teslas competitors such as Volkswagen and Stellantis reaped rich rewards in the two major markets of Germany and the United Kingdom. Since the election of US President Trump, Musk has repeatedly criticized the leaders of Germany and the United Kingdom. In addition, he has joined Trump in belittling Ukrainian President Zelensky. YouGov conducted polls in Germany and the United Kingdom in mid-January and found that Musk was not popular and his interference in the politics of the two countries was also unpopular.On February 25, China Travel International and Huawei Cloud cooperated to access the DeepSeek full-blooded model to create a large model for the cultural tourism industry and promote innovation in cultural tourism intelligent scenarios. It is reported that Huawei Ascend AI Cloud Service will provide AI computing power support, deploy DeepSeek to customer applets, provide users with artificial intelligence dialogue services, and quickly launch services.

Silver Price Analysis: XAG / USD is on the verge of dropping below $21.00.

Alina Haynes

Mar 07, 2023 11:49

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XAG / USD fails to extend last Friday's rally, retreats from weekly highs of around$21.30, and falls 0.92 percent, or 0.20 cents, in Monday's session. The XAG / USD is currently trading at $21.02, down from its starting price. After testing the daily low on February17, which turned into resistance at$21.18, the XAG / USD spot price declined, as bears eye $20.00. The XAG / USD must, however, overcome the $21.00 obstacle on its journey south. The March 3 low of $20.84 and the March 1 low of $20.68 would serve as the XAG / USD next supports after they are gone. The Yearly low of $20.43 would be revealed if the latter was breached.

 

The Relative Strength Index (RSI) has rounded the curve and is now aiming downward after emerging from oversold circumstances. This indicates that sellers are gaining traction, which is further supported by the Rate of Change (RoC), as purchasing demand is waning.

 

As an alternate possibility, the XAG/USD first resistance would be the March 6 peak at $21.30. Silver may rise toward the 20-day Exponential Moving Average (EMA) at $21.50 once investors retake that mark before falling to the 200-day EMA at $21.85.