• English
  • 简体中文
  • 繁體中文
  • Tiếng Việt
  • ไทย
  • Indonesia
Subscribe
Real-time News
US President Trump: We will wait for this storm to pass and we will not let a rainstorm interrupt the 250th anniversary celebrations.Artificial Intelligence: 1. Doubao and Qianwen will discontinue their intelligent agent functions. 2. Zhang Yufeng of Wujie Power: Global humanoid robot production is expected to reach approximately 20,000 units by 2025, but commercial application remains largely untapped. Integrated Circuits (Chips): 1. Micron invests $9 billion to expand its chip factory in western Japan. 2. The first neurodynamic chip has been developed, contributing to the development of technologies such as brain-computer interfaces. 3. He Tingbo of Huawei released the V2 version of the "Tao Law" paper, supplementing engineering details and experimental data. Other: 1. my countrys first integrated aerial survey aircraft successfully completed its maiden flight. 2. Goldman Sachs maintains its "Buy" rating on MiniMax with a target price of HK$860. 3. The Taipingling Nuclear Power Plant Unit 2, the first "Hualong One" project in the Guangdong-Hong Kong-Macao Greater Bay Area, was connected to the grid for the first time. 4. Chen Li of Unitree Technology: The core technology of its articulated motors is entirely self-developed, with upstream suppliers relying solely on raw materials such as copper wire and magnets.Conflict Status: 1. Putin said large-scale attacks on Ukrainian military industrial facilities must continue. 2. Large-scale mutual attacks between Russia and Ukraine; Russian military claims control of several settlements. 3. The Ukrainian General Staff denies that Russian troops have occupied Kostyadinovka in eastern Ukraine. 4. Russian Ministry of Defense: Zelenskys attempts to sabotage Russian civilian facilities will not be ignored. 5. Russia says it is willing to hand over the remains of Ukrainian soldiers killed in action and demands that Ukraine stop shelling Konstantinovka. Peace Negotiations: 1. Zelensky and Trump spoke by phone and agreed to meet during the NATO summit. 2. Putin and Trump spoke by phone, reiterating his preference for a political solution to the Ukraine crisis; Trump said he would continue to mediate the Russia-Ukraine conflict. 3. Zelensky said that if the key Donetsk town of Konstantinovka were under Russian control, Putin could meet with him there. 4. Russia responded to the proposal for a meeting between Zelensky and Putin, stating that Konstantinovka is now completely under Russian control and that Zelensky could travel to Moscow once he is willing to make a "significant and responsible decision," as Moscow is the capital of Russia, not Konstantinovka. Other developments: 1. According to TASS: Putin signed a law revising tax regulations to support the domestic fuel market.July 5th - According to the Aviation Industry Corporation of China (AVIC), my countrys first fixed-wing aircraft platform for comprehensive atmospheric environmental monitoring, the "Yun-12F Atmospheric Comprehensive Aerial Survey Aircraft," recently completed its maiden flight at Harbin Pingfang Airport. It is reported that this aircraft, based on the Y-12F aircraft, has completed large-scale integration and modification of over 60 mission-related equipment to meet the high-sensitivity, three-dimensional detection requirements of multiple pollutants, including particulate matter, gaseous pollutants, greenhouse gases, and cloud water physicochemical properties. It possesses integrated aerial survey capabilities for detecting multiple pollutants, greenhouse gases, and cloud water. The successful development of this aircraft will provide an important vertical detection method for regional air pollution monitoring in my country.Kremlin: Putin invited Trump to visit Russia during the call.

The euro gave up all gains against the dollar, and US retail sales were better than expected

Oct 26, 2021 11:05

After climbing to the daily top near 1.1620 on Friday (October 15), the EUR/USD encountered some selling pressure and gave up all the intraday gains, and now it has fallen back to the area below 1.1600 before the weekend.


The euro against the dollar is still restricted to the 1.1620 area


The lack of follow-up to the earlier bullish attempts in the 1.1620 area forced the EURUSD to give up its initial gains and return to around 1.1600.

At the same time, the U.S. dollar remained in a rising range slightly higher than 94.00. Prior to this, US retail sales in September increased by 0.7% month-on-month, and sales other than automobiles increased by 0.8% month-on-month. Both figures were better than expected.

Further US data showed that export prices rose 0.1% month-on-month and import prices rose 0.4% last month. In addition, the New York Fed Index fell to 19.8 this month (previously 34.3).

European reports show that as of September, France's final CPI rose 2.2% year-on-year, while Italy's CPI rose 2.5% over the same period. In addition, the Eurozone trade surplus suddenly shrank to 4.8 billion euros in August.

The level to watch for the euro against the dollar


So far, the euro has remained flat against the US dollar at 1.1597, and is facing the next upward resistance of 1.1624 (week high on October 14), followed by 1.1640 (week high on October 4), and finally 1.1719 (50-day moving average) ).

On the other hand, if it falls below 1.1576 (10-day moving average), the target price will be 1.1524 (the lowest price on October 12, 2021), and then 1.1495 (the highest price on March 9, 2020).

(Daily chart of the euro against the dollar)