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February 25th news, a few days ago, there was news that Bosch will terminate its electric vehicle charging service at the end of the first quarter of this year. In this regard, the reporter asked Bosch for confirmation, and its staff said the news was true. Bosch will terminate its electric vehicle charging service at the end of the first quarter of this year, and related applications will also be offline on March 31, 2025. Bosch said the move was due to fierce competition in the electric mobility service market, lower-than-expected growth, and high cost pressure and investment needs. As of September last year, Bosch provided more than one million charging pile access services on four continents around the world, and had reached charging cooperation with Lotus, Maserati and others. Bosch said it has communicated with relevant parties to ensure a smooth transition of business adjustments and continue to promote the development of electric drive technology.The Japan Restoration Party (ISHIN) reached an agreement on a revised national budget for the Liberal Democratic Party and Komeito coalition, paving the way for a 115 trillion yen budget for the 2025/26 fiscal year, party officials said.The Hang Seng Index in Hong Kong closed at 23,034.02 points on February 25 (Tuesday), down 307.59 points, or 1.32%. The Hang Seng Tech Index in Hong Kong closed at 5,698.82 points on February 25 (Tuesday), down 90.7 points, or 1.57%. The CSI 300 Index closed at 8,499.19 points on February 25 (Tuesday), down 119.69 points, or 1.39%. The H-share Index closed at 3,812.27 points on February 25 (Tuesday), down 46.5 points, or 1.21%.As European stocks opened, semiconductor companies Semis Besi, STMicroelectronics, ASML, ASM International and Soitec fell, with declines ranging from 1% to 2%.Germanys DAX30 index opened on February 25 (Tuesday) down 144.84 points, or 0.65%, at 22,276.52 points; Britains FTSE 100 index opened on February 25 (Tuesday) down 25.36 points, or 0.29%, at 8,633.62 points; Frances CAC40 index opened on February 25 (Tuesday) down 26.82 points, or 0.33%, at 8,064.17 points; Europes The STOXX 50 index opened on February 25 (Tuesday) down 31.50 points, or 0.58%, to 5416.45 points; the Spanish IBEX 35 index opened on February 25 (Tuesday) down 49.94 points, or 0.38%, to 12963.86 points; the Italian FTSE MIB index opened on February 25 (Tuesday) down 158.56 points, or 0.41%, to 38314.00 points.

The international gold price is bearish and will not be short for the time being. After it falls below $1738, the short position will enter the market.

Oct 26, 2021 10:57

On Friday (October 1), the spot gold price was basically stable, not far from the one-week high of US$1,764.26 per ounce recorded on the previous trading day. Because of the unexpected increase in the number of initial jobless claims in the United States announced overnight, and some Fed officials said the need to maintain low interest rates.

At 15:15 GMT+8, spot gold fell 0.04% to 1756.25 US dollars per ounce; the main COMEX gold contract fell 0.02% to 1756.7 US dollars per ounce; the US dollar index rose 0.02% to 94.284.


On Thursday (September 30), the gold price rebounded sharply from the low point of $1,721.76 per ounce set on August 10 the previous day, and closed up nearly 1.8% in the final trading; because the U.S. dollar index fell back to a new high of 94.504 since September 28 , The final trade closed down more than 0.1%.

Chicago Fed Chairman Evans said on Thursday (September 30) that he believes that the current supply shocks pushing up prices will be eased next year, and the United States still needs to maintain low interest rates in order to bring the inflation rate back to 2% for a long time.

Data released on Thursday showed that as of the week of September 25, the seasonally adjusted number of initial jobless claims in the United States unexpectedly rose to 362,000, higher than market expectations of 330,000 and higher than the previous value of 351,000. .

The U.S. Congress passed a provisional bill on Thursday to avoid a government shutdown, but as the House of Representatives prepares to vote on the $1 trillion infrastructure bill, President Biden’s agenda is facing another test.

Congressional Democrats and Republicans continue to quarrel over whether to grant the Treasury Department a debt authorization that exceeds the current legal debt ceiling of $28.4 trillion. Treasury Secretary Yellen estimated that if Congress does not take action, the United States may have an unprecedented debt default around October 18.

Standard & Poor's Global Ratings warned on Thursday that if the United States defaults on debt, it will have "serious and extraordinary" consequences for financial markets. However, the agency added that it is expected that the US Congress will eventually resolve the debt ceiling issue in time.

On the daily chart, the price of gold fell below the 38.2% target of the downward (3) wave that started from $1834 at $1744. The market outlook is expected to further drop to the 61.8% target at $1688. (3) Wave is a sub-wave of the downward ((Y)) wave that started from 1917 USD, and ((Y)) belongs to the adjusted IV wave that started from 2075 USD 5.

On the hourly chart, the price of gold is expected to start a five-wave downward trend from US$1,764. It is expected to fall below the 38.2% target of US$1748, and further drop to the 61.8% target of US$1738. Wave 5 is the sub-wave of (3) Wave.

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