EUR/USD
1.19334
-0.311%
Gold
5238.82
-2.559%
Oil
64.144
-1.683%
USD/JPY
153.824
0.468%
GBP/USD
1.37610
-0.350%
GBP/JPY
211.682
0.126%
Real-time News
January 30th, Futures News: Economies.com analysts latest view: Spot gold prices retreated intraday after hitting overbought levels, influenced by a bearish (negative) signal from the Relative Strength Index (RSI). Simultaneously, spot gold prices are attempting to find higher lows, providing a foundation for regaining bullish momentum and resuming the upward trend. Despite the current weakness, gold prices have found strong dynamic support above the 50-day moving average (EMA50). This reinforces the solidity and dominance of the main bullish trend in the short term, making a recovery and continuation of the rebound in the near term still highly probable.Japans construction orders rose 20.2% year-on-year in December, up from 9.5% in the previous month.January 30th, Futures News: Economies.com analysts latest view: Before the previous trading days decline, WTI crude oil futures prices touched the key resistance level of $65.75, which was the target level predicted in our previous report, and subsequently stabilized under pressure, initiating a corrective move. The market aims to find higher lows as support levels to help it regain upward momentum and resume its upward trend. This movement is mainly to digest the previous overbought pressure of the Relative Strength Index (RSI), especially with the emergence of negative signals from this indicator. However, in the short term, the overall bullish pattern remains unchanged, with prices still moving upward along the effective trend line, and the potential for a rebound in the near future remains valid.January 30th, Futures News: Economies.com analysts latest view: Brent crude oil futures prices fell in recent intraday trading, mainly due to the Relative Strength Index (RSI) releasing a negative signal after reaching overbought levels. The current price is attempting to find a higher low as a base to accumulate the necessary bullish momentum for a subsequent rebound. In the short term, the dominant trend remains bullish, with prices moving along the support trendline. It is also worth noting that the RSI has reached oversold levels that are significantly exaggerated compared to the price action.On January 30th, Xie Feng, the Chinese Ambassador to the United States, stated at an event in Philadelphia on the 28th that people-to-people exchanges should serve as a bridge, a medium, and a mirror to help China and the United States build a correct way of getting along in the new era. Speaking at an event jointly organized by the China National Tourist Office in New York and the Philadelphia Orchestra, Xie Feng said that China and the United States are currently exploring a correct way of getting along in the new era, a long and arduous task that requires both sides to continuously strengthen the bond of people-to-people exchanges and inject a continuous stream of positive energy into China-US relations. First, people-to-people exchanges should serve as a bridge to enhance friendship through artistic resonance; second, people-to-people exchanges should serve as a medium to promote mutually beneficial cooperation through two-way exchanges; and third, people-to-people exchanges should serve as a mirror to achieve mutual benefit and harmony through mutual learning. Chinese and American cultures are not opposing forces of zero-sum game, but rather complementary elements that can be exchanged, learned from, and used for common progress. Both sides should continue to expand the breadth and depth of China-US people-to-people exchanges, enhance understanding through mutual respect, build consensus through mutual appreciation, and promote both China and the United States to become better versions of themselves.
