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January 23 - According to the Shenzhen Branch of the Peoples Bank of China, since the implementation of the "Cross-border Wealth Management Connect" 2.0 version, Shenzhen banks have added approximately 32,000 individual investors, with a total cross-border payment amount of 52.6 billion yuan, accounting for nearly half of the total amount in the Guangdong-Hong Kong-Macao Greater Bay Area. The business scale has increased more than eightfold compared to the 1.0 version, continuously meeting the cross-border wealth management needs of residents in the Greater Bay Area.Russian Presidential Special Representative Dmitriev: The meeting between Russian President Putin and US Middle East Special Envoy Witkov was "of great significance".A chart summarizing the overnight price movements of international spot platinum and palladium.On January 23, Goldman Sachs stated that, given rising memory prices, a flattening replacement cycle following the end of Windows 10 support, and the earlier-than-expected release of demand in the fourth quarter of 2025, they have lowered their global PC shipment forecasts for 2026-2028. They now expect global PC shipments to change by -5%/+3% year-on-year in 2026/2027 (previously forecasting a 3% year-on-year increase in both sectors).January 23 - On January 22, the fourth phase of the Guangdong Chip Semiconductor project was officially launched. The project has a total investment of RMB 25.2 billion and plans to build a 12-inch mixed-signal specialty process production line with a monthly capacity of 40,000 wafers. It is expected to be completed and put into operation by the end of 2029.

WTI Price Analysis: Testing the $80 level versus the broad USD

Daniel Rogers

Apr 11, 2023 14:20

 截屏2023-01-13 下午5.17.06.png

 

On Monday, crude oil prices are lower as a risk-averse sentiment underpins the U.S. dollar. The price of the black gold is a few cents above its intraday low of $79.71 per barrel and is approaching the range's bottom.

 

Early in April, the Organization of the Oil Exporting Countries and Allies (OPEC+) astonished market participants by announcing a 1.16 million-barrel-per-day reduction in their oil output, which pushed West Texas Intermediate (WTI) approximately 5.5% higher on April 3 and left a $4 void. Since the announcement, WTI has been consolidating between $79 and $81.80, unable to find fresh directionality.

 

Higher energy prices have contributed to inflation's meteoric rise, and OPEC+'s decision came as a complete surprise, reigniting concerns not only about price pressure but also about economic growth.