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On July 27th, Hyundai Motor Group Executive Chairman Chung Eui-sun stated that the group is transforming into a provider of physical AI solutions, covering autonomous driving, robotics, and AI-driven smart manufacturing. As part of this strategy, Hyundai and NVIDIA will jointly develop a robotics reference platform, providing standardized hardware and software to support startups, universities, and research institutions in more efficiently developing and validating robotic technologies. Hyundai also announced a broader roadmap, including collaborations with Waymo and Google DeepMind. Building on a previous agreement to purchase 50,000 NVIDIA GPUs, the company plans to accelerate the development of digital twin technology and autonomous driving systems.July 27 - According to Xunze (03317.HK), the company has reached a strategic cooperation agreement with Shenzhen Kaihong Digital Industry Development Co., Ltd. The two parties will carry out comprehensive cooperation in three major areas: AI data infrastructure, terminal data tokenization application, and token business model.Apples (AAPL.O) system status webpage indicates that the outage has been resolved for all affected services, including the App Store.On July 27th, Yu Weining, Chief Statistician of the Industrial Statistics Department of the National Bureau of Statistics, interpreted the data, stating that in the first half of the year, against the backdrop of stable industrial production growth and a continued rebound in industrial product prices, the operating revenue of industrial enterprises above designated size increased by 6.5% year-on-year, 1.5 percentage points faster than in the first quarter. The accelerated growth in operating revenue led to a 18.7% year-on-year increase in profits for industrial enterprises above designated size, 3.2 percentage points faster than in the first quarter. Looking at the three major sectors, profits in the mining and manufacturing industries increased by 33.5% and 20.1% respectively, accelerating by 17.3 and 1.0 percentage points respectively compared to the first quarter; while profits in the production and supply of electricity, heat, gas, and water decreased by 4.2%. In June, the profits of industrial enterprises above designated size nationwide increased by 15.1% year-on-year.On July 27th, the highest 7-day annualized yield of Tencent Wealth Managements "Current Account +" was 1.4850%, and the lowest was 0.7320%. The highest 7-day annualized yield of WeChat Pays "Lingqian Tong" was 1.0130%, and the lowest was 0.9220%. The highest 7-day annualized yield of Alipays "Yuebao" was 1.0610%, and the lowest was 0.9520%.

XAG/USD traces fourth weekly gain in options market catalyst near $25.00, per Silver Price Analysis

Alina Haynes

Apr 07, 2023 11:39

截屏2022-09-23 下午2.30.52.png

 

Silver price (XAG/USD) oscillates between $25.00 and $24.95 during Good Friday's inactive Asian session, after retreating from a one-year high on Wednesday. Despite this, the precious metal remains well-positioned for a fourth consecutive weekly gain while tracking optimistic options market signals.

 

Nevertheless, a one-month risk reversal (RR) of the Silver price, a measure of the spread between call and put options, shows a slight daily loss of -0.1000 by the conclusion of Thursday's North American session.

 

Notably, the weekly RR has increased for the fourth consecutive week, to 0.2000 at the latest. In addition, the monthly options market signals are currently stronger in April than they were in March, when they posted the largest gains in a year.

 

While the options market is emitting bullish signals, the Good Friday holiday may limit XAG/USD movement prior to the all-important Nonfarm Payrolls report. (NFP).