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On January 20, Xpeng Motors announced that as of January 18, Xpeng MONA had achieved deliveries of over 60,000 units; it took only 15 days to deliver an additional 10,000 units, with an average of more than 666 units delivered per day, setting a new record for pure electric delivery of new forces.Futures January 20, Economies.com analysts latest view today: Brent crude oil prices have been under significant selling pressure in the previous few trading sessions, causing it to fall below the support line of the bull market channel, starting a bearish correction process. The first target price is set at 80.10. Once this price is effectively broken, the price may continue to fall to 78.40. In view of this, we expect market sentiment to be bearish today. However, if the price can rebound and break through the key level of 81.65, it may put the price back on the uptrend and challenge the recent high of 82.82. The expected trading range for Brent crude oil today is set between 79.30 (support) and 82.30 (resistance). Overall trend outlook: bearish.Futures January 20, Economies.com analysts latest view today: WTI crude oil futures prices have clearly fallen below the support line of the bullish channel and started a bearish correction at the intraday level. The initial goal is to test the support level of 77.53. If this support level is lost, the price may continue to fall, and the next bearish target is 75.53. A double top pattern has been completed on the price chart. This technical pattern reinforces the expectation that prices will continue to fall in the short term. However, if the price can rebound and break through the key level of 79.30, it may reverse the current bearish trend and re-stimulate bullish sentiment in the market. The expected trading range for crude oil today is set between 77.00 (support) and 80.00 (resistance). Overall trend outlook: bearish.Futures January 20, Economies.com analysts latest view today: Spot gold prices broke below the intraday bullish trend line and closed below it, which reinforced expectations of continuing the intraday bearish trend. It is expected to visit 2615.00 next, followed by 2600.00. The stochastic indicator has clearly lost positive momentum, supporting the expectation of a decline. It should be noted that a breakout of 2687.00 will stop the bearish volatility and lead the price back to the main bullish track. Todays trading range is expected to be between the 2625.00 support level and the 2660.00 resistance level. Trend forecast: bearish.On January 20, Baidus Chief Technology Officer and National Excellent Engineer Wang Haifeng told reporters: In the next few years, the Scaling Law will still be valid. On the one hand, higher quality and larger data and larger models will bring stronger capabilities; on the other hand, large language models still have room for improvement, and multimodal large models will become more and more useful and practical.

GBP/USD is nearing its 50-day moving average as DXY follows rates lower, while UK politics and US GDP are closely monitored

Daniel Rogers

Oct 25, 2022 15:33

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GBP/USD rises above 1.1300, gaining 0.25 percent intraday, as investors praise a weakening US dollar and await a resolution to the UK's parliamentary upheaval on Tuesday morning. Nevertheless, a dearth of significant data/events and sluggish markets, in addition to the immediate technical problems, present obstacles for pair buyers following a bad start to the week.

 

Following his election as the third British Prime Minister in less than two months, former Financial Minister Rishi Sunak reminded his followers that the United Kingdom is experiencing a "serious economic problem." The politician continued, "We now require stability and unity, and I will make unifying our party and our nation my top priority." GBP/USD buyers are hopeful about surviving the month-long political uncertainty due to Sunak's credibility, which is partly related to his expertise at Goldman Sachs and his ability to accurately predict financial turmoil if Liz Truss implements her fiscal stimulus.