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On February 27, SenseTime (00020.HK) Technology announced that the number of direct individual registered users of the SenseTime Little Raccoon Family has exceeded 1 million, serving more than 300 corporate users. The final number of individual users has reached 15 million, and the daily token number has reached over 10 billion.On February 27, JPMorgan Chase released a research report stating that Ctrip Group (09961.HK)s net income in the fourth quarter increased by 23% year-on-year to 12.74 billion yuan, better than expected, and adjusted operating profit reached 2.76 billion yuan, better than expected, and adjusted earnings per share reached 4.35 yuan, better than expected. The bank expects that due to the increase in user growth in international OTA business, trip.com, etc., the sales and marketing ratio will increase and the profit margin outlook will decline, so its stock price is expected to react negatively to the fourth quarter results. The bank believes that given the strong return rate of 91% in 2024, the lack of short-term benefits brought by the adoption of GenAI and the weak profit margin outlook, investors may sell stocks to make profits after the results are announced. The bank lowered the companys earnings per share forecast for this year and next year by 4% each, and lowered its target price from HK$600 to HK$580, maintaining its overweight rating.Ukraines top commander: working together with brigades fighting to defend Ukraines Donetsk region as Russias offensive intensifies.The main contract of the Container Shipping Index (European line) narrowed its decline to 2.33% and is now reported at 1,788 points, having previously fallen by more than 6%.Futures news on February 27: 1. The trading volume of WTI crude oil futures was 706,606 lots, an increase of 44,190 lots from the previous trading day. The open interest was 1,778,090 lots, an increase of 9,291 lots from the previous trading day. 2. The trading volume of Brent crude oil futures was 143,068 lots, an increase of 21,456 lots from the previous trading day. The open interest was 175,710 lots, a decrease of 2,420 lots from the previous trading day. 3. The trading volume of natural gas futures was 551,821 lots, a decrease of 83,256 lots from the previous trading day. The open interest was 1,597,232 lots, an increase of 1,453 lots from the previous trading day.

Gold Price Prediction: XAU/USD Expects a Steady Advance to $1,980 – Confluence Detector

Alina Haynes

Feb 02, 2023 15:58

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In the early hours of Thursday, the gold price (XAU/USD) reached $1,952.50, which is the highest level since April 2022. In doing so, the XAU/USD bulls appear to take a breather after climbing the highest in two weeks, as markets prepare for a couple more central banks and the U.S. employment report.

 

Nonetheless, the Gold price rose sharply the day before after the US Federal Reserve (Fed) weakened the US Dollar with its highly anticipated and anticipated dovish raise of 0.25 percent. However, the most attention was paid to the Fed's statement indicating waning inflationary pressure and Chairman Jerome Powell's suggestions of rate reduction in late 2023 if inflation falls more quickly. Additionally supporting the XAU/USD bulls were disappointing US data and anticipation for additional stimulus from China, not to mention rising equities and declining US Treasury bond yields.

 

In addition, monetary policy meetings of the European Central Bank (ECB) and the Bank of England (BoE) could indirectly influence the price of gold via the US dollar and market sentiment. However, the January jobs report for the United States will be an important indicator on Friday.

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