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Futures News, January 22nd: I. Domestic Weather (1) Low temperatures still exist in Jiangnan and other areas, with temperatures gradually rising on the 23rd. On January 22nd, low temperatures still exist in Hunan, Guizhou, Jiangxi and other areas, with temperatures gradually rising from the 23rd. (2) Heavy to blizzard conditions in southwestern Tibet. From the night of January 22nd to the 24th, moderate to heavy snow is expected in parts of western Xinjiang and southwestern Tibet, with blizzards or heavy blizzards in some areas. During this period, light to moderate snow will occur on the Qinghai-Tibet Plateau from west to east, and temperatures will drop by 6-8℃ after the snowfall, with some areas experiencing drops of more than 10℃. II. Global Weather (1) Strong rain, snow, strong winds and temperature drops are expected in Central Asia and West Asia. Over the next three days, affected by the low-pressure system, some areas in southern Central Asia, central and eastern Afghanistan, the Pamir Plateau, eastern Far East, and central and northern Japan will experience heavy to blizzard-like snow or sleet, with some areas experiencing heavy to extremely heavy snow. Most of these areas will see a temperature drop of 8 to 12°C, with some areas experiencing a drop of 14 to 16°C, accompanied by strong winds of level 4 to 6 and above. (2) Heavy rainfall in central and southeastern Brazil. Over the next three days, affected by the low-pressure system, some areas in Brazil, Ecuador, western Colombia, Peru, and northern Bolivia will experience moderate to heavy rain, with some areas experiencing torrential rain. (3) Heavy precipitation in southern Africa and strong winds and temperature drops in the northwest. Over the next three days, affected by the low-pressure system, some areas in southern Africa, including Madagascar and Botswana, will experience moderate to heavy rain, with some areas experiencing torrential rain, accompanied by short-term heavy rainfall, thunderstorms, strong winds, and other severe convective weather. Temperatures in Libya and other areas will drop by 6 to 10 degrees Celsius or more, accompanied by strong winds of level 4 to 6 or higher.Japans Ministry of Finance: Japans exports to the United States fell 11.1% year-on-year in December, while exports to Asia rose 10.2% year-on-year.Integrated Circuits (Chips): 1. Ministry of Industry and Information Technology: Accelerate breakthroughs in key technologies such as training chips and heterogeneous computing power. 2. Moores Threads: Expected revenue of RMB 1.45 billion to RMB 1.52 billion in 2025. 3. Japanese automakers join forces with chip manufacturers to establish a database to prevent supply disruptions and geopolitical shocks. 4. The US says its goal is to move 40% of Taiwans semiconductor supply chain capacity to the US; Taiwan Affairs Office responds. 5. TSMCs advanced 3nm process faces unprecedented production bottlenecks; all capacity is booked until 2027. Artificial Intelligence: 1. OpenAI founder Altman meets with Middle Eastern investors to discuss $50 billion in funding. 2. The Qianwen series of models has surpassed 1 billion downloads. 3. OpenAIs first hardware device is reportedly an AI headset. 4. Apple plans to reshape Siri into a built-in chatbot, possibly announcing it in June. 5. Anthropics annual revenue is reportedly over $9 billion by the end of 2025. 6. White House AI report: Research estimates AI could boost GDP by 1% to over 45%. 7. Apple plans to launch its first wearable AI pin in 2027, with an initial production run of 20 million units. 8. Ministry of Industry and Information Technology: By 2025, my country will have over 6,000 AI companies, with the core industry expected to exceed 1.2 trillion yuan. 9. Meta: The Super Intelligence Lab delivered its first batch of key AI models internally in January, and the new AI models performed "very well." Other: 1. my country successfully conducted an automatic platooning test of heavy-haul trains. 2. Ministry of Industry and Information Technology: my country has launched the second phase of 6G technology trials. 3. Shanghai tax authorities fined Pinduoduo 100,000 yuan. 4. French game giant Ubisoft restructured its business, canceling six games and lowering its performance guidance. 5. Ministry of Industry and Information Technology: Will release guidelines for the construction of a comprehensive standardization system for humanoid robots and embodied intelligence. 6. Reports indicate that Googles Chromebook shipment target for this year remains unchanged from 2025, at 19.5 million units. 7. Sources: Nvidia CEO Jensen Huang plans to visit China in late January to attend a company gathering before the Spring Festival holiday. On January 22nd, a research report from CITIC Securities pointed out that the USD/CNY exchange rate has also continued to rise recently. Given the still strong willingness to settle foreign exchange in the short term, and the fact that the beginning of each year is a major window for RMB appreciation, it cannot be ruled out that the RMB will continue to rise before the Spring Festival, releasing appreciation pressure. The combination of falling US Treasury yields and a strengthening RMB will put considerable pressure on current US Treasury holdings. However, after entering March, US Treasury yields and the RMB exchange rate may simultaneously peak, at which time a more ideal buying opportunity will be provided.The founder of the US car trading platform TrueCar stated that tariffs will drive up prices and reduce supply. Longer car loans are also a problem for the auto industry.

Predictions for Gold Prices — Gold prices rose as the dollar weakened

Alina Haynes

May 24, 2022 09:43

Gold prices rise as the dollar weakens to start the week. The currency experienced negative pressure on reduced growth prospects and likely march toward recession. Benchmark rates climbed as shares surged today. Today, the yield on the ten-year Treasury note rose by 3 basis points.

 

On Monday, there was little going on in the world of business. Focus continues on Fed Chair Powell’s speech tomorrow and major economic statistics including PCI and first-quarter GDP published this week. Investors are anxious about impending recession and sluggish economic growth.

Analytical Methods

Gold prices came back from session highs but are still higher and possibly be headed to the 1860s. This week's economic statistics might point to a slowdown in economic growth, which would benefit gold.

 

To begin the week, gold prices held above the 200-day moving average of $1839. Support is indicated near the 200-day moving average near 1839. Resistance is apparent at the May 12th peak of 1858.

 

The Fast Stochastic has formed a crossover buy signal, indicating that the short-term momentum is bullish. Prices are no longer oversold as the fast stochastic prints a value of 54.58, considerably above the oversold trigger level of 20.

 

Medium-term momentum turns bullish as the MACD can provide a crossover buy signal. This occurs as the 12-day moving average minus the 26-day moving average passes below the 9-day moving average of the MACD line.

 

Price declines are predicted by the MACD (moving average convergence divergence) histogram, which shows a downward trend in price.

 

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