• English
  • 简体中文
  • 繁體中文
  • Tiếng Việt
  • ไทย
  • Indonesia
Subscribe
Real-time News
Citigroup lowered its price target for Micron Technology (MU.O) from $510 to $425.On March 31, ZhengTong Auto (01728.HK) announced that trading in its shares on the Hong Kong Stock Exchange was suspended at 9:00 a.m. on July 2, 2025, and will remain suspended until further notice. The company is actively working with the offeror and financial advisor to restore the minimum public float, including placing or selling shares to selected independent third parties and identifying opportunities for new share placements, but as of the date of this announcement, no legally binding commitments have been reached. Given that the companys full-year results will not be published until March 30, 2026, some potential investors prefer to make investment decisions after the results are announced, and related discussions will require time to proceed. The company will issue further announcements regarding the progress of restoring the public float in due course.A spokesperson for the European Commission said: "We will not speculate on any possible next steps or related measures that the Commission may take."On March 31, European Central Bank (ECB) Governing Council member Aleksandar Vujicic stated that the rise in inflation expectations since the outbreak of the Iran-Iraq war was not surprising. He said, "This is exactly what we expected and said before – inflation will definitely rise due to events related to Iran. The longer the war lasts and the greater the damage to energy infrastructure, the more likely we are to see upward pressure on energy prices, which will translate into higher inflation." ECB officials are closely monitoring price expectations from consumers, businesses, and investors to decide how to respond to soaring energy costs. This factor drove eurozone inflation to its largest increase since 2022 in March. While some policymakers believe a rate hike may be necessary next month, Vujicic declined to comment definitively. "Nothing is certain, and there will be a lot of data and news before our April meeting," he said.On March 31st, it was learned from industry sources that the Securities Association of China recently issued a notice to the industry, officially launching the assessment of the digital capability maturity of securities companies. The assessment aims to guide industry institutions to systematically "understand their own capabilities," identify problems and shortcomings in their digital transformation through benchmarking, and thus clarify the optimization direction and key areas for future digital capability development. The assessment results will also provide important reference for regulatory authorities to comprehensively understand the overall digital level of the industry and formulate relevant decisions. The simultaneously issued "Securities Company Digital Capability Maturity Assessment Scheme (2026)" details the composition of securities companies digital capability system, maturity level classification, and the significance of the digital capability assessment. It also introduces the basic requirements, assessment process, and specific assessment requirements. Furthermore, the scheme provides a method for calculating the assessment results.

Silver Price Analysis: Near 50 DMA, XAG/USD rises to mid-$23.00s

Alina Haynes

Feb 03, 2023 15:21

Silver attracted buyers around its 50-day simple moving average (SMA) on Friday, halting its previous day's regression from its highest level since April 2022. In the early European session, the precious metal maintains a moderately bullish tone, although the intraday increase lacks bullish confidence.

 

The XAG/USD has formed a rectangle pattern on the daily chart during the previous half-month, bouncing in a typical range. This indicates traders' hesitation and calls for care before putting aggressive direction bets. The inability to gain acceptance above the $24.50 supply zone overnight validates the trading range resistance, which should now serve as a pivot point.

 

Given that technical indications on the daily chart have only recently begun to drift into negative territory, it would be smart to await a sustained advance beyond the aforementioned barrier before putting bullish wagers. The XAG/USD pair might then attempt to recapture the $25.00 psychological level for the first time since April 2022. On the way to $26.00, the momentum could be extended towards the next significant obstacle near the $25.35 region.

 

Conversely, any further decline below the horizontal zone between $23.40 and $23.30 may continue to find support around the $23.00 to $22.95 region. This is followed by support in the $22.75 range, which, if forcefully broken, could pull the XAG/USD to the next key support near the $22.20-$22.15 zone before the $22.00 level.