International
1. Goldman Sachs: Western capital flows dominate January precious metals market; gold forecasts upside risks.
2. Danske Bank: Short-term risk for the US dollar is skewed upwards after Warsh's nomination.
3. RHB Retail Research: Unless gold closes above $5090/oz, the technical outlook remains bearish.
4. ING: Market expectations for interest rate hikes are excessive; the Australian dollar faces downside risks.
5. Amundi: The ECB may open the door to interest rate cuts this year; low inflation will force further intervention.
Domestic
1. CICC: It will be difficult for any Fed chairman to shake the normalization of balance sheet expansion.
2. CITIC Securities: A reserve requirement ratio cut is highly probable in Q2 2026.
3. CITIC Securities: Tight supply and demand + upstream transmission; rising prices for electronic components continue to spread.
4. CITIC Securities: OpenAI is being implemented in advertising monetization; large-scale model commercialization is accelerating.
5. CITIC Securities: Solid-state battery pilot line bidding is imminent; bullish on the spring market for lithium battery equipment.
6. CITIC Securities: Global commercial aerospace enters a new phase centered on large-scale deployment and ecosystem building.
7. Galaxy Securities: The extended holiday provides a boost; platforms and duty-free sectors will reap the rewards.
8. Tianfeng Securities: This year's "Spring Festival rally" may be more sustained.
9. Huatai Securities: The VAT adjustment by the three major telecom operators may have a lower impact on profits than directly estimated.
10. Huatai Securities: Bullish on investment opportunities in "three-good" real estate companies, excellent commercial operators, Hong Kong-funded real estate companies, and high-dividend property management companies.
