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Real-time News
April 7th - According to the Financial Times, the UK government is considering standardized testing of common AI models used by all UK banks. This comes after the Bank of England issued a warning last year regarding these banks assessment practices. Harriet Rees, Chief Information Officer of digital bank Starling, made the proposal to the Department for Science, Innovation and Technology last month. The proposal aims to reduce duplication and inconsistencies in testing and ensure that US algorithms meet standards. Rees stated, "Given our reliance on US models, testing would reassure the government that they have at least reviewed these models and know that they meet certain standards."April 7th, Futures News: Economies.com analysts latest view: Brent crude oil futures have stabilized and risen in recent intraday trading, preparing to test the key resistance level of $110.65. The price is currently above the 50-day moving average, finding dynamic support, and is trading along the short-term major uptrend line, supporting the possibility of a breakout above this resistance level. Furthermore, the Relative Strength Index (RSI) is also giving a positive signal, indicating that the price has moved out of overbought territory.April 7th, Futures News: Economies.com analysts latest view: WTI crude oil futures have risen further in recent intraday trading, breaking through the key resistance level of $105.00, showing strong upward momentum. The Relative Strength Index (RSI) is giving a positive signal, supporting this upward trend. Previously, the stock had moved out of overbought territory, giving it more room to continue rising and potentially achieve further gains in the short term. Furthermore, the stock is currently trading above the EMA50, receiving continuous dynamic support, which enhances the stability and dominance of the main upward trend in the short term.Futures News, April 7th: Economies.com analysts latest view: Gold prices fell in recent intraday trading due to a negative signal from the Relative Strength Index (RSI) after reaching overbought territory. Currently, gold prices have returned to the short-term upward correction trendline, attempting to gain positive momentum for a rebound and resumption of the upward trend. This forecast is based on the following factors: prices have continued to trade above the 50-day moving average, forming dynamic support, which increases the likelihood of a short-term rebound. However, prices must hold the nearby support level.According to the Financial Times, the UK is considering testing artificial intelligence models used by banks.
