• English
  • 简体中文
  • 繁體中文
  • Tiếng Việt
  • ไทย
  • Indonesia
Subscribe
Real-time News
On January 7th, eight departments, including the Ministry of Industry and Information Technology, issued the "Implementation Opinions on the Special Action for Artificial Intelligence + Manufacturing," which mentions accelerating the upgrading of intelligent terminals. It supports breakthroughs in technologies such as edge models and application toolchains, and cultivates AI terminals such as smartphones, computers, tablets, and smart home devices. Focusing on key scenarios such as industrial inspection and telemedicine, it accelerates the industrialization and commercialization of new terminals such as augmented reality/virtual reality (AR/VR) wearable devices and brain-computer interfaces. It promotes innovation in embodied intelligent products, builds pilot-scale production bases and training grounds for humanoid robots, creates benchmark production lines for humanoid robots, and prioritizes their application in typical manufacturing scenarios.Direct Purchase of Greenland: 1. Underlying Strategy: This approach is similar to a "real estate transaction," emphasizing offering economic benefits in exchange for a change in sovereignty. Its advantage is avoiding direct conflict. 2. Relevant Circumstances: US officials discussed negotiating the purchase price and agreement with Denmark, but both Denmark and Greenland firmly refused to sell. Public Opinion Campaign to Promote Greenlands Independence: 1. Underlying Strategy: By creating public opinion that "independence is more beneficial than harmful," the US aims to guide Greenland to hold an independence referendum. Once independent, the agreement can be signed directly, bypassing Denmark. 2. Relevant Circumstances: ① Shortly after taking office, the Trump administration began publicly strengthening its support for Greenlands "independence." ② Danish media revealed that US figures closely associated with Trump had been conducting covert influence operations in Greenland. ③ Trump established the position of Special Envoy for Greenland Affairs, and the new envoy publicly declared that the goal was "to make Greenland part of the United States." Signing a Compact of Free Association (COFA) with Greenland: 1. Underlying Strategy: The US can take over Greenlands defense, security, and some diplomatic and economic affairs without directly changing Greenlands sovereignty. 2. Relevant Circumstances: The US has signed similar agreements with other Pacific island nations, providing precedent for reference. This scenario could be considered a "soft landing," offering the US a strategic advantage while avoiding a forced takeover. Trading Ukraine for Greenland: 1. Underlying Strategy: To gain concessions from Europe on the Greenland issue in exchange for a clearer US security commitment to Ukraine. 2. Relevant Circumstances: As an ally of Denmark, Europe is unlikely to easily accept Greenlands secession. However, with the progress of Russia-Ukraine peace negotiations, Ukraine is demanding long-term, credible security guarantees from the US. An EU diplomat envisioned this "security for security" deal. Military Takeover of Greenland: 1. Underlying Strategy: While extreme, military takeover is not difficult. The US might adopt a "fait accompli" strategy: directly sending troops to land and declaring the island American. 2. Relevant Circumstances: Danish researchers point out that if the US military were to act, it could control Nuk within half an hour. Danish politicians bluntly stated: "It might only require five helicopters...no need for a large number of troops at all. The Greenlanders have almost no ability to resist."On January 7th, eight departments, including the Ministry of Industry and Information Technology, issued the "Implementation Opinions on the Special Action of Artificial Intelligence + Manufacturing," which mentions carrying out the "Model-Data Resonance" action. This includes promoting the establishment of a Chief Data Officer system for enterprises, continuously advancing the implementation of national standards for data management capability maturity, and strengthening the foundation of enterprise data governance. It also involves compiling a list of data resources suitable for industry model needs, releasing guidelines for building high-quality datasets in the manufacturing industry, and making good use of platforms such as the Manufacturing Digital Transformation Promotion Center to promote the transformation of basic data into high-quality industry datasets, achieving "data driven by models." Furthermore, it guides enterprises to strengthen their data engineering capabilities, promotes the deep integration of enterprise data development and model building, and explores the establishment of an integrated mechanism for "data collaboration, model training, application development, and security assurance," achieving "data empowering models."The Eurozones core CPI rose 0.2% month-on-month in December, compared with a previous reading of -0.4%.On January 7th, eight departments, including the Ministry of Industry and Information Technology, issued the "Implementation Opinions on the Special Action for Artificial Intelligence + Manufacturing," which mentions the development of high-level industry models. It supports innovation in model training and inference methods, developing high-performance algorithm models adapted to the real-time, reliability, and security characteristics of the manufacturing industry. It cultivates large-scale models for key industries, develops a "cloud-edge-device" model system, and continuously improves generalization capabilities. It also promotes the creation of small models for specific industrial scenarios, encouraging collaborative innovation between large and small models. Furthermore, it promotes lightweight model deployment and accelerates their application in industrial scenarios. Finally, it establishes a public service platform for models, providing high-level models and supporting tools.

GBP/USD maintains a defensive posture above 1.2400, with focus on US inflation, BoE Governor Bailey, and Fed minutes

Alina Haynes

Apr 12, 2023 13:47

 GBP:USD.png

 

GBP/USD fluctuates between 1.2415 and 1.2420 in the early hours of Wednesday's crucial session as bulls struggle to maintain control. This reflects a cautious outlook advance of the US Consumer Price Index (CPI) for March and the minutes from the most recent Federal Open Market Committee (FOMC) Monetary Policy Meeting. The speech of Bank of England (BoE) Governor Andrew Bailey is also crucial to monitor.

 

The most recent Bloomberg headlines indicate, however, that the British labor market is no longer constrained. "For the first time in two years, the number of people available for work in the United Kingdom increased, easing one of the tightest labor markets in more than a decade," reported the news.

 

In a similar vein, Reuters reported optimistic UK housing prices, allowing GBP/USD buyers to remain optimistic prior to high-profile data events. Reuters reported on Wednesday that British housing sales recovered to within a whisker of pre-crisis levels in March, signifying a rebound from September, when the failed economic plan of former prime minister Liz Truss caused market turmoil.

 

Recently, Neel Kashkari, president and CEO of the Federal Reserve Bank of Minneapolis, stated, "The inflation target of 2% should not be changed." However, other Fed policymakers have recently signaled divergent concerns, which has depressed the Cable investors. President of the Federal Reserve Bank of Philadelphia, Patrick Harker, stated that the Federal Reserve will continue to scrutinize available data to determine if additional action is required. John Williams, president of the New York Fed, had previously stated that interest rates will need to be lowered if inflation declines. In addition, the president of the Chicago Fed, Austan Goolsbee, stated on Tuesday that they should be cautious about increasing interest rates in light of recent developments in the banking sector.

 

In its January report, the IMF lowered its forecast for global real Gross Domestic Product (GDP) growth for 2023 from 2.9% to 2.8%. However, the international lender defends the efforts of the main central banks to combat inflation and gives GBP/USD pair traders no substantial indications.

 

After Wall Street's muddled close, S&P 500 Futures remain directionless in this environment, while US Treasury bond yields rise and encourage US Dollar sellers.

 

To thwart GBP/USD investors, the FOMC Minutes must defend the rate hike path. The meeting between US President Joe Biden and British Prime Minister Rishi Sunak in Northern Ireland is also notable. (NI).