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On March 13th, according to Qichacha APP, Guangzhou Xiaopeng Motors Technology Co., Ltd. recently applied for and published a patent for "Method, Device, Equipment and Storage Medium for Gait Adjustment of Robots". The patent abstract shows that this invention relates to the field of intelligent robots, disclosing a method, device, equipment and storage medium for gait adjustment of robots. The method includes: acquiring target sampling points on the feet of a humanoid robot, as well as the coordinate values and terrain elevation data corresponding to each target sampling point; calculating the landing point report value of the humanoid robot based on the coordinate values and terrain elevation data corresponding to each target sampling point; acquiring the maximum value of terrain elevation data within a preset radius for each target sampling point, and calculating the step-kicking report value of the humanoid robot based on the coordinate values and the maximum value of terrain elevation data; and adjusting the gait of the humanoid robot based on the landing point report value and the step-kicking report value. This invention, by acquiring the coordinates of target sampling points and terrain elevation data, and calculating two types of report values—landing point and step-kicking—guides the humanoid robot to make precise gait adjustments, improving the robots autonomous movement adaptability and stability in complex terrains such as stairs.On March 13th, Apple announced adjustments to its App Store commission policy in mainland China. What are the benefits of this reduction in the "Apple tax"? Liu Xingliang, Dean of the DCCI Internet Research Institute, stated that in the short term, Chinese Apple users will hardly feel the difference. Apple is reducing the commission it charges developers, not directly lowering prices for users. However, developers are paying 5% less in the "Apple tax," and if they are willing to share this reduction, some memberships, game top-ups, and digital content may become cheaper in the future. Furthermore, in the long run, its good for the ecosystem. Lower commissions help alleviate tensions between developers and Apple, encouraging more apps and services to operate on the iPhone.March 13th - UK GDP grew 0% month-on-month in January, below the 0.2% increase predicted by economists in a Reuters poll and also lower than the 0.1% increase in December. The UK economy failed to grow in January, giving it a weak start to the year, even before the global energy shock triggered by the Middle East wars. In the third and fourth quarters of last year, the UK economy grew by only 0.1% each year, with businesses and households still grappling with high interest rates, the impact of the US trade war, and uncertainty surrounding potential tax increases in the November budget. The surge in oil and gas prices this month poses further risks to the UK economy. Shortly before the outbreak of the war, the Bank of England had predicted 0.3% growth in the first quarter. David Myers, chief economist at the Office for Budget Responsibility, warned this week that if energy prices remain at current levels, inflation could remain around 3% by the end of the year, rather than decline.March 13th Futures News: On March 13th, the Shanghai Futures Exchanges energy and chemical warehouse receipts and changes are as follows: 1. Pulp futures warehouse receipts: 172,232 tons, an increase of 8,834 tons compared to the previous trading day; 2. Pulp futures mill warehouse receipts: 17,000 tons, unchanged compared to the previous trading day; 3. Offset paper futures warehouse receipts: 0 tons, unchanged compared to the previous trading day; 4. Offset paper futures mill warehouse receipts: 4,160 tons, unchanged compared to the previous trading day; 5. Fuel oil futures warehouse receipts: 0 tons, unchanged compared to the previous trading day. The following figures were unchanged from the previous trading day: 6. Petroleum asphalt futures warehouse receipts totaled 33,160 tons, an increase of 8,520 tons compared to the previous trading day; 7. Petroleum asphalt futures factory warehouse receipts totaled 61,780 tons, unchanged from the previous trading day; 8. Medium-sulfur crude oil futures warehouse receipts totaled 3,511,000 barrels, unchanged from the previous trading day; 9. Low-sulfur fuel oil futures warehouse receipts totaled 25,620 tons, unchanged from the previous trading day; 10. Low-sulfur fuel oil futures factory warehouse receipts totaled 0 tons, unchanged from the previous trading day.March 13 - Algerian authorities, having found a glimmer of hope after the energy price surge triggered by the Russia-Ukraine conflict, are now pinning their hopes on a further rise in oil prices driven by the Iran war. The North African nation of 47 million people has long relied on one of Africas largest oil and gas reserves to pay for subsidies. Since being devastated by the 2014 oil price crash, the country has found it increasingly difficult to cover its budget deficit. Oil prices broke through $100 a barrel on March 9, and despite frequent fluctuations since then, prices have risen by more than 50% due to market concerns that the conflict will hinder Middle Eastern supplies. Independent economic and financial analyst Mahfoud Kaoubi stated that rising prices can only be good for the authorities; if oil prices surge further to the $120-$125 range, the OPEC member will be able to achieve budget balance. Currently, Algerias daily production is approximately 977,000 barrels.

On the back of broad-based USD strength, USD/CAD approaches the mid-1.3700s, approaching a two-week high

Alina Haynes

Nov 03, 2022 18:04

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On Thursday, the USD/CAD pair recovers from an early decline to the 1.3680 zone and enters positive territory for the sixth consecutive trading day. During the beginning of the European session, spot prices achieve a one-and-a-half-week high towards the middle of the 1,3700s and appear poised to extend the recent rally from levels below 1,3500.

 

The underlying bullish sentiment surrounding the US dollar, bolstered by the Federal Reserve's more hawkish stance, appears to be a key factor sustaining the USD/CAD exchange rate. For the fourth consecutive time, the US central bank increased interest rates by 75 basis points to combat persistently rising inflation. In addition, Jerome Powell, the chairman of the Federal Reserve, dashed expectations for a dovish reversal by suggesting that interest rates would need to rise more than anticipated.

 

A further increase in US Treasury bond yields increases the prospect of further Fed policy tightening and continues to act as a tailwind for the currency. In addition, a lessening of risk sentiment provides additional support for the safe-haven dollar. A modest decrease in crude oil prices from their three-week high is anticipated to weaken the Canadian dollar, which is related to commodities prices. This, in turn, increases the chance of a further USD/CAD rise in the near future.

 

Even from a technical standpoint, the overnight spike following the FOMC meeting has pushed spot prices over the barrier zone of 1.3670-1.3685. A subsequent strength and acceptance over the 1.3700 level reinforces the bullish bias and favors bullish traders, indicating that the path of least resistance for the USD/CAD pair is to the upside. In conjunction with US bond yields, the US ISM Services PMI will propel the US usd and add momentum to the primary currency.