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Futures News, April 9th: 1. Heavy rainfall and severe convective weather are expected in southern Jianghuai and northern Jiangnan regions. From April 9th to 10th, moderate to heavy rain is expected in parts of southern Jianghuai and northern Jiangnan, with localized torrential rain or extremely heavy rain, accompanied by short-term heavy rainfall, thunderstorms, strong winds, or hail. ② The Central Meteorological Observatory continued to issue a blue rainstorm warning and a yellow convective weather warning at 06:00 on April 9th. It is expected that from 08:00 on April 9th to 08:00 on April 10th, heavy rain is expected in parts of southern Anhui, southern Jiangsu, southeastern Hubei, northeastern Hunan, northern Jiangxi, and northern Zhejiang, with torrential rain in parts of southern Anhui, northern Jiangxi, and northern Zhejiang, and localized extremely heavy rain (100-110 mm). These areas will also experience short-term heavy rainfall (maximum hourly rainfall of 20-40 mm, locally exceeding 50 mm). 1. Thunderstorms with winds of level 8 or higher, or hail, are expected in parts of eastern Jianghan Plain and northern Jiangnan region. Parts of southeastern Hubei, northern Jiangxi, and northeastern Hunan will experience thunderstorms with winds of level 10 or higher, with maximum wind speeds reaching level 11 or higher. The possibility of tornadoes cannot be ruled out in some areas. 2. Heavy rainfall occurred in Argentina and Brazil. Yesterday, moderate to heavy rain occurred in eastern Argentina, southern Brazil, Uruguay, southern Paraguay, the southeastern coast of the United States, northern Palestine, Indonesia, and Malaysia, with some areas experiencing torrential rain or extremely heavy rain. In addition, moderate to heavy snow or sleet occurred in southern Canada, the Great Lakes region, the Labrador Peninsula, Iceland, Norway, Finland, central Russia, and northern Inner Mongolia, with some areas experiencing blizzards or extremely heavy snow. 3. Blizzards occurred in central and southern Russia and the Far East. Over the next three days, affected by a cold vortex, moderate to heavy snow or sleet is expected in parts of southern Central Siberia, the Far East, northern Mongolia, Kyrgyzstan, Tajikistan, and high-altitude areas of central Afghanistan, with some areas experiencing heavy to blizzard conditions and localized blizzards.On April 9th, US President Trump stated on social media, "NATO wasnt there when we needed them, and they wont be there if we need them again. Remember Greenland, that poorly managed ice sheet." This followed a meeting between President Trump and NATO Secretary General Rutte, who spent over 90 minutes at the White House. Rutte later stated that he had a very frank and open discussion with President Trump, describing it as a discussion between two good friends, and expressed great admiration for Trumps leadership.April 9th - Singaporean government agencies will implement measures to reduce electricity consumption and enhance energy resilience due to global energy supply shortages caused by the Middle East conflict. The National Environment Agency stated in a statement on Wednesday that immediate measures include setting air conditioning temperatures to 25 degrees Celsius or higher, controlling the operating hours of air conditioners, lighting, and elevators, and unplugging or turning off non-essential equipment when not in use. Singapore had previously warned that fuel prices are expected to remain high for the foreseeable future due to widespread disruptions to Middle Eastern oil and gas production and transportation, leading to higher electricity bills in the coming months.Venezuelan Acting President Rodriguez: The urgent task is to raise workers wages through the development of oil and mining.April 9th - US President Trumps Iran peace plan is facing resistance from a key group: the oil industry. An industry consultant stated that oil company executives are contacting the White House, Secretary of State Rubio, and Vice President Vance to protest allowing Iran to collect tolls on passage through the Strait of Hormuz as a condition for peace negotiations. When asked if the executives had contacted the White House to protest the toll policy, the consultant replied, "Of course! We never needed to do that before—and I think weve already won the war. Whenever you have access to government, you ask, What are you thinking?"

Price Analysis of the US Dollar Index: DXY Retreats from 104.00, Rising Wedge Anticipated

Alina Haynes

May 12, 2022 10:27

During Thursday's Asian session, the US Dollar Index (DXY) fails to continue the previous two days' upward momentum, trading on the defensive around 103.95.

 

In doing so, the dollar index remains near the 20-year high reached earlier in the week, but for the first time in three days, the daily decline is recorded.

 

In addition to highlighting a 12-day-old rising wedge bearish pattern surrounding the multi-day top, the DXY's most recent decline also reveals a multi-day top-adjacent rising wedge formation. The slow RSI also highlights the significance of the chart pattern.

 

However, a decisive breach below 102.90 is required to validate the potential decline to 101.30.

 

During the fall, the 100-SMA and monthly low between 102.65 and 102.35 will serve as intermediate stops.

 

Until the quote continues below the indicated wedge's resistance line, approximately 104.30 as of press time, a recovery appears elusive.

 

After that, a slow climb to the September 2002 high of 109.80 cannot be ruled out.

Four-hour DXY chart

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