• English
  • 简体中文
  • 繁體中文
  • Tiếng Việt
  • ไทย
  • Indonesia
Subscribe
Real-time News
Mobility Sweden, a Swedish mobility data company, reported that Teslas new registrations in Sweden increased by 71% year-on-year in May.On June 1st, during GTC, NVIDIA officially launched the NVIDIA RTX Spark super chip, targeting Windows PCs in the era of personal AI agents. This chip brings high-performance AI computing, graphics processing, and local agent capabilities to thin and light laptops and small desktops. NVIDIA revealed that starting this fall, Lenovo, Dell, HP, Microsoft, and other manufacturers will successively launch thin and light Windows laptops and small desktops equipped with RTX Spark. Lenovo Chairman and CEO Yang Yuanqing stated that RTX Spark represents a significant leap forward in AI-native computing. Leveraging Lenovos capabilities in engineering design, global scale, and AI device portfolio, the two companies will jointly bring a new generation of AI PC experiences to creators, gamers, and AI developers.On June 1st, officials from the Ministry of Justice, the National Development and Reform Commission, and the Ministry of Commerce answered reporters questions regarding the "Regulations." The "Regulations" clarify that the state will improve the comprehensive overseas service system, promote trade and investment integration, and improve institutional measures from multiple dimensions to provide strong legal guarantees for enterprises going global to participate in international cooperation and competition: First, improve public platforms and services, coordinating service resources in foreign affairs, law, finance and taxation, finance, trade and economy, logistics, entry and exit, customs, and trade promotion to provide service guarantees for investors; provincial-level and above peoples governments and their relevant departments should improve their public service capabilities and levels. Second, support professional service institutions such as consulting and evaluation, legal services, accounting and auditing, credit rating, mediation and arbitration, and intellectual property to improve their international service capabilities and levels, and provide high-quality professional services. Third, banking financial institutions should provide financing and other financial services based on their functional positioning, and policy-oriented insurance institutions are encouraged to provide overseas investment insurance and other services.According to the Ministry of Agriculture and Rural Affairs, the "Agricultural Product Wholesale Price 200 Index" was 113.07 on June 1st, down 0.13 points from last Friday; the "Vegetable Basket" product wholesale price index was 113.10, down 0.15 points from last Friday. As of 2:00 PM today, the national average wholesale price of pork was 14.77 yuan/kg, down 0.6% from last Friday; beef was 66.68 yuan/kg, up 0.1% from last Friday; mutton was 63.94 yuan/kg, down 0.2% from last Friday; eggs were 10.24 yuan/kg, up 4.1% from last Friday; and dressed chicken was 17.09 yuan/kg, up 1.2% from last Friday.Bank of France Governor Villeroy: In most scenarios, economic growth is expected to remain positive.

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

 image.png