EUR/USD 1.18540
-0.008%
Gold 4868.55
-0.194%
Oil 62.123
-0.109%
USD/JPY 153.268
-0.012%
GBP/USD 1.35677
0.006%
GBP/JPY 207.964
0.006%
Browse More
  • English
  • 简体中文
  • 繁體中文
  • Tiếng Việt
  • ไทย
  • Indonesia
Subscribe
Real-time News
Japans Reuters Tankan Manufacturing Sentiment Index for February was 13, down from 7 in the previous month.February 18th - Google CEO Sundar Pichai announced on Tuesday that the annual Google I/O developer conference will be held from May 19th to 20th. The conference will take place at the companys headquarters in Mountain View, California, and will be streamed live on the conference website. Google is expected to announce updates to the Gemini large-scale model and other artificial intelligence products at the conference, and is expected to officially launch its smart glasses product.February 18th - A 13F filing revealed that Berkshire Hathaway reduced its holdings in Bank of America and Apple, while increasing its stake in The New York Times in the final quarter of Warren Buffetts CEO tenure. In the fourth quarter of last year, the company reduced its holdings in Bank of America by approximately 50.8 million shares and Apple by 10.3 million shares, marking the third consecutive quarter of reducing its Apple holdings. Simultaneously, the company purchased 5.1 million shares of The New York Times, whose stock price rose by approximately 2% in after-hours trading. As of September last year, American Express, Apple, Bank of America, Coca-Cola, and Chevron were Berkshire Hathaways largest holdings.February 18th - According to a 13F filing submitted by Nvidia to the U.S. Securities and Exchange Commission after the market closed on February 17th (Eastern Time), Nvidia will liquidate its holdings in Applied Digital, Arm Holdings, and WeRide in the fourth quarter of 2025, while acquiring new shares in Intel, Synopsys, and Nokia.February 18th - A 13F report shows that Hillhouse Capital HHLR Advisors Ltd. increased its holdings in Alibaba, Pinduoduo, iShares Bitcoin, and TSMC in the fourth quarter, sold off its entire stake in Baidu, and reduced its holdings in NetEase, Bright Scholastic, Futu Holdings, Full Truck Alliance, and Webull, among others; its major holdings include Pinduoduo, Alibaba, and Futu Holdings.

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

Suggestion