EUR/USD 1.16888
0.102%
Gold 4478.24
-0.986%
Oil 86.813
3.054%
USD/JPY 158.612
0.292%
GBP/USD 1.36344
0.214%
GBP/JPY 216.264
0.520%
Browse More
  • English
  • 简体中文
  • 繁體中文
  • Tiếng Việt
  • ไทย
  • Indonesia
Subscribe
Real-time News
Alibaba (09988.HK): The revenue generated by artificial intelligence applications and model services has exceeded RMB 16 billion.On August 20th, according to a source familiar with the matter, Meta Platforms (META.O) spends hundreds of millions of dollars annually accessing AI models through Microsofts Azure cloud service. Meta uses trillions of tokens weekly through the platform. Both companies declined to comment. A key pillar of Microsofts AI strategy is its marketplace called Foundry, which offers models from multiple vendors and had 100,000 customers as of July. Customers from traditional industries such as manufacturing and transportation frequently appear in Microsofts promotional materials. However, according to the source, its largest AI customers are currently mostly other technology companies. ByteDance, Adobe, Perplexity, and AI startup Sierra are also major Microsoft clients. The source revealed that Meta is investing heavily in AI to assist its software development, purchasing model access through multiple platforms based on availability and cost. Metas developers have used OpenAI technology through Foundry to help evaluate the output of their own models.European natural gas prices have reached €65 per megawatt-hour for the first time since March.According to Israeli reports, Ben Gurion Airport is expected to be closed for 6 hours.A spokesperson for the European Commission stated that there are no immediate concerns about the EUs gas supply, with current storage capacity at 62%.

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