• English
  • 简体中文
  • 繁體中文
  • Tiếng Việt
  • ไทย
  • Indonesia
Subscribe
Real-time News
On June 13, local time, an alarm at the Tokyo Electric Power Companys Fukushima Daiichi Nuclear Power Plant, used to indicate an anomaly in the transfer of contaminated water, was triggered, automatically halting the discharge of contaminated water into the sea. It is reported that there were no abnormalities in the equipment. TEPCO is currently investigating the cause of the alarm. A similar situation occurred at the Fukushima Daiichi plant on June 10.The Russian Ministry of Defense reported that Russian troops liberated 172 buildings in Konstantinovka, the "Donetsk Peoples Republic," while Ukrainian troops suffered 40 casualties.On June 13, the Islamic Republic of Iran Broadcasting reported that Iranian officials announced the funeral arrangements for the late Supreme Leader Ayatollah Khamenei.June 13th - According to the Financial Times, US investment groups are seizing the opportunity presented by Trumps ouster of Maduro to aggressively acquire Venezuelas underutilized oil fields. Miami-based Lionheart Capital has taken the lead, signing a letter of intent to merge its listed shell company, Lionheart Holdings, with Keo Energy, which owns oil field assets in Venezuela. Sources say the merger would create the first Venezuelan oil company listed on Nasdaq, providing direct investment access for US and institutional investors. The report states that Lionheart plans to list the oil company at a valuation of approximately $1 billion through the merger; its shell company, Lionheart Holdings, raised $230 million in 2024. Sources indicate that negotiations are still in the early stages and have not yet been finalized, and may fall through. Lionheart Holdings plans to hold a shareholder vote next week to gain more time to find acquisition targets, otherwise it may face liquidation.Polish Prime Minister Donald Tusk announced on Saturday that Poland will end its fuel price cap this summer, citing expectations of a de-escalation of the conflict involving Iran and price stabilization. In March, the Polish government announced a reduction in the fuel value-added tax (VAT) from 23% to 8%, lowered the excise tax to the lowest level in the EU, and began daily price caps on motor vehicle fuels. These measures have been extended every two weeks since their implementation. This Friday, Poland decided to extend the VAT exemption and price cap on gasoline and diesel until the end of June, but did not extend the excise tax exemption. Tusk stated, "Throughout the crisis, our fuel prices have been the cheapest in Europe, but we will end this measure this summer."

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