• English
  • 简体中文
  • 繁體中文
  • Tiếng Việt
  • ไทย
  • Indonesia
Subscribe
Real-time News
DownDetector, a network monitoring website, reports that over 18,000 users have reported issues with Instagram and over 20,000 users have reported issues with Facebook in the United States.DownDetector, a website monitoring internet conditions, reports user complaints that Instagram and Facebook are experiencing issues in the UK.① Iran 1. Iranian state media: Irans western airspace is now open. 2. Iranian Deputy Foreign Minister discloses the technical consultation mechanism for the follow-up negotiations between Iran and the US. 3. Iranian Foreign Ministry Spokesperson Baghae: Irans missile program was never part of the negotiations. ② United States 1. White House Spokesperson: Iran will never possess nuclear weapons. 2. Both houses of the US Congress pass a war powers resolution, symbolically condemning Trump. 3. US Central Command: Two aircraft carriers remain on mission in the Middle East. 4. Trump says he will take necessary action if Iran does not comply with the agreement. 5. Trump: Iran has fully agreed to accept long-term nuclear inspections, which is a prerequisite for further negotiations. ③ Israel 1. Israeli National Security Minister threatens to turn Beirut into Gaza. 2. Israeli assets plummet, and years of war gains vanish with the expectation of peace talks. ④ Ceasefire Negotiations 1. Iranian President: The Iran-US memorandum of understanding does not involve missile issues. 2. Pakistani Prime Minister: The memorandum of understanding does not mention Irans ballistic missile capabilities. 3. Trump says IAEA inspectors will visit Iran in due course. An Iranian Foreign Ministry spokesperson stated earlier that there were no plans for inspectors to visit. ⑤ Strait of Hormuz 1. Iran and Oman established the Strait of Hormuz Commission. 2. Trump: 19 million barrels of oil were transported through the Strait of Hormuz on June 22. 3. Oman and Iran issued a joint statement: emphasizing territorial sovereignty and agreeing to jointly develop a navigation management agreement. 4. Iranian Ambassador to Geneva: The Strait of Hormuz is fully open to merchant ships, and a large amount of oil has been transported through the waterway recently. 5. Oman reiterated its commitment to ensuring free and safe passage through the Strait of Hormuz; stated it has coordinated with the International Maritime Organization to open a temporary channel in the Strait of Hormuz. 6. Iranian military sources stated that only a limited number of ships are allowed to pass through the Strait of Hormuz each day, with the specific number adjusted based on the daily situation. ⑥ Other Situations 1. Jordanian Foreign Minister: All illegal actions by Israel should be stopped immediately. 2. Hezbollah: Israels attacks in southern Lebanon violate the ceasefire agreement. 3. Lebanese President: No compromise will be accepted unless the "Israeli occupation of southern Lebanon" ends. Meta Platforms (META.O): (Regarding the US governments review of artificial intelligence) We hope to sign an agreement as soon as possible while we work out the details.Meta Platforms (META.O): Supports the governments goal of advancing U.S. leadership in a strong and secure frontier AI field.

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