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September 13th - According to the Wall Street Journal, Canadian Prime Minister Mark Carney is pushing for a bold proposal: to make Canada an "associate member" of the European Union, in order to deepen economic and security ties with Europe and reduce dependence on the United States. The EU is open to the idea, while US officials have expressed skepticism. Canada and the United States are embroiled in the worst bilateral trade war in modern history. The Trump administrations threat to make Canada the USs "51st state" has prompted Carney to accelerate Canadas "pivot to Europe." Carney has privately communicated with key European leaders, including those from France, Italy, Germany, and the Nordic countries, to explore ways to allow Canada to integrate more deeply into the EU. According to sources, Carney has instructed his special envoy to Europe to explore the most ambitious possibilities without making Canada a full member of the EU or its common market. Technical working groups are still outlining the details, and Carney has told aides that this would be a repositioning of an economy and society that has been dominated by the United States for half a century.On September 13th, it was reported that the National Healthcare Security Administration established a credit evaluation system for pharmaceutical pricing and procurement in August 2020 to guide pharmaceutical companies to operate with integrity and compliance, and to create a fair and just business environment for the pharmaceutical industry. Analysis of commercial bribery cases in the pharmaceutical procurement and sales sector over the past three years revealed that some medical institutions have lax internal education and management, with their staff accepting commercial bribes from dishonest companies on a frequent, large-scale, and prolonged basis. Following the public exposure of a Shanghai-based science and technology trading companys involvement in stent and balloon bribery at the Second Affiliated Hospital of Hebei Medical University, which allegedly received a 5,000 yuan kickback per stent, the hospital was involved in nine more judicial and criminal judgments in the second half of 2025 alone. Staff members of this hospital accepted commercial bribes 46 times, with the largest single bribe amounting to 16.58 million yuan, lasting for up to 11 years, and totaling 184 million yuan.Artificial Intelligence: 1. Altman: OpenAI will not go public this year; a lot of security work still needs to be done. 2. OpenAI Codex Product Manager: Several quality issues in Astra have been discovered and fixed. 3. ECB President Lagarde: A correction in the AI sector is entirely possible, but when it will happen is unclear. 4. Anthropic CEO calls for slowing down the pace of improving AI model capabilities to ensure their security. OpenAI founders Altman and Musk subsequently made similar statements. New Energy Vehicles: 1. Cui Dongshu of the China Passenger Car Association: The current downturn in the passenger car market is a phase of structural fluctuation. 2. Tesla announces it will showcase its next-generation Roadster electric supercar on October 1st; speculation about a SpaceX merger intensifies. Other: 1. 2025 World-Class Scientific Journals Directory Released. 2. Joint construction of the Yangtze River Delta Scientific Data Sharing Service Platform launched. 3. Xiongan International Computing Power Integrated Dispatch Center launched. 4. Report: China ranks second in global space infrastructure assessment. 5. Major Project of the National Natural Science Foundation of China Yangtze River Delta Basic Research Joint Fund launched. 6. The Dark Side of the Moon: Information circulating online regarding the founder and employees is malicious fabrication; a police report has been filed. 7. Oracle co-founder Larry Ellison has cancelled plans to sell up to $7.5 billion worth of Oracle shares. 8. SpaceXs weighting in the Nasdaq 100 index will increase after the index adjustment, expected to rise from approximately 1.28% to approximately 2.82%.September 13th - Due to the conflict between the United States and Iran disrupting global fuel supplies, U.S. diesel prices hit a record high on September 4th, surging to an average of $5.85 per gallon for the first time. Prices subsequently rose further, with the American Automobile Association stating that as of September 11th, the national average diesel price reached $6.05 per gallon, setting another record high. Paul Mitchell, professor of agricultural and applied economics at the University of Wisconsin-Madison, stated that high diesel costs are severely squeezing farmers profit margins, affecting every stage from harvesting to final transportation. Mitchell said, "The prices are unbearable. The cost pressure isnt just in the harvesting stage, but also in all transportation expenses: getting grain or silage from the field to the farm, and then from the farm to the sales point—someone has to bear that transportation cost. And rising diesel prices push up all of those costs."Conflict Situation: 1. Russia stated that its forces destroyed 172 Ukrainian drone control stations in the past day. 2. Ukrainian President Zelensky: On Saturday, Russian attacks on 10 regions of Ukraine resulted in 3 deaths and dozens of injuries. 3. Russian Ministry of Defense: Russian forces struck facilities in Odessa Oblast that support the transport of large quantities of weapons and ammunition from abroad to Ukraine, hit two cargo ships in the port of Chernomorsk, and also attacked a metallurgical plant in the Zaporizhzhia region. Peace Talks: 1. Ukrainian officials: Ukraine is preparing for a new round of trilateral talks between Ukraine, the US, and Russia in October. 2. Peskov: It is still uncertain whether Russian President Putin will attend the G20 summit. Other Situations: 1. According to the UAE News Agency: The UAE Crown Prince met with the Russian President, emphasizing the need to continue coordinating the summits outcomes and translating them into practical measures that benefit all parties. 2. According to Interfax: Rosatom stated that it plans to increase the number of experts at Irans Bushehr nuclear power plant to 150 in the near future. 3. Ukraines Minister of Economy: Approximately $40 billion in export revenue is at risk due to port blockades. The economic costs of the damage and blockades to Ukrainian seaports are expected to account for about 1.5 percentage points of GDP this year.

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

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