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On July 22, the General Office of the Hainan Provincial Peoples Government recently issued the "Hainan Provinces 15th Five-Year Plan for Service Industry Development," which proposes to solidly advance the comprehensive pilot program for expanding the opening-up of the service industry. The plan includes: improving the data transaction and security system in the telecommunications service sector; relaxing restrictions on institutional cooperation and import restrictions on rare disease drugs in the medical and health care sector; deepening the Qualified Foreign Limited Partner (QFLP) pilot program in the financial sector and developing green finance and offshore trade; optimizing cross-border e-commerce and international consumption facilities in the commerce, trade, culture, and tourism sector; opening up green channels for cross-border freight and exploring new multimodal transport models in the transportation sector; promoting the deep integration of manufacturing and service industries and cultivating emerging industrial chains such as commercial aerospace and intelligent connected vehicles; optimizing foreign exchange management for foreign investment, simplifying port procedures, and relaxing restrictions on the practice and residence of foreign talent; improving industry standards in key areas such as data and transportation, and promoting mutual recognition and alignment of international standards.July 22 - According to the Zhejiang Provincial Bureau of Statistics, based on the unified accounting results for regional GDP, the provinces GDP in the first half of the year reached 4,793.7 billion yuan, a year-on-year increase of 5.7% at constant prices. By industry, the added value of the primary industry was 112.9 billion yuan, an increase of 4.4%; the added value of the secondary industry was 1,813 billion yuan, an increase of 6.2%; and the added value of the tertiary industry was 2,867.8 billion yuan, an increase of 5.5%.On July 22, the General Office of the Hainan Provincial Peoples Government recently issued the "Hainan Provinces 15th Five-Year Plan for Service Industry Development," which proposes to develop commercial aerospace technology services. Relying on the international satellite data trading service platform, the second phase of the intelligent launch service system for commercial aerospace launch sites, the third-party intelligent testing service center for low-orbit satellites, and the remote sensing and mapping application service capability enhancement project, the plan aims to promote the extension of commercial aerospace from hardware manufacturing to high-value-added operational services, thereby enhancing Hainans service capabilities in the international aerospace and telemetry support fields.On July 22, Sun Meijun, Director of the General Administration of Customs, stated at a press conference held by the State Council Information Office that during the 15th Five-Year Plan period, the customs will promote greater coordination between imports and exports, sign more trade cooperation documents, expand the import and source countries of advanced technology and equipment, key components, energy resources, and high-quality agricultural products, facilitate the export of high-quality goods from around the world to China, share the opportunities of Chinas large market, and provide Chinese consumers with more diversified choices.July 22 – According to the Jiangsu Provincial Bureau of Statistics, based on the unified accounting results for regional GDP, Jiangsu Province achieved a GDP of 7,038.73 billion yuan in the first half of the year, a year-on-year increase of 5.2% at constant prices. Specifically, the added value of the primary industry was 193.07 billion yuan, a year-on-year increase of 3.4%; the added value of the secondary industry was 2,952.06 billion yuan, an increase of 4.9%; and the added value of the tertiary industry was 3,893.59 billion yuan, an increase of 5.5%.

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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