EUR/USD 1.15678
0.343%
Gold 4376.09
0.578%
Oil 81.485
1.319%
USD/JPY 159.356
-0.090%
GBP/USD 1.35343
0.362%
GBP/JPY 215.682
0.268%
Browse More
  • English
  • 简体中文
  • 繁體中文
  • Tiếng Việt
  • ไทย
  • Indonesia
Subscribe
Real-time News
August 16th - According to the State Council Information Office website, a press conference will be held at 3:00 PM on Monday, August 17th, 2026. Fu Linghui, spokesperson, chief economist, and director of the Department of National Economic Comprehensive Statistics of the National Bureau of Statistics, will introduce the national economic performance in July 2026 and answer questions from reporters.August 16th - A Financial Times poll shows that a majority of American voters believe their living conditions have worsened under Donald Trumps leadership, indicating growing public dissatisfaction with the presidents handling of the economy and the cost of living. With less than three months until the November midterm elections, a national poll conducted by Focaldata found that over 53% of registered voters said their finances have deteriorated since Trump returned to the White House in January 2025. Nearly 57% of independent voters and almost a quarter of self-identified Republicans also believe their situation has worsened under the current president. Furthermore, voters are more inclined to believe that Democrats are better positioned than Republicans to address inflation and the cost of living. Democrats also have a slight edge on jobs and the economy, areas long considered Republican strengths.August 16th - According to the U.S. Securities and Exchange Commission (SEC), H&H International Investment, managed by Duan Yongping, held approximately $19.1 billion in total market value at the end of the second quarter, a decrease from approximately $20 billion at the end of the first quarter. In the second quarter, H&H continued to increase its holdings in Pinduoduo, Berkshire Hathaway Class B shares, and Disney, established a new position in Alibaba, while significantly reducing its holdings in Nvidia, Google, and Microsoft, and completely liquidating its positions in TSMC and CrowdStrike.SpaceX: The team completed consecutive cross-coastal launches of Falcon 9 rockets from Florida and California.Israeli Defense Minister: We will not leave any unresolved issues on any battlefield, and we will do everything in our power to protect our soldiers and citizens.

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