EUR/USD 1.15248
-0.732%
Gold 4318.68
-3.497%
Oil 88.549
-2.697%
USD/JPY 160.177
0.098%
GBP/USD 1.33372
-0.643%
GBP/JPY 213.636
-0.547%
Browse More
  • English
  • 简体中文
  • 繁體中文
  • Tiếng Việt
  • ไทย
  • Indonesia
Subscribe
Real-time News
June 6th - On June 6th local time, more than ten members of the Iranian delegation participating in the 2026 USA-CMC World Cup, including administrative staff and Iranian Football Federation officials, failed to obtain US visas. The previous day, a White House official stated that all Iranian national team players had received visas.On June 6, 2026, local time, Vice President Han Zheng met with Belarusian Prime Minister Turchin in Minsk. Han Zheng stated that Belarus is Chinas all-weather comprehensive strategic partner. Chinas determination to develop relations and deepen cooperation with Belarus is unwavering, and it will, as always, support Belarus in safeguarding its sovereignty, security, and development interests. Both sides should take high-quality Belt and Road cooperation as a guide, better leverage mechanisms such as the China-Belarus Intergovernmental Cooperation Committee, solidly advance key cooperation projects such as the China-Belarus Industrial Park, and continuously create new highlights in cooperation. China supports Belarus in playing a greater role in international affairs and is willing to closely coordinate and cooperate with Belarus in multilateral mechanisms and international organizations to jointly practice genuine multilateralism, safeguard the common interests of the global South, and inject valuable certainty into a turbulent world.Air New Zealand CEO: Plans to purchase Singapore Airlines fuel at around US$150 per barrel in fiscal year 2027.According to RIA Novosti, a fire at an oil refinery in Russias Tumen region has been extinguished.On June 6, the Ministry of Transport organized a special maritime traffic enforcement operation in the waters east of Taiwan Island, involving the Fujian Maritime Safety Administration, Guangdong Maritime Safety Administration, East China Sea Navigation Safety Center, and East China Sea Rescue Bureau. This operation aimed to fully exercise my countrys maritime administrative law enforcement jurisdiction, enhance deep-sea patrol and enforcement capabilities and traffic control in key waters, ensure maritime traffic safety, and safeguard national interests. This action was a necessary response to Japan and the Philippines unilateral announcement of initiating "maritime boundary delimitation negotiations" east of Taiwan Island, which seriously infringed upon Chinas territorial sovereignty and maritime rights.

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