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French Foreign Minister: I think its impossible to talk about who the winner is in the current war, as there is already a ceasefire.German industrial output unexpectedly declined in February, the Federal Statistical Office said on Thursday, with the energy price shock from the Middle East conflict expected to further dampen output. Industrial output fell 0.3% month-on-month in February, compared with a revised flat figure for January, while the market had generally expected a 0.5% increase. The decline in February was mainly dragged down by the construction sector, as well as by the electronics and optical products and pharmaceutical industries. In contrast, the Federal Statistical Office said that automobile production rebounded after a sharp drop in January.On April 9th, it was reported that in response to the problems of false advertising, exaggeration, using efficacy claims as proof, and promoting cure rates and effectiveness in medical advertisements on radio and television, which harmed the rights and interests of the people, the State Administration of Radio and Television launched a nationwide centralized rectification campaign in August 2025. Working with provincial-level radio and television administrative departments, a special work plan was formulated, and measures such as handling complaints, monitoring and investigation, analysis and identification, and urging rectification were adopted to increase the intensity of handling and strengthen collaborative governance, ensuring that illegal advertisements are promptly detected, accurately identified, and effectively dealt with. As of the end of March this year, all false medical advertisements have been completely removed from television channels nationwide.Germanys seasonally adjusted industrial production fell 0.3% month-on-month in February, compared with a forecast of 0.7% and a previous reading of -0.50%.Germanys seasonally adjusted exports rose 3.6% month-on-month in February, below the expected 1.00% and the previous figure revised from -2.30% to -1.50%.

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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