• English
  • 简体中文
  • 繁體中文
  • Tiếng Việt
  • ไทย
  • Indonesia
Subscribe
Real-time News
Rosneft CEO Igor Sechin warned that if the Strait of Hormuz were closed, other global shipping lanes, such as the Bab el-Mandeb Strait and the Strait of Gibraltar, could also face disruption.Local authorities: A fire broke out at an oil and gas facility in Russia’s Krasnodar region caused by drone debris.On June 6th, Wu Qing, Chairman of the China Securities Regulatory Commission (CSRC), delivered a speech at the Fourth Member Representative Conference of the Asset Management Association of China. Wu Qing stated that in recent years, algorithmic trading has become an important trading method in major capital markets worldwide, including my country. Besides well-known quantitative private equity funds, foreign investors, public funds, other professional institutional investors, and even some individual investors have all adopted algorithmic trading to varying degrees. Taking into full account the national and market conditions where individual investors constitute the majority, a series of regulatory rules and regulations for algorithmic trading have been introduced, a trading reporting mechanism has been established, targeted monitoring and control have been strengthened, abnormal trading behavior has been strictly regulated, and efforts have been made to guide a reduction in trading frequency and speed, and strengthen the management of trading business units. Based on this, we will conduct in-depth research and continuously improve the regulatory mechanism for algorithmic trading, further emphasizing fairness and standardization, strengthening targeted supervision, effectively preventing the abuse of technological advantages, and resolutely cracking down on illegal and irregular activities such as market manipulation and disruption of market order.On June 6, Russian President Vladimir Putin stated at the plenary session of the 29th St. Petersburg International Economic Forum on June 5 that the Russian governments task is to strive for a return to steady economic growth starting next year, and one of the conditions for achieving this is to increase investment and launch a new investment cycle. Putin said that from 2021 to 2024, Russias actual investment increased by nearly 38%, but this figure declined last year. Launching a new investment cycle is a key task for the governments economic departments, and investment growth is an important indicator of their effectiveness. He also said that to achieve balanced economic growth, it is necessary to rely on domestic demand and maintain a continued decline in the inflation rate. Currently, Russian inflation has slowed significantly, and the inflation rate is expected to be close to 5.2% this year. Putin emphasized that a strong sovereign state cannot be isolated. Russia must both independently produce essential products and strengthen infrastructure construction, while also strengthening exchanges, cooperation, and promoting cross-border cooperation projects with foreign partners.On June 6, the Argentine Ministry of Health announced on June 5 that it would expand its investigation into the Hantavirus by sending an expert team to Mendoza Province in western Argentina. In a statement, the Ministry said that based on rodent behavior and epidemiological criteria, the expert team decided to expand the investigation to Mendoza Province. A team comprised of experts from the Carlos Malván Institute of the National Institute of Laboratories and Health of Argentina and the U.S. Centers for Disease Control and Prevention will conduct the investigation in Mendoza Province from June 8 to 12. The team will set traps to capture rodents such as the long-tailed dwarf rice rat, which are linked to the spread of Hantavirus. All samples will undergo preliminary processing in the on-site laboratory and then be temporarily stored at a local facility before being transported to the Malván Institute.

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