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On January 24th, the "Several Measures of Beijing Municipality on Promoting the Development and Utilization of Commercial Satellite Remote Sensing Data Resources (2026-2030)" proposed to strengthen and optimize diversified business entities. It encourages internet companies and geographic information companies to develop value-added services based on commercial satellite data, cultivating "satellite data + industry" integrated business entities. It encourages capable companies to conduct mergers and acquisitions of upstream and downstream satellite data companies, integrating and improving the ground station network and data application service industry chain, creating globally competitive leading companies in the chain. It strengthens the cultivation of specialized, refined, and innovative tiers of commercial satellite companies, providing additional deductions for R&D expenses for companies in subdivided fields that meet policy requirements, such as remote sensing data artificial intelligence processing, space-based computing power (network), and innovative application platform R&D.On January 24th, according to a report on the Lianhe Zaobao website in Singapore, Nvidia founder Jensen Huang visited China again, with his first stop being Nvidias new office in Shanghai. This is Huangs first trip to China in 2026. According to media reports citing multiple sources, Huang visited Nvidias new Shanghai office, met with employees, answered many questions, and reviewed the companys key events for 2025. Sources said Huangs itinerary in China is largely consistent with early 2025, mainly involving attending New Years parties and supplier appreciation events at the Shanghai, Beijing, and Shenzhen branches. Bloomberg previously cited unnamed sources who reported that Huang would travel to China before the Lunar New Year holiday to participate in company activities, and was expected to visit Beijing as well.On January 24th, it was reported that a plenary meeting of the National Film Development Special Fund Management Committee was held in Beijing on January 23rd. The meeting emphasized that film is a spiritual and cultural product, and also a leading sector of the cultural industry, playing a vital role in promoting social and economic development, particularly consumption upgrading. It stressed the need to actively implement the requirements of the in-depth implementation of the special action to boost consumption, summarize the experience of the film economy in promoting consumption in recent years, and, under the guidance of the Ministry of Finance and the National Film Administration, carefully organize the pilot work of using the film special fund to support and promote film consumption. It also emphasized the need to strongly support provincial and municipal party committees and governments, as well as film authorities at all levels, to enrich the forms and expand the content of film-related consumption promotion activities according to local conditions, thereby improving the quality and efficiency of these activities and better stimulating film consumption and promoting market prosperity. The meeting pointed out that with the Spring Festival approaching, the focus should be on the Spring Festival film season, with a results-oriented approach, supporting various regions in carrying out diverse "film+" activities to revitalize the film economy and promote a booming holiday consumption.On January 24th, according to Dongan Power, Gu Jie, Vice President of XPeng Motors, led a core team to visit Dongan Power. Zhao Xingtian, Deputy General Manager of Dongan Power, along with heads of R&D, marketing, quality, and sales departments, accompanied them during the meeting. The two sides engaged in in-depth exchanges and reached a consensus on core issues such as the advancement of mass production projects and the development of next-generation engine technology.January 24th - Public discontent in Denmark over the USs demand for Greenland is spreading to supermarket shelves, and a mobile app that "helps" Danish consumers identify the country of origin of goods so they can refuse American products has recently become very popular in the country. Reportedly, an app called UdenUSA (meaning "No America") is gaining widespread popularity in Denmark. The app was developed by 21-year-old Dane Jonas Piper and his friend Malte Hensbel. Piper stated that many consumers want to avoid buying American-made food, but often find it difficult to identify the country of origin in supermarkets. The UdenUSA app addresses this need by indicating the country of origin for each product.

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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