• English
  • 简体中文
  • 繁體中文
  • Tiếng Việt
  • ไทย
  • Indonesia
Subscribe
Real-time News
August 18th - U.S. investment-grade bond issuance hit a record high for the third consecutive month, continuing the fastest issuance pace in the history of the bond market. Heavy corporate investment in artificial intelligence infrastructure is driving increasing demand for corporate borrowing. Statistics show that as of Monday, U.S. investment-grade bond issuance reached $145.2 billion in August, surpassing the previous record of $136 billion set in August 2020. Earlier this year, January, June, and July all set their own monthly issuance records, and three other months saw the second-highest issuance volumes on record. Data shows that this months issuance was primarily driven by Alphabets (GOOG.O) $25 billion bond issuance. This is the eighth deal this year to reach or exceed $25 billion, and all eight deals have involved technology companies.Jared Kushner, Trumps son-in-law: If Iran is willing to fulfill the agreement previously discussed with the US and give up its ability to manufacture nuclear weapons, then the US is obviously willing to make a deal; but at present, Iran has not shown any willingness to take measures that are in the USs interest.According to The Times, U.S. Trade Representative Greer said Trump’s threat to impose 100% tariffs on the UK was “not a bluff.”Hang Seng Index futures closed down 0.27% at 25,355 points in overnight trading, a discount of 98 points.U.S. Energy Secretary Wright: The U.S. Strategic Petroleum Reserve still has 300 million barrels, and the reserve will be higher than before the conflict ends.

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