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On September 8, Hamas issued a statement on the 7th, claiming that the Israeli government and military are attempting to cover up their crimes against Palestinians by clearing, crushing, and removing rubble from the Gaza Strip. The statement asserted that the rubble still contains the remains of thousands of missing persons, as well as direct physical evidence proving that Israel has committed genocide over the past two years.On September 8th, US President Trump stated on social media that Bombardier products would no longer be sold in the United States, claiming that the companys products were "not good enough" and that over 50% of its revenue came from the US, relying on American buyers, businesses, airports, and services. Trump accused Canada of restricting US banks and businesses from entering its market, stating that Canada even prevented Gulfstream Aerospace from operating there, calling this "unjust and unfair." Trump declared, "That era is over," and that if Bombardier wants to enter the US market, it must produce in the US and can no longer treat the US as an "ATM." He also urged people to "buy American," fly on American airlines, and consume American alcohol and beverages, reiterating "America First."On September 8th, Iran unveiled a new missile on the 7th local time. Iran stated that the debut of the ballistic missile, named "Qassem Bashir," is a milestone in the countrys defense strategy. This missile boasts a longer range and higher accuracy, symbolizing Irans shift "from passive deterrence to active deterrence." Iran claims that the "Qassem Bashir" missile uses solid fuel, electro-optical guidance, and a half-ton warhead, sending a clear message to adversaries: Iran is no longer merely reacting passively, but actively defending itself.Rosatom: Off-site power supply to the Zaporizhzhia nuclear power plant has been restored via the Ferosplavna transmission line.September 8th - According to sources, Deutsche Telekom, Orange, Vodafone, and Telefonica are in preliminary discussions to form an alliance to jointly bid for EU satellite spectrum and provide "satellite direct-connect mobile" services, competing with Elon Musks Starlink. No final decision has been made yet. The EU is considering new rules for 2GHz satellite spectrum. After existing licenses expire in 2027, approximately one-third of the spectrum will be reserved for domestic operators controlled by European companies to enhance Europes independent satellite communication capabilities; another third is intended for sovereign communication services provided by the European IRIS² satellite constellation; and the remaining third will be open to international companies for bidding. Starlink currently provides satellite broadband in most parts of Europe and collaborates with companies like Deutsche Telekom to develop direct-connect services, but it does not yet have the right to independently utilize relevant EU spectrum to provide such services.

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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