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On August 22, a Ukrainian drone struck an Ozon logistics hub in Chapayevsk, Samara Oblast, causing a fire that engulfed the approximately 135,000-square-meter facility. Ozon confirmed the attack and suspended operations indefinitely, removing affected products from its platform. That same night, a drone also struck a nearby oil refinery in Novokuibyshevsk. This marks the first successful attack on the Ozon network by Ukraine in weeks after attacks on rival Wildberries warehouses. Ukrainian authorities have characterized both e-commerce platforms as dual-use logistics systems supporting the Russian military.Iranian Parliament Speaker Ghalibaf: Iran has received information from neighboring countries regarding the establishment of "new security arrangements and economic cooperation".On August 22nd, it was reported that long-term government bond yields in major global economies have continued to rise recently, increasing selling pressure in the bond market. However, Chinas bond market and exchange rate have remained relatively stable, with Panda bond issuance reaching a record high for the same period. Data shows that as of August 21st, the cumulative issuance of Panda bonds in 2026 reached 209.975 billion yuan, an increase of over 73% year-on-year. Against the backdrop of sharp fluctuations in the global bond market, the increased investment by international institutions in domestic RMB financing has attracted attention. Industry insiders explained, "We and overseas markets are in completely different economic and monetary cycles. Foreign capital accounts for only about 5%-8% of my countrys bond market, while domestic capital holds absolute pricing power. Coupled with our monetary policy adhering to a self-reliant approach, overseas shocks cannot reverse the overall trend of the domestic bond market." Looking ahead, industry insiders believe that overseas bond yields are likely to remain highly volatile, highlighting the investment value of RMB bonds, and potentially leading to continued foreign investment in the medium to long term. However, it should be noted that rising US Treasury yields have raised the return threshold for global investment funds, which may disrupt the willingness of overseas institutions to increase their holdings of RMB bonds. In addition, the rapid rise in bond yields in developed countries overseas may also constrain the valuation of domestic risky assets.On August 22, the U.S. Department of Defense dismissed Eric Slavin, editor-in-chief of the military newspaper Stars and Stripes, publisher Max Laidler, and senior Middle East correspondent Lara Cortt on August 21 for "insubordination." This followed the newspapers recent report on poor working conditions and sailors mental breakdowns aboard the USS Abraham Lincoln aircraft carrier, sparking renewed criticism within the U.S. regarding the Trump administrations inability to end the conflict with Iran. Slavin stated in an interview on August 21 that he was dismissed for "insubordination." He had previously discussed his disagreements with the Department of Defense in an interview. Cortt wrote on the social media platform X on the same day: "Today, I was informed that the Department of Defense has dismissed me for insubordination."According to Irans Tasnim News Agency, Iranian officials have called on Qatar to transfer the detained Iranian pilot to a land-based hospital. Iranian officials stated that the detained pilot is currently on the water and is in "very poor" condition.

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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