• English
  • 简体中文
  • 繁體中文
  • Tiếng Việt
  • ไทย
  • Indonesia
Subscribe
Real-time News
Maersk: Maersk and Hapag-Lloyd announced structural adjustments to the following four Gemini routes: AE5, AE11, AE12 and ME2.ExxonMobil reported a flare fire at its refinery in Joliet, Illinois.ECB Governing Council member Kazmir: We remain open to the next decision, but will make a decisive decision when there is evidence that action is necessary.On September 14th, Cao Yuanyuan, Director of the Financial Markets Department of the Peoples Bank of China, stated at a State Council policy briefing that at its peak, there were over 200 electronic voucher service platforms across the market, with the outstanding balance of accounts receivable electronic vouchers reaching 3 trillion yuan, involving numerous core enterprises and upstream and downstream suppliers. After more than a year of standardization, as of the end of July, the total outstanding balance of accounts receivable vouchers in the market was 2.4 trillion yuan, a 20% decrease compared to before the standardization.On September 14, Foreign Ministry Spokesperson Guo Jia-kun held a regular press conference. A reporter asked: At the BRICS summit, the Indonesian president called on BRICS member states to promote joint industrialization, emphasizing that member states have become an important part of the global supply chain, and that strengthening industrial cooperation can help member states create greater added value. What is the Foreign Ministrys response? In response, Guo Jia-kun stated that over the years, BRICS countries have actively promoted industrialization cooperation, establishing platforms such as the New Industrial Revolution Partnership Innovation Base and the BRICS Industrial Capacity Center, achieving a series of practical results. China is willing to strengthen technological cooperation with BRICS countries, deepen industrial alignment, and carry out capacity-building projects to achieve higher-quality, more resilient, and more sustainable development.

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