• English
  • 简体中文
  • 繁體中文
  • Tiếng Việt
  • ไทย
  • Indonesia
Subscribe
Real-time News
Sources say that as of February 8, production at the Tengiz oil field in Kazakhstan, which is dominated by Chevron (CVX.N), has recovered to about 60% of its peak production (about 550,000 barrels per day).Futures Market Summary | Monday, February 9th, CCTV News Highlights: 1. Creating and sharing a better life paints a picture of happiness and peoples livelihood. 2. Li Qiang signed a State Council decree promulgating the revised "Regulations of the Peoples Republic of China on Nature Reserves". 3. With the Spring Festival approaching, the festive atmosphere is strong across the country. 4. Spring Festival travel rush continues to grow, with key areas increasing nighttime transportation capacity. 5. Liu Yanying: Taking a steady path to rural revitalization and increasing income. 6. Sales of old cars traded in for new ones will exceed 50 billion yuan by 2026. 7. Soaring in the blue sky of the motherland, protecting the lights of thousands of homes. 8. The goal of "achieving results in five years" for the revitalization of the seed industry has been successfully completed. 9. Foreign-invested enterprises increase investment in China at the beginning of the year. 10. Several young Chinese athletes make their Winter Olympics debut. 11. The turnover of the national futures trading market in January increased by 105.14% year-on-year. 12. The Office of the National Disaster Prevention, Reduction and Relief Commission deployed natural disaster risk prevention and control work in February. 13. Central state-owned enterprises Spring Festival consumption assistance campaign has exceeded 800 million yuan in procurement. 14. The number of first-instance criminal cases related to environmental resources continues to decline. 15. Several new regulations have been introduced to strengthen the safety supervision of road transportation of liquid food. 16. The 2026 Spring Festival film lineup was released in Beijing. 17. More than 1,500 suspects involved in telecom fraud in Myawaddy, Myanmar, have been extradited back to China. 18. The Iranian president stated that Iran will not tolerate threats of force; the Iranian military stated that it is fully prepared to retaliate against any act of aggression. 19. Russia claims to have controlled more settlements in Koh Samui and other areas; Ukraine claims to have attacked a Russian drone control center; Russia claims the suspect in the attack on a Russian general admitted to being directed by Ukraine; Ukraine denies involvement in the attack. 20. Palestine condemns Israels escalation of its annexation of the West Bank. 21. Protests continue in many parts of the US against federal immigration enforcement actions. 22. Severe weather continues, with floods spreading in Spain and Portugal. 23. Shootings have occurred in multiple locations in the US, resulting in casualties.Novo Nordisk (NVO.N) announced the launch of a share buyback program with a maximum repurchase amount of 15 billion Danish kroner.The U.S. Department of Defense stated that the vessel violated quarantine regulations in the Caribbean Sea.DA Davidson upgrades Oracle (ORCL.N) from neutral to buy.

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