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On June 15th, Baidus DuMate platform completed a core engine upgrade. Through continuous optimization of the Harness engine and multiple engineering aspects, the token consumption during task execution was reduced by 75%, and the corresponding user points consumption was also reduced by 75%, while ensuring that the agents intelligent capabilities and task execution performance were not affected. This is the first time that a significant reduction in task consumption has been achieved in a general-purpose intelligent agent product in China through the Harness engine and engineering optimization.Futures News, June 15th - According to foreign media reports, Malaysian palm oil futures fluctuated downwards on Monday, dragged down by weakness in related edible oil markets in Dalian and Chicago, as well as a drop in crude oil prices. Oil prices fell to their lowest level since March on Monday. This followed statements from US President Trump and the Iranian Deputy Foreign Minister that the two sides had reached a preliminary agreement to end the war and were prepared to resume navigation in the Strait of Hormuz. Weak crude oil futures reduced the attractiveness of palm oil as a feedstock for biodiesel. Asian stock markets generally surged on Monday, the US dollar weakened, and oil prices fell sharply, as the preliminary peace agreement between the US and Iran signaled an easing of global inflationary pressures and reduced the need for further interest rate hikes.On June 15th, Futures News reported that the National Development and Reform Commission and other departments issued a notice on launching a three-year action plan for energy conservation and carbon reduction in key industries. The notice proposes promoting energy conservation and carbon reduction upgrades in key processes and equipment such as blast furnaces and converters; applying advanced technologies such as high-proportion pelletizing in blast furnaces, top-pressure equalization gas recovery, and oxygen-enriched combustion in hot blast stoves; promoting inter-process interface connection technologies such as one-pot molten iron; orderly carrying out the application of technologies such as hydrogen metallurgy; and accelerating the upgrading of energy-consuming equipment such as motors, fans, water pumps, heat pumps, boilers, oxygen generators, air compressors, and transformers. It also calls for implementing upgrades such as waste heat recovery and waste energy power generation, and strengthening the recovery and utilization of by-product gas, waste heat, and waste pressure. Top-loading coke ovens with a carbonization chamber height of less than 6 meters (rammed coke ovens with a height of less than 5.5 meters), pelletizing equipment with a capacity of less than 1.2 million tons/year, blast furnaces with a capacity of less than 1,200 cubic meters, converters with a capacity of less than 100 tons, electric arc furnaces with a capacity of less than 100 tons (50 tons for alloy steel), and old and inefficient self-owned coal-fired units should be upgraded and transformed as soon as possible. Coke ovens should be equipped with high-efficiency dry quenching devices.Market news: Russian airstrikes in Kyiv, Ukraine, have killed two people.On June 15th, a notice was issued proposing to improve price guidance and regulation. All regions should fully leverage the role of price mechanisms, comprehensively considering factors such as the implementation of capacity and output control policies, energy consumption and carbon emission levels, and environmental performance. The existing differentiated electricity pricing, tiered electricity pricing, and punitive electricity pricing policies can be merged into a unified differentiated electricity pricing policy, with a surcharge of no more than 0.1 yuan per kilowatt-hour on top of the market transaction price. This surcharge will be used to offset system operating costs.

S&P 500 Price Forecast – S&P 500 E-mini Contract Pulls Back

Skylar Shaw

Jan 31, 2023 16:57


Technical Analysis of the S&P 500

As we continue to wait for the Federal Reserve statement on Wednesday and many people speculate as to what Jerome Powell would say, the S&P 500 E-mini contract has slightly declined during the trading session on Monday. The truth is that as everyone gets ready for the possible volatility late Wednesday, we are going to see a lot of loud activity, but short-term back-and-forth. Since there is so much inflation in the world, even if it is declining, it is still much more than the Federal Reserve's aim, many people are beginning to believe that the Federal Reserve will need to maintain monetary policy looser than expected. There is even speculation that they may decide to increase their aim and accept inflation of 3%. This is absurd.


What will happen in the market in response to the upcoming news is the question at hand. I don't believe we will definitely break down below the 200-Day EMA between now and then, but I do think that if we do have a move ahead of time, it will probably be more bearish than positive. It is not only a very significant technical indication, but it is also close to the psychologically significant 4000 level. In the long run, a rise to the 4200 level is possible if we were to surpass the peak of the shooting star from the Friday session. In the end, this condition tends to increase volatility.