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On January 11, the 2025 Spring Festival travel plan for the Yangtze River Delta Railway was recently released. It is expected that 97 million passengers will be transported during the 40 days of the Spring Festival travel, with an average daily passenger volume of 2.425 million, a year-on-year increase of 5.1%, setting a record high. The Yangtze River Delta Railway Department plans to add 398.5 pairs of passenger trains on the basis of using the peak operation diagram. During the peak period, the maximum number of passenger trains will exceed 1,700 pairs per day to actively respond to the large passenger flow during the Spring Festival travel.On January 11, Sergey Lebedev, coordinator of the pro-Russian underground organization in Nikolayev Oblast, Ukraine, told RIA Novosti on January 10 that witnesses reported large-scale transportation of NATO equipment in Poland. Lebedev said: "In recent days, a lot of information from Poland shows that NATO is transporting a large number of personnel and equipment. The scale of equipment transportation is so large that it is impossible not to be discovered." Lebedev believes that Western countries are preparing for a conflict between Poland and Russia and a possible blockade of Kaliningrad. He said: "The West is waging war against Russia in Ukraine, and they will do everything they can. They dont care about the lives of the Poles, just as they dont care about the lives of the Ukrainians."On January 11, Ant Group and Good Doctor Online appeared on the same stage for the first time after completing the acquisition. Both parties said they would jointly promote the AI of medical services, improve doctors work efficiency with AI, and released an "AI assistant" to help doctors popularize science and manage medical records.Ukraine said Russia launched 74 drones during the night, 47 of which were shot down and another 27 failed to reach their targets.Russian Ministry of Defense: A Mi-28NM helicopter of the Russian Aerospace Forces prevented the rotation of Ukrainian troops in Kursk Oblast and destroyed Ukrainian armored vehicles and personnel.

The US Dollar Rapidly Returns to the Highs - Threatening a Topside Break

Drake Hampton

Apr 24, 2022 10:48

It's been a hectic week throughout markets, and from where we sit with only a few hours remaining till the week's finish, the big story is the reintroduction of bears into US stocks.

 

Yesterday was particularly significant since statements from FOMC Chair Jerome Powell were interpreted in a fairly hawkish manner, which boosted the US Dollar as stocks continued their downward trend from the Q2 beginning.

 

The US Dollar had been threatening a pullback earlier this week, and the statements from Chair Powell and a few other Fed members have contributed to it being a very short-term move. Following a new high on Tuesday, equities fell on Wednesday, and the decline continued into Thursday morning. However, the USD low appeared around the Euro open on Thursday morning, and bulls have been hard at work since then, forcing a series of breakouts. They may not be finished yet, as buyers are already bristling at the freshly achieved yearly high.

 

The levels I examined on Wednesday morning were significant for the move because a preceding level of support coincided with Thursday's breakthrough resistance, displayed at 100.27. This resulted in a breakout to the following level of resistance at 100.57. And that was breached overnight, allowing for the next area of resistance to be built at the previously established yearly high of 101.02. Additionally, there is still bullish breakout potential as the currency is exhibiting a v-shaped reversal, which leaves the door open for additional rises that might result in another new yearly high.

 

Notably, we are rapidly nearing the FOMC's blackout period, and the bank's May rate decision is projected to be the first in recent memory to raise rates by 50 basis points. Bullish potential exists on both the fundamental and technical levels.

US Dollar Hourly Price Chart

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