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Artificial Intelligence: 1. Apples iOS 27 will introduce AI writing and new shortcuts. 2. Cloud Deeps IPO review status has changed to "accepted," with a planned IPO fundraising of approximately 2.503 billion yuan to invest in projects such as embodied algorithm and model R&D. 3. Ding Xuexiang emphasized during his research on the construction of the computing power network that it is necessary to accelerate the construction of a nationwide integrated computing power network to empower high-quality economic and social development. New Energy Vehicles: 1. He Xiaopeng: XPeng Robotaxi will begin demonstration operation in Guangzhou. 2. SAIC Audi will no longer sell gasoline cars? Insiders say negotiations are still ongoing. 3. Xiaomi Auto introduces a new battery supplier—Zhongchuang Innovation Aviation—for its Kunlun model. Other: 1. He Lifeng meets with Lisa Su, Chairman and CEO of AMD. 2. SpaceX officially launches a 1-for-5 stock split plan. 3. Apple will hold its Worldwide Developers Conference on June 8. 4. Judge dismisses Musks lawsuit against OpenAI and its CEO Altman; Musk: will appeal. 5. Baidus total revenue in Q1 2026 reached 32.1 billion yuan, with AI business accounting for 52% of revenue. 6. The first national security assessment for the export of remote sensing satellite data was completed in Hainan, achieving a "breakthrough from zero". 7. Tencent Music: The acquisition has been completed, and Himalaya has become a wholly-owned subsidiary of the company. 8. my countrys "Sun Chasing Project" has made significant progress, laying the foundation for building "wireless charging stations" in space. 9. A South Korean court partially approved Samsungs injunction application against the labor union, and the Samsung labor union confirmed that the strike will proceed as planned. 10. China Audio-Visual and Digital Publishing Association (CAVCA) Game Working Committee: The actual sales revenue of Chinas game market in April was 30.369 billion yuan, a year-on-year increase of 11.04%. 11. Musk: SpaceX may achieve fully rapid reusable rockets this year; the first brain-computer interface implantation surgery for blindness is planned to be completed within the year. A survey conducted by Kings College London on May 19th found that with the widespread adoption of artificial intelligence, most British workers expect to face mass unemployment. The survey revealed that Britons perceive occupations such as plumbers as relatively safe, while entry-level white-collar jobs are seen as risky. British workers have relatively low levels of concern about the threat to their jobs. Meanwhile, one in five Britons believe that AI-induced unemployment will trigger "civil unrest."Intel (INTC.O) CEO Chen Liwu: The 14A chip will be put into production in 2028 and will enter the mass production stage in 2029.On May 19th, Fatih Birol, Executive Director of the International Energy Agency (IEA), stated during the G7 finance ministers meeting in Paris, France, on the 18th that commercial oil inventories are "declining sharply" due to the Middle East conflict, and their lifespan is "only a few weeks." Birol said that the IEAs decision in March to coordinate member countries to utilize strategic petroleum reserves could increase market supply by approximately 2.5 million barrels per day, but these reserves are "not inexhaustible," and all parties should recognize the urgency of the situation. The IEAs latest monthly oil report, released on May 13th, showed that global observable oil inventories, including offshore crude, decreased by 250 million barrels in March and April, equivalent to a daily decrease of 4 million barrels. With the summer peak demand approaching, international oil prices may fluctuate further.On May 19th, Trump announced that his direct-to-consumer pharmacy website, TrumpRx, is expanding its list of discounted drugs, adding over 600 generic versions. Generic drugs are typically cheaper, and this expansion helps fill gaps in the websites current offerings. Speaking at the White House, Trump stated that by including this large catalog of inexpensive generic drugs on TrumpRx, consumers will now have a reliable channel to ensure they can purchase the prescription medications they need at the lowest possible price. Mark Cuban, who strongly advocates for direct-to-consumer drug sales through his company, Cost Plus Drugs, accompanied him to the event. The White House stated that discounts on generic drugs offered by Amazon Pharmacy, Cost Plus Drugs, and GoodRx will be integrated into the TrumpRx website. Its important to note that TrumpRx targets those who purchase medications with cash and do not have health insurance. Many people cannot afford prescription drugs without health insurance. Trump administration officials stated that the website still serves a purpose of transparency, allowing people to at least check for better prices.

USD/CHF Steady at 1.0020 as DXY Pauses, Powell and US Retail Sales Take Center Stage

Daniel Rogers

May 16, 2022 10:46

The USD/CHF pair is bouncing within a small range between 1.0020 and 1.0030 in early Tokyo, as the US dollar index (DXY) is not gaining much traction due to Monday's light economic calendar. Although broad-based fundamentals continue to favor the dollar bulls, the Federal Reserve (Fed) is projected to raise interest rates by another significant number in June in an effort to limit the inflation issue.

 

Last week, Fed's Powell's interview with the national radio show Marketplace revealed the ongoing conversations among Fed policymakers regarding anticipated rate hikes in monetary policies. Fed Powell indicated that the Fed could declare two additional rate hikes in the next two consecutive monetary policy sessions in order to tame the soaring inflation.

 

In the meantime, the US dollar index (DXY) is poised between 104.46 and 104.60 after reaching a new 19-year high of 105.00 on Friday. The DXY appreciates the broader gains but requires further triggers to maintain strong. In the future, two significant events on Tuesday will keep investors occupied. First will be Fed Chairman Powell's speech, which will likely influence monetary policy action in June. The second significant event is the monthly US Retail Sales report, which is anticipated to increase by 0.7% from the previous reading of 0.5%.

 

In terms of the Swiss franc, Friday's Industrial Production data will be the focal point. The catalyst reached 7.3% the previous time. A greater-than-anticipated number will strengthen the Swiss franc against the U.S. dollar. 

USD/CHF

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