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On April 11, sources revealed that the Bank of England plans to discuss the impact of Anthropics newly launched artificial intelligence model with financial institutions. British regulators are joining their counterparts in the US and other countries in warning of the risks posed by this tool. Anthropics Mythos model will be on the agenda of the Bank of Englands next Cross-Market Operations Resilience Group and CMORG Artificial Intelligence Task Force meetings, both scheduled for the next two weeks. The Federal Reserve and the Treasury have already held emergency meetings on the matter, and the Bank of Canada also met with banks and financial companies on Friday to discuss the cybersecurity risks posed by Mythos. These meetings reflect growing concerns among regulators that a new type of cyberattack is becoming one of the biggest risks facing the financial industry.Ukrainian President Zelensky: 175 Ukrainian soldiers and 7 civilians have returned home.On April 11, Iranian government spokesperson Mohammad Hajjerani stated that Irans dispatch of a diplomatic team led by Parliament Speaker Ghalibaf to participate in the US-Iran negotiations demonstrates Irans willingness to engage in dialogue. She emphasized that, as the Iranian president previously stated, Iran will negotiate with its "finger on the trigger." While Iran is willing to engage in dialogue, it lacks trust in the other side, therefore the Iranian diplomatic team will participate in the negotiations with the utmost caution. Hajjerani expressed hope that, under the guidance of the Supreme Leader, the Iranian negotiating team will achieve success.According to RIA Novosti: Russia and Ukraine each exchanged 175 prisoners of war.April 11 - White House officials denied reports that the United States had agreed to unfreeze Iranian assets. Previously, Reuters, citing Iranian sources, reported that the US had agreed to unfreeze Iranian assets frozen in Qatar and other foreign banks.

WTI Price Analysis: The 100-SMA examines Oil bears near $79

Alina Haynes

Jan 30, 2023 15:25

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WTI crude oil stays in the red for the second consecutive day after retreating from a one-week high the previous day, with intraday losses of 0.30% near $79.30 as the European day begins on Monday.

 

In doing so, black gold pokes the 100-bar Simple Moving Average (SMA), which is approximately $79.20 at the time of publication.

 

The energy benchmark's decline may be related to the price's failure to cross the support-turned-resistance from January 12 in the early Asian session. Downward-sloping MACD signals and a sinking RSI (14) line could bolster the bearish stance.

 

Notably, a break below the 100-day simple moving average (SMA) at $79.20 may struggle to appease Oil bearish, as the $79.00 mark and the 200-day SMA, close to $78.15, could challenge the price's further decline.