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On April 17th, a memo revealed that the U.S. government is preparing to provide a version of Mythos, an artificial intelligence model developed by Anthropic, to major federal agencies, with enhanced security measures in place, to address concerns that the tool could significantly increase cybersecurity risks. In an email sent Tuesday to cabinet departments, White House Office of Management and Budget (OMB) Federal Chief Information Officer Barbasilia stated that the OMB is establishing safeguards to enable agencies to begin using this highly restricted AI tool in the future. The email did not specify whether agencies would have access to Mythos, nor did it provide a specific timeline or usage method. It only informed heads of technology and cybersecurity departments that more information was expected "in the coming weeks." Currently, Anthropic has only made Mythos available to a limited number of technology companies and financial institutions, encouraging them to use it to assess their own cybersecurity risks. Due to concerns that hackers could exploit the models capabilities to steal data or compromise systems, the company has strictly limited its distribution.On April 17th, US President Trump stated that he expects a deal with Iran to be announced soon, claiming it would bring the US "free oil" and a "free Strait of Hormuz." When asked about the economy and oil prices, Trump said that current oil prices are lower than previously expected. He said, "If you look at the price of oil and the price were paying, its about half of what people were originally expecting, provided you do what I have to do." He added, "I think the negotiations are going very well right now, and if its done, it will be announced very soon, which will give us free oil and a free Strait of Hormuz. Everything will be great, and I think oil prices will be even lower than before."According to Futures News on April 17, as of the close of trading at 2:30 PM, the main Shanghai Gold futures contract fell 0.57%, the main Shanghai Silver futures contract fell 1.41%, and the main SC crude oil futures contract rose 1.28%.April 17th - As of 2:30 PM closing, the Shanghai Gold futures contract fell 0.57% to 1054 yuan/gram, the Shanghai Silver futures contract fell 1.41% to 19524 yuan/kilogram, and the SC Crude Oil futures contract rose 1.28% to 639 yuan/barrel.U.S. State Department: The negotiations aim to resolve all remaining issues, including the demarcation of international land borders.

The EUR/USD Price Analysis Is Supported By Rebounds From 1.0840-45

Alina Haynes

Apr 11, 2023 14:37

EUR:USD.png 

 

On Tuesday morning, the EUR/USD reaches a new intraday peak near 1.0880 as bulls attempt to regain control following a two-day downtrend. Consequently, the Euro-U.S. dollar pair recovers after the convergence of the 100-day simple moving average and a two-week-long ascending support line.

 

However, the recovery movements of the major currency pair remain elusive unless the quote remains below the 13-day-old horizontal resistance area surrounding 1.0930.

 

A one-week-old descending trend line near 1.0900 is protecting the EUR/USD pair's near-term upside at press time.

 

In the event that the EUR/USD pair maintains strength above 1.0930, the 1.0975 monthly high may serve as the last line of defense for pair sellers before pushing the price to February's high of 1.1033.

 

Alternately, a breach of the 1.0840-45 support confluence would drive the price to the 1.0788 monthly low without hesitation.

 

Future EUR/USD skeptics may be challenged by the 50% and 61.8% Fibonacci retracement levels of the pair's March-April upswing, respectively near 1.0745 and 1.0690.

 

To restore market confidence, supporters of the EUR/USD must surpass 1.0930. The quote remains on the bears' radar despite the fact that 1.0845-40 limits the near-term decline.