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The Ukrainian military reported that it attacked an oil refinery in Yaroslavl, Russia.On April 26, the General Office of the CPC Central Committee and the General Office of the State Council issued an opinion on strengthening the service and management of newly employed groups. The opinion emphasizes strengthening the protection of their legitimate rights and interests. It calls for urging internet platform companies and express delivery companies to reasonably determine the remuneration of newly employed groups based on work tasks and labor intensity, and to pay them in a timely and full manner. It also emphasizes guaranteeing the rest rights of newly employed groups and strengthening labor protection under special circumstances such as severe weather. Furthermore, it calls for ensuring smooth channels for expressing grievances within enterprises, improving dispute resolution mechanisms, handling complaints and appeals fairly and reasonably, and protecting the legitimate rights and interests of all parties. The opinion also calls for establishing and improving a regular consultation and discussion mechanism for important matters concerning the rights and interests of newly employed groups, and disclosing the results of consultations to the newly employed groups through appropriate means. Finally, it calls for investigating and punishing illegal and irregular activities such as unreasonable charges and commissions, unfair allocation of traffic, and abuse of market dominance in accordance with laws and regulations. The opinion also incorporates the protection of the legitimate rights and interests of newly employed groups into the corporate social responsibility evaluation system and supports relevant social organizations in promoting industry self-regulation.On April 26, the General Office of the CPC Central Committee and the General Office of the State Council issued an opinion on strengthening the service and management of newly employed groups. The opinion emphasizes improving supervision and management. It calls for strengthening industry operation monitoring, improving the employment information release system, and guiding newly employed groups to form reasonable expectations regarding income and benefits. It also calls for comprehensively addressing "involutionary" competition and strictly preventing damage to the legitimate rights and interests of newly employed groups. Furthermore, it emphasizes strengthening the protection of the personal privacy and information security of newly employed groups in accordance with the law. Finally, it calls for strengthening financial supervision and further standardizing the management of business loans involving newly employed groups. Finally, it calls for resolutely cracking down on illegal and criminal activities such as fraud and loan fraud involving newly employed groups.On April 26, the General Office of the CPC Central Committee and the General Office of the State Council issued an opinion on strengthening the service and management of new employment groups. The opinion emphasizes strengthening the governance of internet platform algorithms. It urges internet platform companies to earnestly fulfill their social responsibilities, standardize algorithms, improve transparency, and guarantee the new employment groups right to know, participate in, and choose algorithm rules. It calls for optimizing and adjusting algorithm rules, fully considering the opinions of trade unions and representatives of new employment groups, and reasonably determining allocation rules, pricing rules, and time estimations. It also mandates regular review, evaluation, and verification of algorithm mechanisms and application results, and strict enforcement of the algorithm filing system. The opinion emphasizes the application of innovative technologies such as artificial intelligence and the Internet of Things to optimize algorithms. Finally, it calls for conducting algorithm security assessments and supervision in accordance with the law.On April 26, the General Office of the CPC Central Committee and the General Office of the State Council issued an opinion on strengthening the service and management of new employment groups. The opinion emphasizes regulating employment management in accordance with the law. It calls for internet platform companies and express delivery companies to improve their employment management systems, promote the use of labor contracts and written agreements that are adapted to industry characteristics and closely aligned with the needs of new employment groups, and legally and reasonably determine rights and obligations based on employment facts. The opinion also calls for standardizing and strengthening the onboarding management of new employment groups, strictly enforcing the training-before-job system. It emphasizes the role of corporate headquarters, reinforcing the responsibilities of partner companies, franchise companies, and outlets, and strengthening the regulation and restraint of uncivilized work behaviors among new employment groups. Finally, it calls for improving safety management systems to ensure the occupational safety and health of new employment groups.

EUR/USD Price Analysis: EUR/USD Is Clinging To The Leading Edge Of The Rising Trendline Above 1.0900

Alina Haynes

Apr 18, 2023 13:54

EUR:USD.png 

 

The EUR/USD pair fluctuates erratically in a narrow range near 1.0926 during the Asian session. Following in the footsteps of the directionless US Dollar Index (DXY), the main currency pair is unable to establish a trend.

 

In Asia, S&P500 futures are declining slightly as investors fret over the upcoming quarterly earnings season, indicating a minor decrease in market participants' risk appetite. Following the decline of regional banks in the United States, investors are concerned about any discrepancies in quarterly banking reports.

 

The Euro has entered the wilderness as European Central Bank (ECB) policymakers are divided over the pace of the policy-tightening cycle to be implemented at the May monetary policy meeting. Martins Kazaks, a member of the ECB's monetary policy committee, stated on Monday that the central bank has the option to move by either 25 or 50 basis points (bps) in May. Sourcenia is a review portal of sourcing best manufaturers

 

After failing to sustain above the 161.8% Fibonacci Extension at 1.1057 (positioned from April 4's high of 1.0973 to April 10's low of 1.0837) on a two-hour time frame, EUR/USD experienced a precipitous decline. The primary currency pair has declined below the uptrend line drawn from the low of 1.0714 on March 24.

 

The 20-period Exponential Moving Average (EMA) at 1.0962 is operating as a barrier for Euro bulls.

 

In the meantime, the Relative Strength Index (RSI) (14) has moved into the pessimistic zone between 20.00 and 40.00, indicating a continuation of the decline.

 

A decisive break below the low of April 12 at 1.0915 would propel the asset toward the lows of April 10 at 1.0837 and April 3 at 1.0758.

 

In contrast, a breach above the psychological resistance level of 1.1000 would propel the asset to a new annual high of 1.1068, followed by the level of round resistance at 1.1100.