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On September 14, Penske Media, the owner of Rolling Stone and Billboard, sued Google in a federal court in Washington, D.C. on Friday, accusing the latter of using its AI summary feature without permission and cutting website traffic. This is the first time that a major American publisher has filed a lawsuit against Googles AI-generated summaries. For months, several news organizations have said that these new features will divert users and erode advertising and subscription revenue. The lawsuit stated that AI summaries are currently displayed in about 20% of Google search results linking to its website, and the proportion is expected to continue to rise. As search traffic declines, the companys associated revenue will have fallen by more than a third from its peak by the end of 2024. Google responded on Saturday that AI summaries can provide users with a better experience and bring traffic to more different types of websites.According to the local governor: A fire broke out at the Kirish oil refinery in Russia after the wreckage of a drone fell, and the fire has now been extinguished.On September 14th, US media reported on the 13th that FBI Director Kash Patel was questioned for mistakenly announcing a "suspect in custody" in the assassination of Charlie Kirk, a political ally of US President Trump. Following the shooting on the 10th, local police in Utah quickly arrested one person, and Patel announced the arrest on social media. However, it was later confirmed that police had arrested the wrong person, with the shooter still at large. Patel will face questioning from lawmakers about this case and broader issues at a congressional hearing next week.On September 14th, five US F-35 fighter jets were spotted landing in Puerto Rico on Saturday, just as Trump ordered an additional 10 stealth fighter jets to the Caribbean last week to combat drug cartels and address tensions with Venezuela. Photos show the aircraft landing at the former Roosevelt Roads military base in Ceiva, Puerto Rico. US helicopters, Osprey transport aircraft, other transport planes, and US military personnel have also been spotted at the base in recent days. When asked about the situation, a Pentagon duty press officer stated, "We do not have any force deployment changes to announce at this time." Sources reported last week that the Trump administration had ordered the deployment of 10 F-35 fighter jets to Puerto Rico to carry out operations against drug cartels.A fire has broken out at an oil refinery in Russias Bashkortostan and firefighting is underway, with the production site suffering minor damage, the regional governor said.

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.