EUR/USD 1.14623
0.045%
Gold 4146.53
-1.485%
Oil 76.203
1.036%
USD/JPY 161.280
-0.062%
GBP/USD 1.32330
0.219%
GBP/JPY 213.427
0.168%
Browse More
  • English
  • 简体中文
  • 繁體中文
  • Tiếng Việt
  • ไทย
  • Indonesia
Subscribe
Real-time News
On June 19, the Afghan Ministry of Defense claimed that its air force had conducted airstrikes overnight on multiple hideouts in neighboring Pakistans Khorasan province used by the extremist group ISIS. Pakistan denied the claims on the same day. The Afghan Ministry of Defense issued a statement on social media stating that all pre-selected high-value targets in the operation were hit; these targets were located in Pakistans Balochistan and Khyber Pakhtunkhwa provinces. The locations were "used to plan and coordinate attacks against Afghanistan." Pakistans Ministry of Information and Broadcasting issued a statement on June 19 denying the claims. The statement said that a drone from Afghanistan violated Pakistani airspace in the Khyber region, and was identified and immediately shot down by the Pakistani Air Forces early warning and defense system. The statement also claimed that ISIS camps and several other terrorist organizations are actually located within Afghan government-controlled areas and are funded and operated by personnel within the Afghan government.On June 19th, the Guangdong Provincial Peoples Government issued a notice titled "Implementation Plan for Promoting the Expansion and Quality Improvement of the Service Industry in Guangdong Province." The plan outlines the construction of an AI-enabled software information service system, the vigorous development of general-purpose and industry-specific large-scale models, and the promotion of key businesses such as AI programming, digital marketing, and gaming and entertainment. It also aims to incubate and cultivate AI+software ecosystem unicorn companies. Furthermore, the plan calls for the in-depth implementation of core software development projects, focusing on basic software and industrial software in key areas, organizing major scientific and technological research, and achieving breakthroughs in key core technologies.The Central Bank of Russia stated that it will assess the necessity of further interest rate cuts at its upcoming meeting.The Central Bank of Russia cut interest rates by 25 basis points, while the market had expected a 50 basis point cut.On June 19th, the Guangdong Provincial Peoples Government issued a notice regarding the "Implementation Plan for Promoting the Expansion and Quality Improvement of the Service Industry in Guangdong Province." The plan includes implementing a tiered cultivation plan for internet enterprises, establishing a full-cycle cultivation system, fostering a group of backbone enterprises with a value exceeding 10 billion yuan, and striving to create world-class internet enterprises with a value exceeding one trillion yuan. It also aims to build a new highland for the digital content industry, create digital cultural IPs with national influence, accelerate the construction of smart audiovisual cloud industrial parks, support the innovative development of platforms such as internet music, live streaming, long and short videos, and online games, and cultivate new business models such as immersive experiences and virtual digital humans. Furthermore, it promotes the digital upgrade of life services, facilitates AI-enabled life service scenarios, and creates a nationwide AI-driven vertical life service platform.

Price Analysis: EUR/JPY Daily Rising Wedge Targeting 143.00

Daniel Rogers

Nov 23, 2022 16:01

 截屏2022-11-23 上午9.53.21.png

 

The EUR/JPY continues to consolidate within an ascending wedge, after ending Tuesday with tiny losses of 0.04% due to a risk-on sentiment. At the start of the Asian trading session, the EUR/JPY exchange rate is 145.48, representing a slight gain of 0.01%.

 

As noted previously, a rising wedge emerged on the EUR/JPY daily chart, with the bulk of daily lows acting as dynamic support after the 50-day Exponential Moving Average (EMA). In spite of the fact that the cross continues to move steadily, there has been less price action during the past four days. This would suggest that the EUR/JPY exchange rate is stable or that a breakout is near.

 

If the EUR/JPY reaches 146.00, it could accelerate a rally toward the year-to-date (YTD) highs near 148.40; however, buyers must first overcome crucial resistance levels. The first is the rising wedge top trendline close to 146.50, followed by the 9 November daily high at 147.11. After the psychological 148.00 is reached, the next objective will be 149.00.

 

If the EUR/JPY breaks below the rising wedge, the 50-day exponential moving average (EMA) around 144.12 would provide first support. A breach of this level will expose the 143.00 level, followed by the November 11 swing low of 142.54.

Suggestion