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On August 11th, the Shanghai Municipal Commission of Economy and Informatization issued the "15th Five-Year Plan for the Development of Shanghais Software and Information Service Industry." The plan emphasizes tackling next-generation model architectures and promoting the exploration of multiple technical routes based on non-Transformer architectures such as state-space models, recurrent neural network variants, and liquid neural networks. It also calls for accelerating the development of cutting-edge basic model technology systems such as physical intelligence, world models, quantum intelligence, and brain-like intelligence. Furthermore, it emphasizes tackling the networking technology of ultra-large-scale intelligent computing power clusters, focusing on core components such as high-performance computing chips (GPUs/NPUs), quantum computing chips (QPUs), high-speed optical interconnects (CPOs), high-bandwidth memory (HBMs), and heterogeneous servers to enhance the supply capacity of intelligent computing hardware and promote the deep integration of domestically developed chips with mainstream large-scale models. Finally, it focuses on new storage and retrieval technologies, digital-model collaboration, and breakthroughs in key technologies such as high-precision heterogeneous processing, native multimodal fusion, and dynamic value alignment to build automated complex reasoning covering the entire lifecycle of corpora.On August 11th, the Shanghai Municipal Commission of Economy and Informatization issued the "15th Five-Year Plan for the Development of Shanghais Software and Information Service Industry." The plan outlines a tiered supply system combining large clusters, small clusters, and edge computing power. It calls for the development of ultra-large-scale intelligent computing clusters (100,000-card level) in Songjiang, Lingang, and Qingpu districts, and thousand-card level intelligent computing clusters in Baoshan, Pudong, and Jiading districts. The plan also guides the transformation of traditional data centers and information communication equipment rooms into hundred-card level edge intelligent computing centers to meet the ultra-low latency computing power needs of enterprises and individuals. Furthermore, it focuses on building Model-as-a-Service (MaaS) platforms for industries such as finance, education, healthcare, culture and tourism, and manufacturing, providing services such as industry application marketplaces, model customization and hosting, agent building, low-code development, API interfaces, computing power provision and management, and AI inference, thereby enhancing the level of intelligent cloud services.August 11th - According to a recent report from Omdia, as demand from smartphone manufacturers slows and memory prices rise, smartphone makers have significantly reduced their production plans. Meanwhile, display panel manufacturers are shifting excess capacity to the repair and refurbished smartphone market, driving rapid growth in display panel shipments in this market. Statistics show that in the first quarter of 2026, display panel shipments in the repair and refurbished smartphone market increased by 20% year-on-year, reaching 298 million units, exceeding for the first time the shipments of display panels to smartphone manufacturers (289 million units) during the same period.According to Al Jazeera, the death toll from the war in the Gaza Strip has reached 73,387.On August 11, two residential land parcels in Beijing were auctioned off. Located in Fangshan District and Shunyi District respectively, the total planned above-ground construction area is approximately 103,200 square meters. The total starting price was 1.663 billion yuan. Ultimately, both parcels were sold at the reserve price. The winning bidders were PowerChina Real Estate and Beijing Yinsheng Panmei, respectively, with a total transaction amount of 1.663 billion yuan.

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.