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On July 18, Chen Jining, Secretary of the Shanghai Municipal Committee of the CPC, met with Richard Sutton, Turing Award laureate and Chief Scientist of Openmind Research Institute, who was in Shanghai to attend the 2026 World Artificial Intelligence Conference and the High-Level Meeting on Global Governance of Artificial Intelligence. Chen Jining introduced the development of artificial intelligence in Shanghai. He said that artificial intelligence is one of the three leading industries that Shanghai is focusing on developing. Adhering to the people-centered and benevolent principles, Shanghai maintains strategic agility and perseveres, focusing on strengthening basic research, cultivating and optimizing the innovation ecosystem, and accelerating the construction of a high ground for artificial intelligence development and governance innovation. Mr. Sutton is a renowned scholar in the field of artificial intelligence. He welcomed him to seize this rare historical opportunity to more closely integrate his research advantages with Shanghais innovation advantages, talent advantages, and ecosystem advantages, and to deepen communication, cooperation, and open collaboration in strengthening basic research and talent exchange and training, so that this cutting-edge technology can better benefit human society. Shanghai will continue to create an open and inclusive innovation ecosystem, provide efficient and convenient matching services, and better support global scientists and talents to innovate, start businesses, and achieve their dreams in Shanghai.On July 18, Kuwait Oil Company (KOL) stated in a press release that a "critical" facility was subjected to multiple fierce attacks by Iran, resulting in multiple casualties and significant damage. The injured have received medical treatment, and the facility has been evacuated. KOL is coordinating with relevant departments to respond to the attack. The press release did not specify the exact location of the attacked facility.According to the Kuwait News Agency, the Kuwait Petroleum Corporation (KPC) stated that an Iranian attack damaged an oil facility, resulting in injuries and significant property damage.According to the Jordanian National News Agency, Jordan intercepted and shot down four drones that had violated its airspace.July 18th - Question: It is reported that the British government announced on the 16th that it has nationalized British Steel under the Steel Industry (Nationalization) Act, taking over the company previously controlled by Chinas Jingye Group, and will establish a compensation mechanism through secondary legislation to independently assess compensation matters. British Prime Minister Starmer stated that the decision safeguards the future of the British steel industry and protects skilled jobs. What is Chinas comment on this? Foreign Ministry Spokesperson: The Chinese Ministry of Commerce has already responded, which you can refer to. I would like to emphasize that this matter has attracted great attention from the Chinese public. How the UK handles this matter will directly affect Chinese investors perception of the UKs investment environment and the Chinese publics perception of the British governments credibility. China and the UK have signed an investment protection agreement, and the legitimate rights and interests of investors must be fully protected in accordance with the law. China urges the UK to earnestly respect market principles and the spirit of contracts, and find a mutually acceptable solution, including how to compensate. China supports enterprises in using legal means to protect their rights and is closely monitoring the developments of the matter; it will take measures to protect its rights if necessary.

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.