EUR/USD 1.14032
0.297%
Gold 4105.54
1.280%
Oil 83.656
-5.520%
USD/JPY 163.600
-0.151%
GBP/USD 1.33539
0.248%
GBP/JPY 218.475
0.097%
Browse More
  • English
  • 简体中文
  • 繁體中文
  • Tiếng Việt
  • ไทย
  • Indonesia
Subscribe
Real-time News
Japanese government: Japanese Prime Minister Sanae Takaichi will hold a press conference at 09:00 GMT (17:00 Beijing time).SK Hynix rose 2.3% in early trading, while Samsung Electronics rose 2.7%.July 27 (Futures News) – According to foreign media reports, Allseeds, one of Ukraines largest producers and exporters of vegetable oils and oilseed meals, has suspended operations in the Odessa region due to the deteriorating security situation in the Black Sea. The Ukrainian national news agency Ukrinform reported that an official statement released by the Allseeds Group on Facebook stated that due to the significantly deteriorated security situation and the escalating Russian missile and drone attacks on ports and logistics infrastructure in the Odessa region, Allseeds Group had to make the difficult decision to suspend its operations in the Odessa region. Continuing to operate under the current conditions would pose an extremely high risk to the lives of its employees and the companys facilities and assets. The company stated that this difficult decision was primarily made to ensure the safety of its employees and protect its production assets, infrastructure, human resources, and operational capabilities.July 27 - The Houthi rebels in Yemen claimed on July 26 that they shot down a Saudi drone in northern Yemen. Houthi spokesman Yahya Sarreya stated that the drone, manufactured by the Turkish company Baika, was shot down while conducting "hostile activities" over Jawf province. Saudi Arabia has not yet responded to this claim.Japans corporate services price index fell 0.4% month-on-month in June, compared with 0% in the previous month.

Price Analysis of the US Dollar Index: DXY Retreats from 104.00, Rising Wedge Anticipated

Alina Haynes

May 12, 2022 10:27

During Thursday's Asian session, the US Dollar Index (DXY) fails to continue the previous two days' upward momentum, trading on the defensive around 103.95.

 

In doing so, the dollar index remains near the 20-year high reached earlier in the week, but for the first time in three days, the daily decline is recorded.

 

In addition to highlighting a 12-day-old rising wedge bearish pattern surrounding the multi-day top, the DXY's most recent decline also reveals a multi-day top-adjacent rising wedge formation. The slow RSI also highlights the significance of the chart pattern.

 

However, a decisive breach below 102.90 is required to validate the potential decline to 101.30.

 

During the fall, the 100-SMA and monthly low between 102.65 and 102.35 will serve as intermediate stops.

 

Until the quote continues below the indicated wedge's resistance line, approximately 104.30 as of press time, a recovery appears elusive.

 

After that, a slow climb to the September 2002 high of 109.80 cannot be ruled out.

Four-hour DXY chart

 image.png

Suggestion