• English
  • 简体中文
  • 繁體中文
  • Tiếng Việt
  • ไทย
  • Indonesia
Subscribe
Real-time News
On September 20, Moscow Mayor Sergei Sobyanin reported that 450 Ukrainian military drones had been repelled when approaching the city since September 19. One facility near a Moscow oil refinery was damaged, and one residential building was hit; no casualties were reported. Separately, Moscow Oblast Governor Sergei Vorobyov reported that between 3:00 AM and 5:00 AM on September 20, 249 drones were shot down or suppressed in 17 districts. A fire broke out on the roof of a high-rise residential building in the Ramenskoye district, leading to the evacuation of 400 people and damage to 20 vehicles. In other areas, a warehouse complex caught fire, damaging several residential and commercial buildings. Two people were killed and six injured in the oblast.September 20th – The 2026 World Manufacturing Convention opened in Hefei, Anhui Province on September 20th. Xin Guobin, Vice Minister of Industry and Information Technology, stated in his opening address that the Ministry of Industry and Information Technology will focus on next-generation intelligent manufacturing, continuously enhancing the innovation, competitiveness, and overall strength of the manufacturing industry to create new advantages for "Made in China." First, it will improve the efficiency of the industrial innovation system. This includes strengthening original innovation and tackling key core technologies, reinforcing the leading role of enterprises in technological innovation, optimizing the layout and construction of industrial innovation platforms, and promoting the transformation of more technological innovations into real productivity. Second, it will promote the expansion and quality improvement of advanced manufacturing, comprehensively advancing the transformation and upgrading of traditional industries, the growth of emerging industries, and the cultivation of future industries, building a number of world-class advanced manufacturing clusters. Third, it will enhance advanced manufacturing capabilities, deeply promoting "artificial intelligence + manufacturing," cultivating intelligent factories in a tiered manner, vigorously developing open-source foundation models and vertical models, consolidating the software and hardware foundation for next-generation intelligent manufacturing, comprehensively promoting the green and low-carbon transformation of the manufacturing industry, and innovating and developing service-oriented manufacturing. Fourth, we will cultivate a group of high-quality enterprises, continuously optimize the innovation and entrepreneurship environment, accelerate the construction of world-class enterprises, promote the specialized, refined and innovative development of small and medium-sized enterprises, foster more "little giant" enterprises and single-item champion enterprises, and promote the integrated development of large, medium and small enterprises.On September 20th, the State Council Information Office held a press conference on the theme of "Starting the 15th Five-Year Plan," introducing the relevant situation regarding promoting high-quality development of market supervision during the 15th Five-Year Plan period and answering questions from reporters. Yang Sheng, Deputy Director of the National Medical Products Administration, stated that it is necessary to strengthen the legal framework and improve the regulatory standards system. He also emphasized strengthening the research and formulation of standards in cutting-edge fields such as brain-computer interfaces, using standard upgrades to drive quality improvement.On September 20th, Turkish Foreign Minister Fedan Ibrahim stated on September 19th that Turkey is prepared to provide assistance to Saudi Arabia in accordance with the Mecca Mutual Defense Agreement in response to the recent attacks on Saudi Arabia by the Houthi rebels in Yemen. Fedan said that the signatory countries are monitoring the attacks on Saudi Arabia, and Saudi Arabias military needs may focus on some technical issues, which Turkey will be able to meet. Saudi Arabia, Turkey, and Pakistan signed the Mecca Mutual Defense Agreement on August 7th. According to a joint statement issued by the three parties that day, the agreement aims to strengthen joint deterrence against any act of aggression. The agreement stipulates that an armed attack on any of the three countries will be considered an attack on all three.On September 20th, Venezuela and Total Energy signed a memorandum of understanding on Saturday, paving the way for the French companys return to operations in Venezuela. According to a government statement, Venezuelan Acting President Rodríguez presided over the ceremony in Caracas, where Hector Ofregón, president of PDVSA, and Francisco Javier Lielow, senior vice president of Total Energys Americas, signed the energy cooperation agreement. The statement said that Total Energy subsidiary TotalEnergies E&P New Ventures will participate in the energy project. Total Energy and its partner Equinor withdrew from the Petrocedeno oil project in 2021 amid a wave of foreign companies leaving the country. At the time, CEO Patrick Pouané stated that the move was unrelated to the political situation in Venezuela but was in line with the companys plan to reduce its carbon footprint.

USD/CAD Faces Downward Pressure Following the BoC's Hawkish Decision

Drake Hampton

Apr 15, 2022 10:39

USD/CAD fell in response to the Bank of Canada's decision. Benchmark yields increased further as investors digested rising inflation and hoped for a peak. Gold and silver prices continue to act as a hedge against inflation in the face of mounting inflation fears.

 

Oil prices fell as supply issues remained unresolved. While global supply is tightening in anticipation of a possible Russian oil shutdown, the EIA announced last week the proposal for member states to release strategic reserves.

 

Retail sales in the United States climbed by 0.5 percent in March, and 6.9 percent year over year. Gas station revenues increased the most, as retail sales are not inflation-adjusted. This compares to a 6.4 percent decline in internet sales.

 

Initial jobless claims increased to 185,000, up 18,000 from the previous week. Despite the fact that export prices climbed faster than import prices, the US trade imbalance widened. Imports have been impacted by inflation, with prices increasing by 2.6 percent and 12.6 percent month over month.

Technical Evaluation

The USD/CAD exchange rate has remained relatively stable as investors await critical US data that would affect the dollar. The Bank of Canada's hawkish tone bolstered the Loonie and contained losses, while lower crude oil prices weakened the Loonie and limited gains.

 

Resistance is located near the 1.266 50-day moving average. Support is located near the 1.256 ten-day moving average. The short-term momentum shifted to the upside when the fast stochastic crossed above the buy signal. The medium-term momentum is bullish, since the MACD line generated a buy signal upon crossover.

 

When the MACD line (the 12-day moving average minus the 26-day moving average) passes the MACD signal line, this scenario occurs (the 9-day MA of the MACD line).

 

image.png