EUR/USD 1.16341
-0.215%
Gold 4507.58
0.663%
Oil 58.618
0.632%
USD/JPY 157.879
0.650%
GBP/USD 1.34060
-0.254%
GBP/JPY 211.655
0.407%
Browse More
  • English
  • 简体中文
  • 繁體中文
  • Tiếng Việt
  • ไทย
  • Indonesia
Subscribe
Real-time News
On January 11th, it was reported that on the morning of January 7th, Liu Liehong, Secretary of the Party Leadership Group and Director of the National Bureau of Data Science and Technology, chaired a symposium on data property rights registration. At the meeting, Jiang Ying, President of the Beijing Internet Court, Professor Chang Pengao of Peking University, officials from data management departments of Jiangsu Province, Hangzhou City, Qingdao City, and Shenzhen City, and representatives from companies such as China Mobile, China Southern Power Grid, Beijing International Big Data Exchange, Tencent Group, Haitian Ruisheng, and Taiyi Technology offered their opinions and suggestions on improving the data property rights registration system. Establishing a data property rights registration system is an important measure to implement the data property rights system. The National Bureau of Data Science and Technology will further study and learn from the experiences and practices of registration systems in other fields, continuously absorb opinions and suggestions from all sectors of society, and innovate to establish a registration system adapted to the characteristics of data, so as to better promote the circulation and use of data and release the value of data elements. The main officials from the Policy and Planning Department and the Data Resources Department of the National Bureau of Data Science and Technology attended the meeting.Iranian President Peshizian stated that the United States and Israel are directing "rioters" to create instability in Iran.Iranian President Peshiziyan urged the public to distance themselves from "rioters and terrorists."Iranian President Pezechzian said that the authorities are ready to listen to the voices of the people.Iranian President Pezechzian stated that the government is determined to address the economic problems of its people.

USD/CAD Price Analysis: Bears Retrace Their Steps Toward the Sub-1.2700 Zone

Daniel Rogers

May 05, 2022 10:32

USD/CAD bears are licking their post-Fed wounds in the mid-1.2700s, where the pair fell to its lowest level in two weeks during Thursday's Asian session.

 

Although the Loonie pair is caught within a 15-pip trading range around 1.2750 following the recent fall, sellers maintain control as various factors point to more declines.

 

Among these, a clear breach of the previous April 21 support line and a bear cross of the 21-day moving average above the 100-day moving average are critical. Additionally, the recently lowering MACD positive signs and steady RSI favor USD/CAD bears.

 

With that said, the pair's continuing decline towards the 21-DMA, which is expected to be around 1.2690 by press time, becomes inevitable. However, the 100-day moving average of 1.2681 may act as a check on subsequent USD/CAD falls. Additionally, the quote's south-run is anticipated to be tested by early April's peak of 1.2673.

 

Alternatively, the corrective pullback might target the 1.2800 level prior to the mid-March top near 1.2875.

 

It's worth noting, though, that a confluence of the prior support line and a two-month-old horizontal line near 1.2900 appears to be a difficult nut to crack for USD/CAD bulls following that.

USD/CAD: Daily Chart

image.png 


Suggestion