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Top Democrats in the U.S. House of Representatives have hinted that they are open to pushing for the 25th Amendment to remove President Trump from office.Israel has information that Iran may resume missile attacks against Israel.April 9th - According to US government officials, the Trump administration is considering a plan to punish some NATO members it believes did not support the US and Israel during the war with Iran. The proposal includes withdrawing US troops from non-supporting NATO members and redeploying them to countries more supportive of US military operations. This proposal is far less serious than Trumps recent threats to completely withdraw the US from NATO, as Trump cannot withdraw without congressional approval. The plan has been circulating and gaining support among senior government officials in recent weeks and is currently in its initial conceptual stage, one of several options for punishing NATO being discussed by the White House. The White House previously stated that Trump believes NATO has failed the "test" and will discuss withdrawal with Rutte. According to two government officials, in addition to redeploying troops, the plan may also include closing US military bases in at least one European country, possibly Spain or Germany. Countries such as Poland, Romania, Lithuania, and Greece could benefit as they are seen as supporters. The plan could lead to a greater deployment of US troops closer to the Russian border, potentially angering Moscow.White House National Economic Council Director Hassett: The surge in oil prices in the CPI report may be a one-off event.US Vice President Vance: Iranian Parliament Speaker Ghalibaf spoke about the alleged attacks in Iran, calling them a violation of the ceasefire agreement. Ceasefire agreements are always subject to change. Just one hour after the president announced a ceasefire, Iran launched a series of missiles. Israel responded, and some Gulf Arab states retaliated. This is the nature of ceasefire agreements. Any ceasefire agreement is bound to encounter some twists and turns.

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

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