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September 10th - According to the Wall Street Journal, U.S. officials stated that senior White House advisors have privately raised the possibility with Trump that the war with Iran could continue until the end of his remaining term. This contradicts Trumps public assurances that the war will be swiftly won. Officials said that in discussions in the Oval Office and the White House Situation Room, Vice President Vance, Secretary of State Rubio, and others discussed with the president the possibility that Tehran might continue to resist under pressure from blockades and other military measures, potentially extending the conflict beyond the presidential inauguration in January 2029. These closed-door discussions took place as Trump told reporters on Wednesday that the war would end "immediately" after the November midterm elections because "Iran cant hold on any longer."According to the Wall Street Journal, Democratic Senator Richard Fetman will make a video appearance at the Republican National Convention in Dallas. This unusual move is bound to spark further speculation about his political future. Fetman is expected to introduce fellow Pennsylvania senator David McCormick, a Republican, in the video; the two senators have established a close bipartisan relationship.According to the Wall Street Journal, U.S. officials revealed that senior White House advisors raised the possibility with Trump that the war could drag on until the end of his term.On September 10, the Syrian Transitional Governments Ministry of Defense issued a statement on the evening of September 9, saying that an explosion occurred that day at a temporary warehouse used for storing weapons and war remnants in Idlib province in northwestern Syria, killing 14 personnel of the Ministry of Defense and injuring more than 10 others, including civilians. The statement said that the Ministry of Defense immediately coordinated with relevant departments after the explosion to control the scene and handle the situation. The cause of the accident is still under investigation.On September 10th, according to The Information, OpenAI has informed some business partners that it will no longer accept advertising for image and audio generation products, as these products compete with OpenAIs own functionality. This change was not previously reported and was not included in its published advertising policy, catching existing advertisers like Adobe, which sells such products, off guard. If this new policy extends to other competing products, it could limit OpenAIs potential advertising revenue. OpenAI had previously given investors aggressive advertising growth expectations, viewing advertising as a key way to generate revenue from its large non-paying user base.

USD/CAD Price Analysis: Retracement Moves Seek Confirmation at 1,3000

Alina Haynes

May 13, 2022 10:00

USD/CAD consolidates recent advances while retreating from its highest level since November 2020, reaching a fresh intraday low around 1.3010 during the Asia session on Friday.

 

In doing so, the Loonie pair depicts a pullback from a four-day-old resistance line, which was near 1.3080 at the time of publication.

 

Given that the downward-sloping RSI (14) line is not oversold, the most recent price downturn may continue for a while longer before reaching any important support.

 

However, a junction of the 100-HMA and a one-week-old ascending trend line at 1.2995 is a formidable obstacle for USD/CAD bears.

 

In the event that the price falls below 1.2995, various levels surrounding 1.2920-10, including the high from early May and the 200-hour moving average, will attract pair sellers.

 

In contrast, a decisive breach of the aforementioned short-term resistance line of 1.3080 would require confirmation from the 1.3100 level before going for the peak of 1.3172 in late November 2020.

 

In conclusion, USD/CAD decline is not indicative of a trend reversal until the quotation breaks 1.2920.

The USD/CAD Hourly Graph

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