• English
  • 简体中文
  • 繁體中文
  • Tiếng Việt
  • ไทย
  • Indonesia
Subscribe
Real-time News
U.S. Steel (XN) has proposed a five-year labor agreement to the United Steelworkers Union, including a cumulative 18.2% wage increase and a $4,000 approval bonus. Negotiations are scheduled to resume in Pittsburgh on August 10.A spokesperson for Paramount (PSKY.O) expressed gratitude to the U.S. court for swiftly approving the application for a temporary restraining order, and expressed confidence that the evidence would prove the antitrust claims made by state attorneys general against the Warner Bros. Discovery (WBD.O) merger to be "baseless."On July 21, it was reported that on July 20, local time, newly appointed British Prime Minister Burnham appointed several cabinet members. Burnham appointed former Defence Secretary John Healy as Chancellor of the Exchequer. Healy previously served as Defence Secretary in the Starmer government but resigned in June due to a dispute over defense spending. Burnham also appointed Ed Miliband as Foreign Secretary. Miliband served as Labour Party leader from 2010 to 2015 and as Energy Secretary in the Starmer government. In addition, Louise Hague was appointed First Minister of State and Secretary of State for the Duchy of Lancaster. Hague previously served as Transport Secretary and resigned in November 2024; she is considered a key supporter of Burnham. Home Secretary Shabana Mahmoud will continue in her current position. Burnham was appointed the new Prime Minister by King Charles III on July 20 and authorized to form a new cabinet.July 21 - As of 2:30 PM closing, the Shanghai Gold futures contract rose 0.05% to 875 yuan/gram, the Shanghai Silver futures contract rose 1.13% to 13,840 yuan/kilogram, and the SC Crude Oil futures contract fell 0.43% to 535 yuan/barrel.July 21 – A new round of large-scale mutual attacks between Russia and Ukraine continues to escalate. Russian officials stated that Ukraine launched approximately 400 drones overnight to attack Moscow and surrounding areas, injuring two people and causing several buildings to catch fire. In response, the Russian Ministry of Defense stated that Russian forces used Onyx anti-ship missiles and air-launched cruise missiles to strike facilities at the Ukrainian ports of Odessa and Yuzhny. Previously, Russia claimed to have launched attacks on Ukrainian ports and ships on Sunday, and the military operations between the two sides continue to escalate.

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

 image.png