• English
  • 简体中文
  • 繁體中文
  • Tiếng Việt
  • ไทย
  • Indonesia
Subscribe
Real-time News
Citigroup raised its price target for Alphabet (GOOGL.O) from $343 to $350.Brazilian economists project inflation at 4.33% in 2025, up from a previous forecast of 4.36%. GDP growth is projected at 2.26% in 2025, up from a previous forecast of 2.25%. The benchmark interest rate is projected to be 12.25% by the end of 2026, up from a previous forecast of 12.13%. The Brazilian real is projected to be worth 5.43 against the US dollar by the end of 2025, up from a previous forecast of 5.40.Honeywell (HON.O) shares fell 3.6% in pre-market trading.An EU spokesperson issued a statement regarding the US appointment of a special envoy to Greenland, stating that upholding Denmarks territorial integrity, sovereignty, and the inviolability of its borders is of paramount importance to the EU.On December 22nd, AJ Bell analyst Danni Hewson pointed out that the latest revised data on the UK economy paints a picture of a difficult road ahead. Although the third-quarter GDP growth rate remained unchanged at 0.1%, the second-quarter growth rate was revised down to 0.2% (from 0.3%), highlighting the continued weakness in economic momentum. Dragged down by the uncertain fiscal budget outlook, the Bank of England expects economic growth to stagnate in the final months of 2025, and the economy still faces numerous challenges. However, the UK is not an isolated case; despite the downward revision of the second-quarter data, its overall performance in the first half of the year still ranked among the top in the G7. Furthermore, there are signs that household spending is strengthening. With interest rates falling slightly, the household savings rate has declined, indicating that consumers may be gradually loosening their purse strings.

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