• English
  • 简体中文
  • 繁體中文
  • Tiếng Việt
  • ไทย
  • Indonesia
Subscribe
Real-time News
Polish Armed Forces: Poland suspended fighter jet flights due to Russias attack on Ukraine; no airspace violations were recorded.The China Earthquake Networks Center officially reported that a magnitude 2.8 earthquake occurred at 10:38 on July 2 in Kangding City, Ganzi Prefecture, Sichuan Province (29.91 degrees north latitude, 101.95 degrees east longitude), with a focal depth of 7 kilometers.July 2nd - Three mandatory national standards for the photovoltaic (PV) industry were officially approved and released today. These standards establish rigid energy consumption and efficiency constraints across the entire PV industry chain, from silicon materials and wafers to PV modules and inverters. By standardizing these standards, the green management system of the PV industry chain is improved, providing institutional support for the high-quality development of the new energy industry. The Ministry of Industry and Information Technology, in conjunction with the National Development and Reform Commission and the State Administration for Market Regulation, released three mandatory national standards for PV energy consumption and efficiency: "Energy Consumption Limits per Unit Product of Monocrystalline Silicon," "Energy Efficiency Limits and Energy Efficiency Grades for Crystalline Silicon PV Modules and Inverters," and "Energy Consumption Limits per Unit Product of Polycrystalline Silicon and Germanium." These standards cover key links in the PV industry chain, including polycrystalline silicon, wafers, modules, and inverters. They set energy consumption and efficiency indicators for relevant products at different levels, strictly controlling high-energy-consuming and inefficient production capacity at each stage. For modules, the standards innovatively incorporate the coupling environment stress attenuation rate evaluation index. Next, relevant industry organizations will accelerate the dissemination, interpretation, and implementation of these standards to solidify my countrys global competitiveness in the PV industry and support the green and low-carbon transformation of energy and the achievement of "dual-carbon" goals.SK Hynix announced on Thursday that it plans to invest 80 trillion won (approximately US$51.46 billion) to build a new NAND flash memory chip factory, expected to begin operations in 2029, to address the memory chip shortage driven by the AI boom. According to the plan announced at an event attended by the companys CEO and South Korean President Lee Jae-myung, the CEO stated that SK Hynix plans to begin construction of the new factorys M17 phase in Cheongju, South Korea, next year. In addition, the chipmaker plans to invest another 20 trillion won to build a chip packaging plant in Cheongju, expected to be completed by the end of 2027.July 2nd - Market research firm CounterPoint Research predicts that after the launch of Apples first foldable phone, it will capture 29% of global foldable phone screen shipments in 2026.

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