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The Xiaomi N90 Max Explorer Edition is priced at 299,900 yuan.The Xiaomi N90 Max is priced at 269,900 yuan.On September 7, local time, European Commission President Ursula von der Leyen, during her visit to Greenland, a self-governing territory of Denmark, signed a joint statement with Danish Prime Minister Jean-Michel Frederiksen and Greenlandic Prime Minister Jens-Frederik Nilsson on EU-Greenland relations. At a press conference, von der Leyen stated that the EU will deepen connectivity with Greenland and strengthen cooperation in areas such as clean energy and key raw materials. She also announced a partnership investment plan totaling approximately €200 million for related investments and cooperation in Greenland from 2026 to 2027. In addition to economic and infrastructure cooperation, the EU will also strengthen its support in areas such as housing, tourism, education, and youth exchanges. Von der Leyen stated that in the next budget cycle until 2034, EU financial support for Greenland will increase to approximately €530 million, further expanding long-term cooperation between the two sides. Von der Leyen also reiterated the EUs support for Denmark and Greenland, emphasizing that the future of Greenland should be decided by the people of Greenland and Denmark.At the start of the night trading session, domestic futures contracts showed mixed performance. Fuel oil, asphalt, and low-sulfur fuel oil (LU) rose by more than 2%, while benzene, methanol, and SC crude oil rose by more than 1%, and palm oil and liquefied petroleum gas (LPG) rose by nearly 1%. On the downside, soda ash, coking coal, ethylene glycol (EG), and coke fell by more than 1%, while polyvinyl chloride (PVC) fell by nearly 1%.September 7th - According to foreign media reports, Iraq is struggling to find buyers for crude oil loaded from the Persian Gulf this month. The Iraqi National Oil Marketing Organization (SOMO) significantly reduced its crude oil discounts last week, effectively raising prices. Months ago, Iraq offered low-price deals to attract traders to reload Iraqi crude oil amid high shipping costs and the dangers of crossing the Strait of Hormuz. An Iraqi government spokesperson said on Friday that the country is seeking to charter tankers to transport crude oil through the Strait of Hormuz. SOMOs predicament highlights the continued hesitation of buyers to take delivery within the Persian Gulf. Several regional oil-producing countries are offering shipping options outside the Strait of Hormuz via ship-to-ship transshipment in the Gulf of Oman, but the crude oil still needs to be transported out of the waterway. Saudi Arabia continues to supply crude oil from the Persian Gulf and has kept the price of its flagship Arab Light crude unchanged for October, contrary to market expectations of a significant price increase. SOMO has also offered buyers options for delivery from locations outside the Persian Gulf, but this plan has not yet materialized, partly because prices mean that not enough companies are willing to undertake the transportation through the Strait of Hormuz.

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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