• English
  • 简体中文
  • 繁體中文
  • Tiếng Việt
  • ไทย
  • Indonesia
Subscribe
Real-time News
Russian e-commerce platform Ozon: A Ukrainian drone attacked Ozons logistics center in Saratov Oblast, Russia, causing a fire.On September 11th, nine departments, including the Ministry of Industry and Information Technology, issued the "15th Five-Year Plan for the Development of the Intelligent Connected New Energy Vehicle Industry." The plan proposes to leverage the inter-ministerial coordination mechanism for the development of the energy-saving and new energy vehicle industry, comprehensively promote the implementation of the plan, formulate key tasks and annual work priorities, and strengthen supervision, guidance, dynamic monitoring of implementation, mid-term evaluation, and summary evaluation. All regions and relevant departments are required to implement the plan effectively based on their specific circumstances, ensuring the policies are implemented efficiently. The plan emphasizes the implementation of tax incentives for new energy vehicles, deepening pilot reforms in automobile circulation and consumption, accelerating the removal of restrictive measures on automobile circulation and consumption, and innovating automobile purchase and use management models. It supports activities such as "trade-in" programs for old vehicles, the promotion of new energy vehicles in rural areas, and the upgrading of urban buses and power batteries. The plan also calls for deepening the reform of new energy vehicle insurance and optimizing the benchmark rates for commercial vehicle insurance. Finally, it emphasizes strengthening the management of cross-regional circulation of used cars and supporting the development of used car dealership models.On September 11th, nine departments, including the Ministry of Industry and Information Technology, issued the "15th Five-Year Plan for the Development of the Intelligent Connected New Energy Vehicle Industry." The plan proposes strengthening the construction of basic artificial intelligence capabilities. It promotes technological innovation in artificial intelligence models and intelligent agents, and prioritizes their application in the automotive industry. It accelerates the construction of pilot bases for automotive artificial intelligence applications, encouraging industry enterprises to build intelligent computing facilities through a combination of public and private resources. It encourages enterprises to open up more application scenarios and promote the construction of a new ecosystem for the comprehensive application of artificial intelligence technology.On September 11, nine departments, including the Ministry of Industry and Information Technology, issued the "15th Five-Year Plan for the Development of the Intelligent Connected New Energy Vehicle Industry." The plan proposes to improve the resilience and security of the industrial chain. It calls for the rolling implementation of high-quality development actions for the industrial chain, overcoming shortcomings in key basic materials, operating systems, industrial software, automotive chips, and components, making good use of policies such as first-batch materials and first-version software, and continuously expanding the scale of application. It also calls for the coordinated development of the mining and recycling of key mineral resources such as lithium, cobalt, and nickel.On September 11th, nine departments, including the Ministry of Industry and Information Technology, issued the "15th Five-Year Plan for the Development of the Intelligent Connected New Energy Vehicle Industry." The plan proposes further enhanced economic and social benefits. The automotive industrys pillar status in the national economy will be further highlighted, carbon peaking will be achieved before 2030, and the supply chain will be driven to accelerate its green and low-carbon transformation. The safety performance of vehicles equipped with autonomous driving systems will significantly exceed that of human drivers.

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