• English
  • 简体中文
  • 繁體中文
  • Tiếng Việt
  • ไทย
  • Indonesia
Subscribe
Real-time News
July 9th - According to China.com, the State Council Information Office will hold a press conference at 10:00 AM on Tuesday, July 14th, 2026, where Wang Jun, Deputy Director of the General Administration of Customs, will introduce the import and export situation in the first half of 2026 and answer questions from reporters.July 9th - Following the second consecutive day of US strikes against Iran, the fragile ceasefire agreement between the two countries is increasingly unstable, bringing traffic in the Strait of Hormuz to a near standstill on Thursday. Ship tracking data shows that observable traffic on this vital global energy corridor is concentrated primarily on the northern side of the waterway, via Iranian-approved routes, while the US-backed Oman corridor is virtually deserted. Among large vessels, only one very large crude carrier (VLCC) sanctioned by the US has left the Persian Gulf, while one container ship flying the Iranian flag was seen in the strait. However, it cannot be ruled out that some vessels may have passed through the strait with their transponders switched off. This contrasts sharply with recent daily activity in the Strait of Hormuz. Kpler data shows that in the three weeks since the US and Iran reached a temporary agreement to reopen the Strait of Hormuz, the average daily transit of cargo ships has been 34, peaking at 59 on June 24th, compared to less than 20 on most days during the war.July 9th - According to a press conference held today by the National Forestry and Grassland Administration, as part of the APEC China Year series of events, under the guidance of the Ministry of Natural Resources, the National Forestry and Grassland Administration, the Peoples Government of Guangdong Province, and the Peoples Government of Shenzhen Municipality will convene the APEC Forestry Ministerial Meeting in Shenzhen from July 27th to 28th. The theme of the meeting is "Building a Green Asia-Pacific and Sharing Ecological Benefits".MINIMAX-W (00100.HK) fell by more than 10%.New York silver futures fell below $58 per ounce, down 1.21% on the day.

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