• English
  • 简体中文
  • 繁體中文
  • Tiếng Việt
  • ไทย
  • Indonesia
Subscribe
Real-time News
White House spokesperson: The agreement reached with Iran is in the interest of the American people. Iran will never possess nuclear weapons.June 23 – It has recently been learned that relevant departments have formulated a special policy to support the export of digital culture, covering online literature, online dramas, online games, animation, and digital music. The policy is currently open for public comment. In recent years, digital cultural products such as online literature, online dramas, and online games have created a "China whirlwind" globally, becoming a new engine for cultural consumption and cultural exports. The "content + platform + model" model is accelerating its overseas expansion. From January to April this year, my countrys service trade exports grew by 15%, with personal cultural and entertainment services growing by a remarkable 39.5%. Driven by policy support and industrial development, the international competitiveness of "Chinese services" continues to improve.Japanese Chief Cabinet Secretary Minoru Kihara was aware of the meeting between Finance Minister Satsuki Katayama and U.S. Treasury Secretary Bessenter; however, he declined to comment further.June 23 (KCNA) – The 2nd Enlarged Plenary Session of the 9th Central Committee of the Workers Party of Korea was held from June 20 to 22. At the meeting, Kim Jong Un, General Secretary of the Workers Party of Korea, pointed out that the actions of the US and South Korea this year have seriously deteriorated the situation on the Korean Peninsula, and North Korea will further strengthen its defense capabilities. Kim Jong Un said that since the beginning of this year, the US and South Korea have increasingly promoted activities such as increasing troop deployments in the region, even advancing South Koreas nuclear submarine program, and holding another "Nuclear Consultation Group meeting," all of which have seriously worsened the situation on the Korean Peninsula. Kim Jong Un emphasized the need to accelerate the construction of a 10,000-ton strategic missile cruiser and to focus on the research and production of conventional weapons that are of great significance to enhancing the combat capabilities of the North Korean military. He also pointed out the need to complete the ongoing fortification project on the southern border with high quality and to build a new naval fleet base to strengthen defense capabilities.Japanese Chief Cabinet Secretary Minoru Kihara: No comment on exchange rates.

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