• English
  • 简体中文
  • 繁體中文
  • Tiếng Việt
  • ไทย
  • Indonesia
Subscribe
Real-time News
Metsera: Pfizer and Metsera reached an amendment to their merger agreement, under which Pfizer will acquire Metsera for up to $86.25 per share.Nvidia CEO Jensen Huang: Demand for Blackwell chips is very strong.November 8th - We expect September GDP to contract by 0.1% month-on-month. While retail sales grew by 0.5% month-on-month, we see weakening momentum in other sectors of the service sector due to weaker survey data, including a drop in the services PMI to 50.8. Furthermore, we expect a contraction in the production sector following a strong performance in August. In particular, we anticipate that the Jaguar Land Rover production halt will drag down results, leading to a significant decline in monthly car production and impacting the broader supply chain. Our estimates suggest that third-quarter GDP will grow by 0.2% quarter-on-quarter, consistent with the Bank of Englands estimate.November 8th - According to the latest report from the World Platinum Investment Council, the global platinum market is entering a period of sustained shortage. From the supply side, global platinum supply is highly dependent on South Africa, and mine expansion cycles can take up to three years. Faced with strong market demand, the supply side is struggling to respond quickly, meaning that the industrys structural deficit will persist for years to come, further exacerbating the tight supply situation.A U.S. judge ruled that Trumps order for the National Guard to go to Portland, Oregon, was illegal.

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