• English
  • 简体中文
  • 繁體中文
  • Tiếng Việt
  • ไทย
  • Indonesia
Subscribe
Real-time News
Market sources indicate that several senior British and European officials are participating in talks between Trumps special envoy and Ukrainian President Zelensky in Kyiv. British National Security Advisor Jonathan Powell is also involved, along with national security advisors from other European countries.1. Monday: ① Data: Germanys July seasonally adjusted industrial production month-on-month; UKs August Halifax seasonally adjusted house price index month-on-month; Switzerlands August seasonally adjusted unemployment rate; Eurozones September Sentix investor confidence index, Eurozones final Q2 GDP annual rate, Eurozones final Q2 seasonally adjusted employment quarter-on-quarter rate; Chinas August foreign exchange reserves. ② Holiday: US and Canadian stock markets are closed on Monday for Labor Day; gold, silver, and oil trading ends early. 2. Tuesday: ① Data: Japans July trade balance; Germanys July seasonally adjusted trade balance; Frances July trade balance; US August NFIB small business confidence index, US August New York Fed 1-year inflation expectations; Chinas August trade balance in US dollars, Chinas August trade balance. 3. Wednesday: ① Data: Chinas August CPI year-on-year; Frances July industrial production month-on-month; US ADP employment change week-on-week for the week ending August 22. 4. Thursday: ① Data: US 10-year Treasury auction (to September 9) - winning yield, US 10-year Treasury auction (to September 9) - bid-to-cover ratio, US API crude oil inventories for the week ending September 4; Germanys final August CPI month-on-month rate; Eurozone ECB deposit facility rate (to September 10), Eurozone ECB main refinancing rate (to September 10); US initial jobless claims for the week ending September 5, US August PPI year-on-year rate, US August PPI month-on-month rate, US August existing home sales (annualized), US July wholesale sales month-on-month rate, US EIA natural gas inventories for the week ending September 4; Chinas August M2 money supply year-on-year rate. ② Events: EIA releases monthly Short-Term Energy Outlook report; OPEC releases monthly oil market report; Apple holds fall product launch event with the theme "Shine New Chapter"; ECB President Lagarde delivers a speech at the Bundesbank official dinner; TSMC releases August 2026 revenue report; ECB President Lagarde holds monetary policy press conference [simultaneous interpretation]. 5. Friday: ① Data: US EIA crude oil inventories for the week ending September 4, US EIA Cushing, Oklahoma crude oil inventories for the week ending September 4, US EIA strategic petroleum reserves for the week ending September 4; UK July three-month GDP month-on-month rate, UK July manufacturing output month-on-month rate, UK July seasonally adjusted goods trade balance, UK July industrial production month-on-month rate; Swiss August consumer confidence index; US August unadjusted CPI year-on-year rate, US August seasonally adjusted CPI month-on-month rate, US August seasonally adjusted core CPI month-on-month rate, US August unadjusted core CPI year-on-year rate, US September one-year inflation rate expectations preliminary value, US September University of Michigan consumer sentiment index preliminary value. ② Events: A new round of domestic refined oil price adjustments will begin; IEA releases monthly oil market report. 6. Saturday: ① Data: US total number of oil rigs for the week ending September 11. ② Events: ECB President Lagarde delivers a speech.US President Trump: The imbalance between the Canadian dollar and the US dollar is unacceptable. This situation has persisted for years, but it can no longer be tolerated!Ukrainian President Zelenskyy: The European security advisor will participate in talks on Sunday in Kyiv with the US envoy to end the Russia-Ukraine conflict. The meeting has begun.On September 6th, according to the Shanxi Economic Daily, on September 4th, the Shanxi Provincial Development and Reform Commission and the Provincial Private Economy Bureau released the third batch of projects recommended to private capital for 2026. It is reported that this batch includes 30 projects with a planned total investment of 30.4 billion yuan and a planned introduction of 14.4 billion yuan of private capital. The projects cover multiple key sectors, including 12 industrial projects (including key industrial chain and supply chain projects), 11 major engineering and infrastructure improvement projects, 2 user-paid franchise projects, and 5 other types of projects.

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