• English
  • 简体中文
  • 繁體中文
  • Tiếng Việt
  • ไทย
  • Indonesia
Subscribe
Real-time News
The National Highway Traffic Safety Administration (NHTSA) has announced that Ford is recalling 387,911 vehicles in the United States because seats may shift unexpectedly and fail to properly restrain occupants in a collision, increasing the risk of injury.On July 18th, according to the Financial Times, the UK Financial Conduct Authority (FCA) released updated regulatory data this week on short sellers bets on UK listed companies under new rules. The data contained several obvious errors, raising questions about the quality of information provided under the new disclosure regime. Previous regulations required the public disclosure of the specific names of hedge funds and investors holding significant short positions, but the new rules have removed this requirement. Instead, the regulator will now disclose the total short positions for each stock in an aggregated manner. The FCA released this data after the new rules came into effect. However, according to an analysis by data provider Breakout Point, the new information released by the FCA contains several obvious errors. Some positions were subsequently deleted or altered without leaving any record of the changes. The data also includes positions from several years ago, which are highly unlikely to still exist. Ivan Kosovich, founder of Breakout Point, stated that initial problems might be understandable and the situation is improving, but "hidden alterations" in official market records should not become the norm.Bahrains Ministry of Defense said it intercepted multiple Iranian airstrikes on Saturday.The China Earthquake Networks Center officially reported that a 4.3-magnitude earthquake occurred at 13:47 on July 18 in Akto County, Kizilsu Kirghiz Autonomous Prefecture, Xinjiang (38.71 degrees north latitude, 75.07 degrees east longitude), with a focal depth of 10 kilometers.The Kuwaiti military stated that Kuwait is currently intercepting missiles and drones launched from Iran.

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