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On January 23, according to the official WeChat account of the Henan Provincial Department of Science and Technology, heat sinks are a new member of the diamond family, enabling superhard materials to successfully enter the new track of high-end chip heat dissipation. Huanghe Whirlwind stated that by cutting the required shape from the heat sink and fitting it onto the chip in a certain way to create a top-tier heat sink, this will greatly promote the improvement of high-power devices, 5G/6G communication, and AI computing performance. Now, the size bottleneck restricting industrialization has been overcome; Huanghe Whirlwind has successfully developed the largest mass-producible 8-inch heat sink in China. It is reported that the companys heat sink production workshop will be put into mass production in February this year, marking a milestone for functional diamond from the laboratory to large-scale commercial applications.On January 23, it was reported that the "Special Policy (Trial) for Supporting the Agglomeration and Development of the Commercial Aerospace Industry in Liangshan Prefecture" was recently issued. This special policy covers the entire industry chain and focuses on key aspects, encompassing areas such as support for enterprise establishment, encouragement of R&D and innovation, promotion of application scenarios, and guarantee of industrial elements. It clearly states that the Western Commercial Aerospace Port will serve as the core driver, with the creation of application scenarios as a breakthrough point. It aims to establish a "first order, first use, first procurement" mechanism for commercial aerospace technologies and products, focusing on supporting enterprises to expand integrated business models such as "aerospace + low-altitude economy," "aerospace + specialty agriculture," and "aerospace + cultural tourism," promoting substantial breakthroughs in industrial applications, and building a virtuous cycle ecosystem where "launch creates the market, the market drives technology, and technology drives the industry."JPMorgan Chase raised its price target for Intel (INTC.O) from $30 to $35.A-share autonomous driving concept stocks fluctuated higher, with NavInfo hitting the daily limit, Jingwei Hengrun and ST Saiwei rising by more than 15%, and Zhejiang Shibao and Hanxin Technology also rising sharply. In terms of news, Tesla Chinas head stated that Teslas FSD is currently progressing in the Chinese market, and there are no new developments to disclose at this time.January 23 - According to Reuters, Tesla CEO Elon Musk revealed at the World Economic Forum in Davos, Switzerland on January 22 that Teslas driver-supervised Full Self-Driving (FSD) system is expected to be approved in China as early as next month, potentially close to its approval timeline in Europe. However, a Tesla China representative responded that "no information can be provided." The representative also stated that Teslas FSD project is currently progressing in the Chinese market, and there are no new developments to disclose at this time.

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

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