• English
  • 简体中文
  • 繁體中文
  • Tiếng Việt
  • ไทย
  • Indonesia
Subscribe
Real-time News
On September 8th, sources familiar with the matter revealed that Anthropic has decided to abandon its acquisition of artificial intelligence startup Decart AI. Anthropic reportedly explored the deal and conducted due diligence on Decart, but ultimately withdrew. One source indicated that the two companies may still explore other collaboration opportunities. Media reports in August indicated that Anthropic had been in talks to acquire Decart for approximately $6 billion, but the deal was not finalized and could potentially fall through. Decarts software can reduce AI training and operating costs by improving chip efficiency. Anthropic rarely makes large-scale acquisitions, but has been investing computing power in developing new products and serving customers in preparation for its highly anticipated IPO. Sources indicated that the company has been seeking to raise funds comparable to or greater than SpaceXs in its IPO.Japanese Finance Minister Satsuki Katayama: We will continue to work hard to maintain the orderly operation of the foreign exchange market.Japanese Finance Minister Satsuki Katayama: It is important that mortgage lenders understand the risks of higher interest rates through communication with banks.Japanese Finance Minister Satsuki Katayama: Since the joint intervention by Japan and the United States, Japans foreign exchange policy stance has not changed.Japanese Finance Minister Satsuki Katayama: We will communicate closely with the United States to ensure the orderly operation of the foreign exchange market.

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