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U.S. Border Affairs Director Homan: My message is consistent with the position that has been in place since President Trump took office on January 20: we will conduct large-scale deportations, but will prioritize arresting criminals and those who threaten public safety.On January 31, it was reported that on January 30 local time, the Director of the White House Office of Management and Budget issued a memo to department heads instructing agencies whose funding was due at midnight to begin preparing for a government shutdown. These agencies included the Department of Defense, Department of Homeland Security, State Department, Treasury Department, Department of Labor, Department of Health and Human Services, Department of Education, Department of Transportation, and Department of Housing and Urban Development. Russ Vought stated, “Given that Congress is clearly unable to complete its work before the funding expires, affected agencies should now implement orderly shutdown plans. Employees should report to work on time, fulfill their next regular work duties, and conduct orderly shutdown activities. The government will continue to work with Congress to address recently raised issues and complete the funding work for fiscal year 2026. We hope this shutdown will not be too long.”January 31 – According to a report in the New York Times, documents released by the U.S. Department of Justice on Friday show that billionaire businessman Howard Lutnick, who served as Commerce Secretary in the Trump administration, planned to visit Jeffrey Epsteins private island. This planned visit took place in 2012 – a time when Lutnick had previously claimed to have severed ties with Epstein. Records show that in December 2012, Lutnick emailed Epstein to inquire about his location, stating that he, his family, and another family were in the Caribbean and asking if he could join them for a meal. Epstein replied through an assistant with his location on Little St. James Island, near the coast of St. Thomas in the U.S. Virgin Islands, and the two sides finalized the arrangements for a luncheon. The documents confirm that the visit did take place: the meeting was scheduled for December 23, 2012, and the following day, Epsteins assistant forwarded Lutnick a message from Epstein that read, "Its a pleasure to see you." In recent years, the visits of prominent figures closely associated with Epstein to the island have been subject to public scrutiny, but Lutnicks planned itinerary for this trip had not been disclosed before.New Energy Vehicles: 1. Zhijie officially announced its first OTA update for the entire series this year. 2. Shanghai: Provides subsidies for car replacement and upgrades, with subsidies for purchasing new energy passenger vehicles not exceeding 15,000 yuan. 3. Chinas car dealer inventory warning index for January was 59.4%, down 2.9 percentage points year-on-year and up 1.7 percentage points month-on-month. 4. Cui Dongshu: The total number of public charging piles in December 2025 will reach 4.72 million, up 92,000 month-on-month and 1.14 million year-on-year. Integrated Circuits (Chips): 1. Alibaba clarified its "Cloud + AI + Chip" strategy, with PPU chip shipments already reaching hundreds of thousands of units. 2. Cambricon: Expects net profit of 1.85 billion to 2.15 billion yuan in 2025, turning a profit. 3. SK Hynixs first-quarter profit is expected to exceed expectations due to rising chip prices. 4. Reports indicate that Hitachi plans to divest its memory business for a maximum price of 200 billion yen. 5. Apple CEO Tim Cook: The advanced chip manufacturing technology used in the chips has led to supply constraints. Memory prices had a negligible impact on the first fiscal quarter. Artificial Intelligence: 1. Indian Science and Technology Minister: India will launch an AI model next month. 2. Alibabas 1000 Questions: The DeepPlanning benchmark has officially launched. 3. Tesla discontinues its flagship model, betting 20 billion on a million robots. 4. Li Auto executives confirm entry into humanoid robots. Other: 1. A 240-ton-class commercial reusable high-pressure staged combustion liquid oxygen-kerosene engine successfully completed a long-range test. 2. Japanese media: Apple will prioritize releasing high-end iPhone models this year. 3. Market news: Several more AI researchers and Siri team executives have recently left Apple, including Siri senior director Stuart Powers, who left to join Google.Gaza Situation: 1. Hamas: The handover of governance in Gaza is fully complete. 2. US President Trump: (Regarding the Middle East) Hamas was a key factor in the hostage release. Hamas appears to be on the verge of disarmament. 3. 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A U.S. guided-missile destroyer docked at the Israeli Red Sea port of Eilat. 2. Israel declared a senior South African diplomatic representative persona non grata and ordered him to leave Israel within 72 hours. 3. Syrian Kurdish forces stated they have agreed to integrate their military forces into the Syrian government in phases as part of a comprehensive agreement. 4. According to Syrian state television: Syrian government officials confirmed a "final agreement" with the Kurdish forces, which will be implemented immediately.

USD/CAD Bears Anticipate Additional Losses Towards $1.34

Alina Haynes

Apr 13, 2023 14:22

 USD:CAD.png

 

Following a three-day losing trend, the USD/CAD continues to trade near the weekly low around 1.3440 in the early hours of Thursday.

 

In doing so, the Loonie pair justifies yesterday's pullback from the 61.8% Fibonacci retracement of the February-March uptrend, as well as yesterday's retreat from the 100-bar Exponential Moving Average (EMA), in conjunction with negative MACD signals.

 

Notably, the RSI (14) line is approaching the oversold region, indicating the USD/CAD exchange rate has limited downside potential.

 

Consequently, a horizontal area containing multiple lows marked since March 3 around 1.3400 becomes the most crucial support for pair traders to track. In addition, the 78.6% Fibonacci retracement level encircling 1.3390 provides immediate support.

 

A irregular decline towards February's low of 1.3262 cannot be ruled out if the USD/CAD defies RSI conditions and descends below 1.3390.

 

In contrast, the 61.8% Fibonacci retracement level around 1.3490, also known as the golden Fibonacci ratio, restricts immediate USD/CAD recovery movements prior to the 1.3535 100-exponential moving average (EMA) barrier.

 

If the USD/CAD exchange rate remains firmer than 1.3535, a convergence of the 200-exponential moving average (EMA) and 50% Fibonacci retracement around 1.3565 will pose a formidable obstacle for buyers.

 

At the time of publication, USD/CAD investors should remain cautious unless they observe a clear break above the previous support line from early February, which was near 1.3670.