• English
  • 简体中文
  • 繁體中文
  • Tiếng Việt
  • ไทย
  • Indonesia
Subscribe
Real-time News
On April 4th, a source told CNBC that the U.S. Senate Banking Committee will hold a hearing on April 16th to consider Kevin Warshs nomination as Federal Reserve Chairman. Another criminal investigation surrounding the Fed is ongoing, examining whether current Chairman Jerome Powell made false statements to Congress regarding the expensive renovation of the Feds office buildings. Warshs nomination process is still progressing, potentially creating a conflict between the two parallel processes pushed by the Trump administration. Banking Committee member Thom Tillis has stated that he will not vote to confirm Warsh until the investigation is complete, meaning Trump cannot proceed with both processes simultaneously. However, by continuing to push forward with the hearings, Trump is clearly still trying to achieve this goal. The Senate Banking Committee has not yet included the hearings in its public schedule.According to CNBC, the U.S. Senate Banking Committee will hold a hearing on April 16 regarding the nomination of Kevin Warsh as chairman of the Federal Reserve.Jordan reported on April 4 that it has suffered 281 missile and drone attacks from Iran since the start of the conflict. The Jordanian Armed Forces stated that Iran has launched 161 missiles and 120 drones at the country since the conflict began. According to a statement released by Petra News Agency, the military claimed to have successfully intercepted all but 20 of the incoming targets. The statement added, "All Iranian attacks targeted key facilities and locations within Jordan and were not isolated incidents."On April 4th, the Greek government completed a new round of cabinet reshuffle, with three new officials, including the Minister of Agriculture Development and Food, being sworn in. This is the second reshuffle of the Greek government since the scandal of fraudulently obtaining EU agricultural subsidies broke last year. On April 3rd, the European Prosecutors Office submitted case materials to the Greek Parliament regarding the fraudulent receipt and misuse of EU agricultural subsidy funds, involving several Greek government officials and members of parliament. Several officials, including the Minister of Agriculture Development and Food, resigned, and the Greek government subsequently announced the reshuffle plan. Since last year, the scandal of fraudulently obtaining EU agricultural subsidies in Greece has continued to escalate. The EU prosecutors investigation shows that Greek officials are suspected of issuing EU funds to ineligible farmers through forged documents, with the amount involved potentially reaching hundreds of millions of euros. In June 2025, five senior Greek government officials, including then-Minister of Migration and Asylum Markis Volidis, resigned due to their alleged involvement in the case.On April 4th, the Iranian Islamic Revolutionary Guard Corps (IRGC) issued a statement announcing that its Navy and Aerospace Forces launched the 95th wave of Operation True Commitment 4 that morning. The statement indicated that a US HIMARS rocket artillery system on Bubiyan Island in Kuwait, a US Patriot missile system in northern Bahrain, a US Navy Mark missile launch array, a gathering place for senior US commanders and instructors in the Al Dafra region of the UAE, and a US Oracle company target in the UAE were all destroyed in the operation. An Israeli-owned merchant ship flying a third-country flag was also heavily attacked by the Iranian Navy in the port of Salman, Bahrain. Furthermore, Iranian missiles launched heavy strikes from multiple locations in Israel, including Bunnebula, Petah Tikwa, and Tel Aviv. This round of operations is still ongoing.

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.