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January 10 - According to the UN Security Council schedule, the Security Council will hold an emergency meeting on the situation in Ukraine on January 12.On January 10th, Xiaomi Auto released a statement in response to netizens questions, stating that the new generation SU7 will be equipped with the Xiaomi Super Motor V6s Plus across the entire series. In addition to the motor being jointly supplied by United Electric and Inovance Technology, Xiaomi will also introduce its own self-developed and self-produced V6s Plus Super Motor in the future to further improve production efficiency and shorten delivery cycles.On January 10th, Chen Jianye, Secretary of the Party Leadership Group and Director of the Fujian Provincial Department of Industry and Information Technology, stated that the next step will be to accelerate the digital transformation of the manufacturing industry, enhance its green foundation, and promote the transformation of industries towards "new" and "green." This includes: Deepening the implementation of the "Nine Major Actions" for comprehensive digital empowerment of industrial manufacturing; adhering to the principle of enterprise-led development, strengthening government guidance, and leveraging the role of service providers to create more transformation benchmarks, promote chain-based transformation and overall transformation, and accelerate the large-scale application of digital technologies in the manufacturing industry; Deepening and expanding "Artificial Intelligence +"; making good use of the new round of incremental policies for artificial intelligence, supporting the cultivation of industry-specific models and intelligent agents, accelerating industry adaptation and scenario expansion, and promoting the empowerment of various industries by artificial intelligence; guiding the differentiated and characteristic development of the Fuzhou-Xiamen-Quanzhou provincial-level artificial intelligence industrial parks; and carrying out in-depth energy conservation and carbon reduction special actions; closely monitoring national carbon assessment requirements, and implementing energy conservation reviews and carbon emission assessments for "high energy consumption and high pollution" projects in the industrial sector; building Fujians green advantages in manufacturing, cultivating more national and provincial-level green parks and enterprises, and promoting the construction of a number of zero-carbon parks and factories.The Consumer Bankers Association: We look forward to working with the government to ensure that Americans have access to the credit they need.The Consumer Bankers Association argues that, however, there is evidence that a 10% interest rate cap would reduce credit availability. If implemented, this would only force consumers to turn to less regulated, more expensive alternatives.

USD/CAD Depreciates Due to Weakening Yields and the Dollar

Larissa Barlow

Apr 21, 2022 09:50

USD/CAD depreciates in erratic trading as oil prices rise and Canadian data remains strong. The USD declined, while benchmark rates decreased by several basis points. Investors are selling bonds in response to fears about rising prices and dwindling economic growth prospects.

 

Despite the Federal Reserve's aggressive monetary stance, gold prices remained unchanged as benchmark yields fell. Oil prices increased as a result of a supply constraint in the United States and a lack of supply from Russia and Libya. Reduced demand and rising inflation indicate that the economy will remain in stagflation.

 

Existing house sales decreased by 2.7 percent from March 2021 to 5.77 million seasonally adjusted yearly units. March house sales were down 4.5 percent from the previous month. The data were taken in January and February, just when mortgage rates began to climb, before exploding in March. Prices are increasing as a result of the housing shortage, which increases the cost of dwellings. This condition makes it more difficult for homebuyers to obtain mortgages.

Technical Evaluation

After three days of consolidation, the USD/CAD experienced intense selling today, plunging below the critical psychological threshold of 1.25. Long-term, rising commodity prices will support the Loonie. Resistance is located near the 1.26 ten-day moving average. Support is located near the low set on April 4th, near 1.247.

 

Short-term momentum shifted negative as the fast stochastic crossed below the zero line, signaling a sell signal. Momentum is bullish but decelerating over the medium term, as the MACD line generated a crossover buy signal. When the MACD line (the 12-day moving average minus the 26-day moving average) passes the MACD signal line, this scenario occurs (the 9-day MA of the MACD line).

 

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