• English
  • 简体中文
  • 繁體中文
  • Tiếng Việt
  • ไทย
  • Indonesia
Subscribe
Real-time News
June 12th - Data released by the Federal Reserve on Thursday showed that the size of U.S. commercial paper increased in the week ending June 10th. In the latest week, seasonally adjusted outstanding U.S. commercial paper increased by $11.4 billion to $1.413 trillion. Unadjusted outstanding commercial paper decreased by $6.9 billion to $1.466 trillion. Some analysts believe that the unadjusted data is more reliable than the seasonally adjusted data because the latter is distorted by the financial crisis. Unadjusted outstanding commercial paper from foreign financial institutions decreased by $7.2 billion to $356 billion.On June 12, the commander of the Hatem Anbia Central Headquarters of the Iranian Armed Forces stated that the United States, while talking about agreements and negotiations, is simultaneously taking malicious actions with ulterior motives. This blatant contradiction between US words and deeds is the root cause of instability in the region, jeopardizing trade security, the international economy, and the security of all nations, especially the Strait of Hormuz. We warn that if the United States attempts to attack Iran again, it will face a much harsher response than before, the conflict will become more widespread and escalate, and the region will descend into insecurity. In light of the recent US threats to strike Iranian oil infrastructure, we hereby declare: oil and gas exports are either open to everyone or closed to everyone.The U.S. Treasury Department website shows that the United States has imposed sanctions on Union Cuba Petroleo.On June 12, two sources familiar with the matter in the United States revealed that the area lockdown and evacuation at the Pentagon that morning were triggered by a false alarm. Earlier that day, multiple sources and local fire departments stated that due to a "hazardous materials incident," several floors and corridors within the Pentagon were locked down, and personnel in some areas were evacuated. A Pentagon spokesperson issued a statement via email stating: "An abnormal air quality was detected in the buildings systems, necessitating preventative measures until the cause is determined. The Department of Defense has issued a shelter-in-place order for the affected areas. Emergency response teams are on standby to provide support to those inside the building."UN Secretary-General António Guterres urged all parties to restore the implementation of the comprehensive ceasefire to avoid further escalation of the situation. He called on the United States and Iran to redouble their efforts to reach a peaceful, comprehensive, and lasting agreement.

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