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April 20th - It was learned today at the 2026 China Intellectual Property Protection High-Level Forum that my countrys intellectual property protection system for emerging fields such as artificial intelligence, big data, and gene technology is continuously improving. Pilot programs for data intellectual property protection have been conducted in 17 provinces and municipalities across the country. By the end of 2025, these pilot areas had cumulatively received over 100,000 data intellectual property registration applications and issued over 48,000 registration certificates. Focusing on emerging industries such as next-generation information technology and artificial intelligence, 81 national-level intellectual property protection centers and 50 rapid rights protection centers have been established nationwide, providing innovative entities in emerging fields with a "one-stop" service integrating rapid pre-examination and rapid rights protection.On April 20th, the Foshan Municipal Housing and Urban-Rural Development Bureau officially released the "Notice on Organizing the First Batch of Trade-in Programs for Commercial Housing." This is not merely a simple encouragement document; it is a comprehensive solution that systematically addresses bottlenecks in the trade-in process through innovative models and a combination of policies. It aims to shift the real estate market from a "one-sided buying and selling" model to a "virtuous cycle of existing and new housing stock," achieving a win-win situation for citizens, businesses, and the market. The innovation of Foshans "trade-in" policy lies in the participation of multiple real estate companies: Foshan Anju, Chancheng Anju, Nanhai Youju, Shunde Chengtie, Gaoming Airport Construction, and Sanshui Anju act as the acquiring entities; while Foshan Chenfa, Foshan Urban Renewal, Foshan Lianzhi, Heyue Yaji, Shunkong Chengtou, Yongdeli Commerce, Sanshui Chanfa, and Miaohui Real Estate provide new housing units. This model determines the value of the old housing through negotiation and establishes a "contract termination protection period" to avoid blindly lowering prices, thereby creating a closed loop of "selling old and buying new" and acting as a market stabilizer.On April 20th, the National Energy Administration released data on total electricity consumption in March. From January to March, total electricity consumption reached 2,514.1 billion kilowatt-hours, a year-on-year increase of 5.2%. By sector, primary industry electricity consumption was 33.6 billion kilowatt-hours, a year-on-year increase of 7.1%. Secondary industry electricity consumption was 1,598.7 billion kilowatt-hours, a year-on-year increase of 4.7%; among which, industrial electricity consumption was 1,583.6 billion kilowatt-hours, a year-on-year increase of 4.9%, and high-tech and equipment manufacturing electricity consumption was 274.6 billion kilowatt-hours, a year-on-year increase of 8.6%. Tertiary industry electricity consumption was 483.3 billion kilowatt-hours, a year-on-year increase of 8.1%; among which, charging and swapping services and internet data services consumed 37.6 billion and 22.9 billion kilowatt-hours respectively, with growth rates reaching 53.8% and 44.0% respectively. Residential electricity consumption was 398.5 billion kilowatt-hours, a year-on-year increase of 3.4%.On April 20th, Futures News reported that Shandong Petrochemical Co., Ltd. released Shandong local refinery price data for April 20, 2026: 1. International oil price benchmark: WTI was $86.95, up 5.25%; Brent was $94.85, up 4.96%. 2. Average price and changes of refined oil products: The average price of 0# diesel was $7278, up $61; the average price of 92# gasoline was $8032, up $65; the average price of 95# gasoline was $8113, up $63. 3. Distribution of refineries with the highest prices: Dongming was the refinery with the highest prices for 0# diesel, 92# gasoline, and 95# gasoline on that day; among the refineries with the lowest prices, Weirun was the refinery with the lowest prices for 0# diesel, and Xintai was the refinery with the lowest prices for 92# and 95# gasoline.Chinas total electricity consumption in March was 859.5 billion kilowatt-hours.

As investors wait for US/Canada employment data, the USD/CAD trading range is limited to 40 pips

Daniel Rogers

Apr 06, 2023 13:36

 USD:CAD.png

 

The USD/CAD pair retraced below 1.3450 in the early Asian session as the US Dollar Index (DXY) lost upside momentum after reaching the key resistance level of 102.00. As investors anticipate the release of the United States/Canada Employment data, the Canadian dollar is expected to deliver a dazzling performance.

 

As a consequence of a decline in Job Openings and sluggish additions of new positions, as measured by Automatic Data Processing, firms have slackened recruitment efforts, thereby alleviating the tight US labor market. (ADP). This has led to expectations that the Federal Reserve (Fed) will keep interest rates unchanged at its May meeting.

 

In the interim, S&P500 futures have resumed their downward trend, indicating a cautious market sentiment.

 

Employment data will influence the Canadian Dollar. The consensus estimate for Net Change in Employment is 12K, which is a decrease from the previous release of 21.8K. The estimated unemployment rate is 5.1%, up from 5.0% previously.

 

The USD/CAD exchange rate is exhibiting an Inverted Flag pattern on an hourly time frame. The Inverted Flag is a trend-following pattern that consists of a protracted consolidation followed by a decline. Participants prefer to enter an auction after a bearish bias has been established, and current vendors increase their position size during the consolidation phase of a chart pattern.

 

The Canadian dollar was unable to maintain a position above the 50-period Exponential Moving Average (EMA) at 1.3458, indicating that further declines are imminent.

 

Meanwhile, the Relative Strength Index (RSI) (14) has an upper limit of 60.00. A violation of the unfavorable 20.00-40.00 range will trigger downward momentum.

 

A break below the low of April 04, 1.3406, would expose the asset to a fresh six-week low around 1.3350, the low of February 6 followed by round-number support at 1.3300.

 

In an alternative scenario, a move above the psychological resistance of 1.3500 would lend momentum to US Dollar supporters, propelling the asset toward the 31- and 29-March highs of 1.3559 and 1.3619, respectively.


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