EUR/USD 1.16726
-0.085%
Gold 4672.86
-0.457%
Oil 94.886
-0.788%
USD/JPY 159.831
0.066%
GBP/USD 1.34531
-0.097%
GBP/JPY 215.028
-0.028%
Browse More
  • English
  • 简体中文
  • 繁體中文
  • Tiếng Việt
  • ไทย
  • Indonesia
Subscribe
Real-time News
April 24th - According to Al Jazeera, former US Ambassador to Bahrain Adam Ereli stated, "While the US blockade of Iranian ports and the seizure of ships carrying Iranian oil as a policy makes sense, it may not achieve its intended effect due to domestic political considerations in the US. The Iranians are prepared for this possibility. They have their own plans. They have alternative methods to store or sell their oil, and even if their oil runs out, they have ways to survive under a very harsh blockade and sanctions regime. Frankly, I think Iran will outlast Trumps patience and the patience of the American people. Remember, this war is not just about moving soldiers, ships, and planes on a map. It also involves domestic political factors in the US. Trump is extremely sensitive to political winds. For this reason, I think Trump is currently pursuing this Iran strategy on one hand, and facing an election strategy on the other. The question is, on which issue will he concede first?"JPMorgan Chase lowered its price target for Blackstone Group (BX.N) from $142 to $136.On April 24th, it was reported that in March 2026, the national electricity market transaction volume reached 635.5 billion kWh, a year-on-year increase of 25.9%. From January to March 2026, the cumulative national electricity market transaction volume reached 1,841.6 billion kWh, a year-on-year increase of 25.6%. In terms of transaction scope, intra-provincial transactions amounted to 1,472.6 billion kWh, a year-on-year increase of 29.3%; inter-provincial and inter-regional transactions amounted to 369 billion kWh, a year-on-year increase of 12.6%. In terms of transaction types, medium- and long-term transactions totaled 1,594.9 billion kWh; spot transactions totaled 246.7 billion kWh. Green electricity transactions reached 75.6 billion kWh, a year-on-year increase of 3.1%.On April 24th, the State Council Information Office held a press conference on the "Annual Report on Chinas Work in Combating Infringement and Counterfeiting (2025)". Bai Qingyuan, Deputy Director of the State Administration for Market Regulation, stated that in recent years, facing the new challenges brought about by the rapid development of online transactions, especially live-streaming e-commerce, the State Administration for Market Regulation has continuously strengthened the construction of institutional mechanisms and enhanced the routine supervision of the platform economy. This includes: 1) improving rules and regulations; 2) strengthening regulatory enforcement; and 3) deepening administrative guidance. Going forward, the Administration will continue to strengthen the supervision of online transactions, especially live-streaming e-commerce, and investigate and punish all kinds of illegal and irregular activities in accordance with the law to better protect the legitimate rights and interests of consumers.On April 24, according to Tianyancha Intellectual Property Information, Honor Terminal Co., Ltd. recently applied to register the trademark "Honor Robot Lightning" in the international classification of scientific instruments. The trademark is currently awaiting substantive examination.

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.


Suggestion