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According to Lighthouse Pro, as of April 11, the total box office revenue (including pre-sales) for April 2026 exceeded 500 million yuan.April 11 – The China (Inner Mongolia) Pilot Free Trade Zone was officially inaugurated on the morning of April 11, bringing the total number of free trade zones in China to 23. The China (Inner Mongolia) Pilot Free Trade Zone covers an area of 119.74 square kilometers, encompassing three areas: Hohhot Area (76.28 square kilometers, including the Hohhot Comprehensive Bonded Zone of 0.88 square kilometers), Manzhouli Area (25.11 square kilometers, including the Manzhouli Comprehensive Bonded Zone of 1.44 square kilometers), and Erenhot Area (18.35 square kilometers).On April 11th, the High-Level Forum on the Development of Intelligent Electric Vehicles (2026) was held. Su Bo, Vice Chairman of the National Manufacturing Power Construction Strategy Advisory Committee and former Vice Minister of the Ministry of Industry and Information Technology, stated that the 15th Five-Year Plan period is crucial for my countrys transformation from a major automobile producer to a leading automobile power. New energy vehicles must shoulder the national mission of building a strong manufacturing nation, a strong science and technology nation, a strong transportation nation, and achieving the "dual-carbon" goals. By 2030, new energy vehicles will become the absolute mainstay of the automobile market, with a domestic penetration rate exceeding 70%. The goal of building a leading new energy vehicle nation is expected to be achieved ahead of schedule by the end of the 15th Five-Year Plan period.NASA: The four astronauts who were on the Artemis 2 mission safely exited the spacecraft.New Energy Vehicles: 1. China Association of Automobile Manufacturers (CAAM): Chinas new energy vehicle sales reached 1.252 million units in March, a year-on-year increase of 1.2%. 2. The Netherlands became the first EU country to approve Teslas Full Self-Driving (FSD) software for road use. Other: 1. TSMCs revenue in March was NT$415.19 billion, a year-on-year increase of 45.2%. 2. The Hong Kong Monetary Authority issued the first batch of stablecoin issuer licenses to Point Point Financial and HSBC. 3. The Internet Society of China issued an initiative: not to mandate "lowest price across the entire network" or enable "automatic price matching". 4. The Cyberspace Administration of China and five other departments jointly announced the "Interim Measures for the Administration of Humanized Interactive Services of Artificial Intelligence". 5. A number of important national standards were released, including those for brain-computer interfaces, intelligent connected vehicles, semiconductor devices, and Beidou chips. 6. Automated high-frequency ticket grabbing is strictly prohibited: Ctrip, Tongcheng, Qunar, Fliggy, Meituan, Zhixing, and High-Speed Rail Butler were summoned for talks. 7. The Change-7 probe has arrived at the Wenchang launch site, and my country will deeply integrate its existing resources and capabilities in the fields of manned lunar landing and unmanned lunar exploration.

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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