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On May 28, the Shenzhen Stock Exchange 2026 Global Investors Conference opened in Shenzhen. The theme of the conference was "Capital Markets and Innovative Growth – Chinas Opportunities under the 15th Five-Year Plan." Liu Haoling, Vice Chairman of the China Securities Regulatory Commission (CSRC), stated that the CSRC will resolutely implement the decisions and deployments of the CPC Central Committee and the State Council, continuously deepen the comprehensive reform of capital market investment and financing, and systematically plan and launch more powerful reform and opening-up measures to address the "variables" of the international environment with a "constant" approach of coordinated development and win-win cooperation.On May 28, the 2026 Global Investors Conference, hosted by the Shenzhen Stock Exchange, was held in Shenzhen. Liu Haoling, Vice Chairman of the China Securities Regulatory Commission (CSRC), stated in his address that Chinas comprehensive reforms to investment and financing in the capital market have been progressing steadily and effectively, with overall market valuations remaining within a reasonable range, and foreign investors willingness to allocate to high-quality Chinese assets continuously increasing.On May 28th, the 2026 Global Investors Conference, hosted by the Shenzhen Stock Exchange, was held in Shenzhen. Liu Haoling, Vice Chairman of the China Securities Regulatory Commission (CSRC), stated in his address that China is a major contributor to and a stabilizing force for global economic growth, and a fertile ground for foreign investment. Since the beginning of this year, foreign capital has steadily flowed into the Chinese stock market through various channels. As of now, overseas investors hold over 4 trillion yuan in A-share market capitalization, becoming significant participants in Chinas capital market.On May 28th, European Central Bank Chief Economist Lane stated on Thursday that even if the Middle East conflict is resolved quickly, the resulting energy shock could still have a lasting impact on inflation. While historically, oil prices tend to fall back to their original levels after a surge, the current situation may be different as countries replenish their inventories or adjust their energy mix, potentially keeping energy costs high. Lane stated, "Global oil supply experienced a fairly rapid and significant drop overnight, a situation previously masked by inventories. Even as the initial energy shock begins to subside, the second wave of effects will continue for some time." Lane indicated that some policy lessons can be learned from past energy shocks, such as how rising energy costs can suddenly push up inflation and trigger "various non-linear" mechanisms, thus broadening the scope of price increases. "But this is different from the non-linear situation four years ago," when supply disruptions caused by the war in Ukraine and strong demand from the economic reopening following the COVID-19 pandemic jointly pushed up inflation. Lane stated that central banks must face any major shocks and their potential impact on inflation, but should avoid overreacting when formulating monetary policy.On May 28, the 2026 Global Investors Conference, hosted by the Shenzhen Stock Exchange, was held in Shenzhen. Liu Haoling, Vice Chairman of the China Securities Regulatory Commission (CSRC), stated in his address that since the implementation of the "Trial Measures for the Administration of Overseas Issuance and Listing of Securities by Domestic Enterprises" in 2023, the management of overseas listing registration has been generally stable and orderly. As of April 2026, the CSRC has processed 418 initial public offering (IPO) registration applications from domestic enterprises, supporting companies in making good use of both domestic and international markets and resources.

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

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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.