EUR/USD 1.16467
-0.046%
Gold 4581.65
-0.279%
Oil 81.723
0.357%
USD/JPY 159.417
0.077%
GBP/USD 1.35810
-0.112%
GBP/JPY 216.491
-0.045%
Browse More
  • English
  • 简体中文
  • 繁體中文
  • Tiếng Việt
  • ไทย
  • Indonesia
Subscribe
Real-time News
On August 27th, Bank of America reiterated its "Buy" rating on Nvidia (NVDA.O) with a target price of $350. Nvidia currently projects sales growth of approximately 70% for fiscal year 2028, significantly exceeding the market consensus forecast of 45%, and demand continues to outpace supply. Bank of America raised its future earnings per share (EPS) forecast, citing rapid ramp-up of Rubin chips, increasing AI revenue per gigawatt, and strong long-term demand. The main pressure comes from gross margin: as memory costs rise, gross margin could fall to 72% to 73%.August 27th - With the accelerated implementation of artificial intelligence applications, my countrys daily token usage has exceeded 500 trillion as of June this year. Reporters learned that the global large-scale model market is currently in its most competitive and fastest-iterating phase, and Chinese large-scale models have already entered the first tier of global competition, with token usage growing rapidly. The head of a domestic large-scale model company stated that in the first week of its official model launch, the usage of tokens (words) increased by 68 times compared to the previous generation model. Industry insiders say that current flagship AI models are updated almost monthly, and the focus of competition has shifted from simple "model intelligence" to a comprehensive competition in the implementation of intelligent agents and ecosystem building. Feng Wen, chief architect of the open platform of Xiyu Technology, said: "Our current model input price is 2.1 yuan per million tokens, and the output price is 8.4 yuan per million tokens, which is less than one-tenth of the price of some international models. The reduction in token prices has actually led to the popularization of applications and accelerated the exponential growth of the overall token usage."OpenAI: Expanding its influence in Brazil.Bilibili (BILI.O) reported a gross margin of 37.2% in the second quarter.Bilibili (BILI.O) reported revenue of RMB 7.939 billion in Q2 2026, exceeding market expectations of RMB 7.908 billion and compared to RMB 7.34 billion in the same period last year.

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