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French Finance Minister: The bond market tells us that economic uncertainty is very high.On May 18, it was learned that Israeli Prime Minister Benjamin Netanyahus lawyers had filed a motion with the court to cancel his scheduled hearing on corruption charges scheduled for that day. The hearing was originally scheduled to begin at 9:30 a.m. local time, but Netanyahus lawyers requested its cancellation for "diplomatic and security reasons," a situation that has occurred multiple times before. As of now, the judge in the case has not yet ruled on whether to grant the request.On May 18th, Tencents AI-powered design collaboration platform, Ardot, officially launched its public beta. Ardot is a multi-user, real-time collaborative UI/UX design tool primarily aimed at designers and product managers, covering the entire software design process from visual design and code delivery to team collaboration and asset transfer. Users can describe interface requirements using natural language, and Ardot generates editable initial design drafts in real-time, converting them to code with a single click. It also supports direct import of Figma files, fully preserving the original layout, styles, and components, achieving zero-cost migration.On May 18th, the official WeChat account of Qianwen Big Model released a teaser, stating that a "heavyweight new friend" will be joining the Alibaba Cloud Summit on May 20th. The official keywords for this new product include: more versatile, more powerful, more in-depth, and more comprehensive.On May 18th, it was reported that the technology sector, represented by optical modules and domestic computing power, has once again become the focus of investment. Yang Lingfeng, fund manager of Rongtong Technology Select Fund, believes that the continuous expansion of application scenarios for large-scale artificial intelligence (AI) models is driving a significant increase in token consumption, and the industrys computing power supply has entered a tight phase. The high prosperity of the AI industry chain has a solid industrial foundation, and its growth logic is clearly visible. In his view, the AI industry includes three closely related links: computing power, models (algorithms), and applications. From the industry perspective, AI is still in the investment phase, with strong demand for computing power, while the pace of application implementation and performance realization is at its fastest in history. Yang Lingfeng analyzed that model manufacturers invested heavily in training computing power in the early stages, and subsequent investment growth has been relatively stable. With the rapid increase in AI penetration, inference computing power is showing exponential growth. According to NVIDIAs calculations, inference computing power demand accounted for 40% of total computing power demand in 2024, and it is expected that inference computing power will officially surpass training computing power in 2025.

USD/CAD Bears In Control And Aiming At Support Zone Lows

Alina Haynes

Apr 04, 2023 13:53

USD:CAD.png 

 

The USD/CAD exchange rate is unchanged on the day after a succession of negative impulses drove the price into new territory to the downside and deeper into a support region as a result of the oil price rally. The USD/CAD exchange rate was 1.3431 at the time of writing.

 

Monday's 6.3% rise in West Texas Intermediate WTI crude oil to an intraday high of $81.51 strengthened the CAD. The oil price surged after the OPEC+ cartel surprised the market with a production cut of 1.1 million barrels per day to support prices, with the cartel announcing that it will reduce output prior to Monday's ministerial meeting.

 

Analysts at TD Securities observed that the Bank of Canada's Business/Consumer Surveys painted a more dovish picture ahead of the April BoC meeting, with a marked improvement in capacity pressures and consumer inflation expectations.

 

Analysts noted that firm-level inflation expectations continue to be elevated and that consumer growth and income expectations have also increased since the fourth quarter.

 

''The Bank of Canada should be pleased with these results, which indicate a decline in capacity pressures and a moderation in inflationary pressures. However, inflation expectations remain a formidable impediment to near-term relief. If growth does not decelerate substantially in the second quarter, it may be difficult for the Bank of Canada to keep rates at 4.50 percent. Analysts believe that the report is optimistic for CAD.


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