Free Trial
Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
CANADA
- Canadian front-end rates/yields may be keeping track with the US, preserving relatively small yield differentials, but this hasn’t stopped USDCAD from climbing +1.0% today at 1.2711 (just off 1.2726).
- It’s cleared multiple resistance levels, including the bull trigger at 1.2676 (Apr 13 high) and most recently 1.2711 (61.8% retracement of the Mar8-Apr5 bear leg), next opening 1.2786 (76.4% retracement).
- It sees a 2.1% swing from yesterday’s low of 1.2459, taking from the pair from the bottom through the top of the 1.24-1.27 range CIBC strats thought it should trade in within just two sessions.
- Next major CAD driver likely BoC Gov Macklem at the House finance committee on Monday at 1100ET.
Source: Bloomberg
Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
We are facing technical issues, please contact our team.
ok
Your request was sent sucessfully! Our team will contact you soon.
ok