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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
- USDCAD returns to marginally lower on the day at ~1.336 having spiked to a session high of 1.3413 in fallout after the NYSE trading open saw an unusual number of halted stocks before equities recovered.
- The pair has kept within yesterday’s range, with an early session low of 1.3347 stopping just shy of initial support at yesterday’s low of 1.3342.
- Ahead of tomorrow’s BoC decision, a bearish threat is seen present with a renewed push lower potentially opening 1.3317 (Nov 24/25 lows) whilst to the upside sits the 20-day EMA at 1.3460.
- Recall last week’s CFTC positioning put CAD net shorts at -20% of OI, close to recent lows at levels it hasn’t tended to hold for more than a few weeks in the past two years.
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.
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