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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 touches session lows of 1.324 having earlier risen on strong US data to a high of 1.3286 that ultimately failed to meaningfully clear firm resistance at the 20-day EMA of 1.3283.
- The SEPH report for April was mixed (payrolls -25k allowing for the PSAC strike and the vacancy rate pushed lower, but fastest fixed weight Y/Y wage growth since July) but CAD nevertheless outperforms all other majors except for the AUD today after recent post-CPI underperformance.
- Tomorrow sees key releases with monthly GDP for Apr final/May advance at 0830ET before the twin BoC surveys at 1030ET.
- Recent increases in the pair have been deemed corrective with support eyed at 1.3190 (Jun 28) and ultimately the key 1.3117 (Jun 27 low) but a renewed push higher on dovish factors in those releases or strong US core PCE could open 1.3355 (Jun 15 high).
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.
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