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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 sits at the top end of a relatively narrow range for the US session, with a rare lack of downward momentum from equities continuing to firm (in a broader USD move rather than CAD-specific).
- Currently 1.3621, it’s only 0.4% higher than prior to the BoC’s surprise downshift to a 50bp hike on Wed, having remained below the post decision high of 1.3651 since then, whilst crosses such as AUDCAD have more than unwound the initial move higher despite strong Australian CPI.
- With the recent pullback in USDCAD deemed corrective, a return of a broader trend higher could see resistance at 1.3748 (Oct 25 high).
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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