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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
- CAD trades towards the lower end of majors with USDCAD -0.4% around 1.34 amidst a softer USD, having climbed off session lows.
- It’s a further net pullback after yesterday’s clearance of the 50-day EMA of 1.3453. A firm break and close above this average could ultimately expose 1.3571 (Nov 10 high) whilst to the downside lies initial support at 1.3301 (Nov 18 low).
- Correlation with Can-US yield differentials has increased again and helps weigh on CAD (2Y -59bp, 10Y -74bp), with Canadian retail sales and Rogers plus Fedspeak ahead.
USDCAD continues to hover around EMAsSource: 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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