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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.
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Get the latest on Central Bank Policy and FX & FI Markets to help inform both your strategic and tactical decision-making.
Free AccessCAD Mid-Pack Ahead Of Labour Report
- USDCAD has dropped back to around 1.367 after yesterday’s fresh recent high of 1.3695 to extend a series of steps higher over the past two weeks.
- It nears trend-line resistance at 1.3722 (drawn from Oct 13, 2022 high) whilst support is seen at 1.3547 (20-day EMA). $700m of option expiry at 1.3600 for today's NY cut.
- CAD sits in the middle of the G10 FX pack although underperforms high beta peers, with a decent intraday recovery in WTI offset by the S&P e-mini near session lows.
- The jobs report is in focus ahead – see our thoughts from yesterday here, although consensus has since ticked up from 17.5k to 20k.
To read the full story
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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.