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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 at 1.3468 has pulled back for currently ~25 pips off earlier highs as oil sees strong gains and equity futures hold a lift off earlier lows.
- That backdrop, combined with broad USD strength, sees CAD outperform all majors bar the USD.
- Overnight lows of 1.3448 for USDCAD tested support at the 20-day EMA (1.3447) after which lies a key short-term support at 1.3359.
- Largest expiries for tomorrow’s NY cut are biased lower ($0.74bn at 1.3400, $1.38bn at 1.3350, $1.09bn at 1.3300) but CAD jobs and US CPI revisions land beforehand and will likely set the precedent.
USDCAD sits close to support at the 20-day EMA (green line)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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