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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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Free AccessMNI POLITICAL RISK ANALYSIS - Week Ahead 2-8 December
MNI POLITICAL RISK - Trump Targets BRICS w/New Tariff Threat
MNI Gilt Week Ahead: Triple issuance week?
CAD sits bottom of G10 in the US afternoon...>
CANADA: CAD sits bottom of G10 in the US afternoon with little news behind the
move. Oil is only marginally weaker and Canadian Wholesale Trade data came in
soft, but this isn't normally a market mover.
- USDCAD rallied through C1.31 to C$1.3120 and holds firm at typing. Key
resistance remains at C$1.3144/45 from the Jul 10 & Jul 1 highs, a break opens
the potential of a move towards the Jun 26 high at C$1.3196.
- CADJPY trades back through the 100-dma (Y82.44) & channel base drawn off the
Jun 3 low to Y82.21. A close below opens the next support area at Y82.00/05 from
a series of previous lows.
- NZDCAD improved to C$0.8890, its highest level in six weeks. Key resistance is
seen on approach to the C$0.89 level which holds the 100-dma & Jun 6 high
(C$0.8897/99).
To read the full story
Sign up now for free trial access to this content.
Please enter your details below.
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.