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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 AccessCAD Sits Mid-Pack, Waiting On US Drivers
- CAD sits decidedly mid-pack of the majors today with USDCAD +0.15% at 1.2787.
- It’s up from yesterday’s low of 1.2765 having got close to testing support at the 50-day EMA of 1.2763, whilst resistance remains at 1.2896 (May 18 high).
- Today's drivers of the pair are likely from the US. The Fed's Powell might not be overly market-moving with his opening remarks at an economic summit pre-recorded for video but the US S&P Global PMI could be a trigger after moderations in the UK and Eurozone equivalents, weighing on higher growth beta currencies.
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.