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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 has seen a sizeable >70 pip pull back off earlier highs, back at 1.3732 for close to where it started the week but having seen a wide range of 1.3631-1.3805 in the past two days.
- The day’s high of 1.3805 came close to resistance at 1.3814 (Mar 15 high) after which lies the bull trigger at 1.3862 (Mar 10 high) for highs since October.
- However, whilst little changed on the day as whole, the CAD in real trade-weighted terms has depreciated a further -0.7% according to JPM’s index. It now sits 4.7% and 6.5% below 5- and 10-year rolling averages, around the 20th percentile over both periods.
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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