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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.
CANADA
- USDCAD hits a session high of 1.3635 (+1.0%), having cleared the third resistance level of the session, most recently 1.3605 (trendline from the Oct 13 high).
- Weaker GDP details and equity weakness earlier weighed on CAD, which is then further hindered by oil falling on reports that OPEC+ will keep current output rather than the cuts previously touted.
- Potential resistance in USDCAD seen at 1.3691 (61.8% retrace of Oct-Nov pullback) with ultimately a key resistance level at 1.3808 (Nov 3 high).
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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