Free Trial
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 1.3738 has lifted close to overnight highs but it remains in tight ranges after limited net reaction from Friday’s mixed labour report.
- An earlier low of 1.3718 has again cleared support at 1.3731 (50-day EMA) but it struggles to build on the move to open 1.3657 (Jul 17 low). Technical trends look bullish meanwhile with resistance at 1.3856 (Aug 6 high).
- Far weaker than expected buildings permits help CAD continue to underperform high beta peers on the day despite USD strength, even if the typically volatile report only has so much sway (-14% M/M in June (cons +6%) after -13% in May).
- Latest CFTC data showed only a marginal trimming of in CAD net shorts away from record highs following the second dovish BoC cut, dipping from 56% to 54% of open interest.
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.
We are facing technical issues, please contact our team.
ok
Your request was sent sucessfully! Our team will contact you soon.
ok