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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
- Belated USD weakness after (potentially) large downward annual benchmark revisions to payrolls has seen USDCAD hit 1.3576 in a firm push through a key support at 1.3589 (Jul 11 low).
- It helps bolster the recent bear theme with next support seen at 1.3547 (Apr 9 low).
- It also leaves the pair in minor oversold territory for the first time since December, an impressive turnaround from the overbought conditions of late July (both on a 14-day RSI basis).
- Rail strike talks going down to the wire doesn't appear to be hindering the loonie today, whilst CAD is still close to top performer across the G10 FX (just lagging CHF and GBP) despite the USD giving up earlier modest gains, in payback after yesterday's underperformance on soft CAD core CPI readings.
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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