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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 resumes pushing session highs long after Powell’s hawkish speech at 1.3014 (+0.7%).
- It's despite CAD outperforming high beta majors, with increases in the pair limited by front end GoCs largely keeping pace with the sell-off in Tsys.
- It’s still well within the week’s range though, having dropped more than 1% from Tuesday’s high of 1.3063 prior to Powell, most recently with a hit from softer core PCE/spending just beforehand.
- Nevertheless a hawkish Fed has helped the bull mode condition from MA studies remain in place, with support at the 50-day EMA of 1.2887 and with resistance now eyed at that short-term trend high of 1.3063, clearance of which could re-open the 1.31 handle.
USDCAD and 2Y Goc-Tsy yield differential (blue)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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