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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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Free AccessImproved oil prices underpinned CAD..........>
CANADA: Improved oil prices underpinned CAD overnight with commodity tied FX
sitting top of G10. USDCAD eased to C$1.3429 with downside support seen on
approach to C$1.3400 (C$1.3401 - May 16 low). Below here opens triangle base
support & 50-dma at C$1.3394, ahead of the May 10 low at C$1.3381.
- CADJPY briefly challenged its short-term channel top around Y82.10. Bulls
focus remains on a break of the Y82.55/60 double-top area, ahead of the 100-dma
at Y82.87.
- EURCAD closed below the 100-dma & 200-dma Friday with the downtrend extending
through C$1.5000. The cross remains locked in a symmetrical triangle with the
base coming in today at C$1.4949.
To read the full story
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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.