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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.
Real-time Actionable Insight
Get the latest on Central Bank Policy and FX & FI Markets to help inform both your strategic and tactical decision-making.
Free AccessMNI US CPI Preview: Setting The Tone For 2025
MNI ASIA MARKETS OPEN: NY Fed Inflation Expectations Gaining
MNI ASIA MARKETS ANALYSIS: Tsy Ylds Drift Higher Ahead CPI/PPI
Path Of Least Resistance Remains Up
- RES 4: 1.4070 1.236 proj of the Sep 19 - Oct 5 - Oct 10 price swing
- RES 3: 1.4068 2.0% 10-dma envelope
- RES 2: 1.3977 High Oct 13 2022 and a major resistance
- RES 1: 1.3899 High Nov 1
- PRICE: 1.3845 @ 07:53 GMT Nov 2
- SUP 1: 1.3790 Low Oct 26
- SUP 2: 1.3739/3634 20- and 50-day EMA values
- SUP 3: 1.3477 76.4% retracement of the Sep 19 - Oct 5 rally
- SUP 4: 1.3417 Low Sep 29
The USDCAD trend needle continues to point north and the pair is trading closer to its recent gains. Sights are on 1.3977, the Oct 13 2022 high. Last week’s break of 1.3862, Mar 10 high, strengthens the bullish condition. MA studies are in a bull-mode position too, highlighting an uptrend and reflecting positive market sentiment. On the downside, initial firm support to watch is 1.3739, the 20-day EMA. A pullback would be considered corrective.
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.