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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.
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Get the latest on Central Bank Policy and FX & FI Markets to help inform both your strategic and tactical decision-making.
Free AccessMNI BRIEF: China May Inject CNY1 Trln To Replenish Big Banks
MNI BRIEF: China Sees Progress On EU EV Deal
Risk returned to markets overnight in........>
CANADA: Risk returned to markets overnight in hopes of a breakthrough in
US-China trade talks. Bank desks reported of very strong CADJPY demand which saw
the cross move back above Y82 to extended recovery highs of Y82.12. Next
resistance is seen at Y82.54/70 which represents the Dec 21 high & 61.8%
retracement of Y86.24-76.98. USDCAD further extended losses through C$1.33
having breached channel support at C$1.3487 last Friday (See MNI Analysis email
- USDCAD Breaks Channel Base Support - Jan 4 0901GMT). Rate touched pullback
lows of C$1.3268 and now opens a move toward the 100-dma & Dec 3 low at
C$1.3172/60. EURCAD comfortably holds below the 200-dma (C$1.5214) & C$1.52
level in early Europe. Next support at C$1.5121/16 from the 100-dma & Dec 17
low. While AUDCAD currently flirts with the 100-dma at C$0.9460, a close below
here opens the 50% fibo of C$0.9105-0.9784 at C$0.9445.
To read the full story
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Please enter your details below.
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.