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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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Free AccessMNI Commodity Weekly: Oil Markets Assess Trump Impact
MNI Gas Weekly: Winter Weather Takes the Driver's Seat
USD/CAD advanced 25 pips overnight,...>
DOLLAR-CANADA: USD/CAD advanced 25 pips overnight, breaching its 55-DMA at
C$1.3316, and last trades at C$1.3327, as WTI ebbed ~$0.30 lower. Broader USD
strength also helped the move lower.
- Worth reminding that Canadian Tsy Board President Philpott quit PM Trudeau's
cabinet yesterday, citing the SNC-Lavalin scandal as a reason for her
resignation, while the Sino-Canadian relationship continues to be tested by
political strains and the escalation of matters surrounding Huawei.
- The initial upside target comes at C$1.3348, which represents the upper 1.0%
10-DMA envelope. A break above would bring that cloud base at C$1.3356 into
play. Meanwhile, bears look to return below the 55-DMA before challenging the
50-DMA, located at C$1.3292.
- The Canadian docket this week is headlined by the BoC MonPol decision due
tomorrow, while domestic labour mkt data comes out on Friday. Elsewhere, BoC Dep
Gov Patterson will speak on Thursday.
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.