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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 China Daily Summary: Friday, November 29
MNI US OPEN - Le Pen Sets Deadline for Further Concessions
USD/CAD last deals at C$1.3295........>
DOLLAR-CANADA: USD/CAD last deals at C$1.3295 after dropping 75 pips Monday, as
the USD struggled, while CAD drew support from a strong Ivey PMI print & firmer
oil prices, with markets hoping that a global supply glut can be averted amidst
optimism re: global trade & OPEC reportedly sticking to its output cut
commitments.
- Bears look to yesterday's low/lower Bollinger band (2%) of C$1.3279/78 and a
break below that level would shift their focus to the 2.0% 10-DMA envelope at
C$1.3273. On the topside, initial attention is drawn by the 50-DMA at C$1.3337,
while the next layer of resistance above is provided by C$1.3391, where the rate
peaked Monday.
- All eyes are on the BoC, which is set to deliver its MonPol decision
Wednesday. BBG's WIRP tool prices in >80% chance of no change to the policy
rate. Elsewhere, Canadian housing starts data is also due Wednesday, while
building permits come out 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.