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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.
CANADA
- USDCAD ticks off new session lows of 1.3508 to 1.3541 as it continues to underperform AUD after the CPI beat overnight but is more in line with other majors ahead of the BoC decision.
- It came close to testing a key support at 1.3503 (Oct 4 low) after which lies the 50-day EMA of 1.3454, whilst to the upside, resistance sits at 1.3855 (Oct 21 high).
- In CADUSD terms for the new BoC forecasts today, ~0.74 currently marks reasonable appreciation from the 0.725 averaged in recent weeks but either way is notably lower than the 0.78 assumed in the July MPR.
Source: Bloomberg
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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