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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
- A continued increase in the S&P e-mini has seen USDCAD pull back 25-30 pips from earlier fresh highs for the week of 1.3855 in what marked a clear break of the 1.3815/1.3816 it topped out at over the previous two days.
- The pair still sits +0.15% on the day though despite solid gains for WTI (+1.9%) on top of those gains for the S&P e-mini (+0.8%), although there has been a sizeable widening in the 2Y Can-US differential to -50bps from -44.5bp yesterday.
- The day’s earlier climb has seen another step closer to a bull trigger of 1.3899 (Nov 1 high), in the way of a major resistance level at 1.3977 (Oct 13, 2022 high).
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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