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Policy
Policy
Exclusive interviews with leading policymakers that convey the true policy message that impacts markets.
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Global Macro
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Actionable insight on monetary policy, balance sheet and inflation with focus on global issuance. Analysis on key political risk impacting the global markets.
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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 POLITICAL RISK - Trump Nominees Face Capitol Hill Scrutiny
MNI US MARKETS ANALYSIS - Curve Steeper Ahead of JOLTS
MNI US OPEN - Censure Motion Against France Gov't Due Today
USDCAD Close To Latest Highs Ahead Of Jobs Reports
- USDCAD sits 5-10 pips below session highs of 1.3380, which marked fresh highs since Dec 19 as it continues what’s deemed a technical corrective rally.
- Next resistance is seen at 1.3409 (1.0% 10-dma envelope) whilst support at 1.3177 (Dec 27 low).
- CAD outperforms most majors on the day with its linkage to a stronger USD offsetting the hit from a further decline in equity futures.
- US and Canadian jobs reports land at 0830ET, with Canadian jobs growth seen slowing to +15k after +25k (with the survey not including either CIBC or RBC looking for 10k increases).
- The u/e rate should as always be watched for broader balance signs amidst high population growth, seen pushing higher again to 5.9% from 5.76% in Nov (and from 5% as recently as April).
- Hourly wage growth meanwhile is seen being problematic for the BoC, accelerating from 5.05% to 5.4% Y/Y for permanent employees and marking joint highs since Jan 2021 with help from a base effect.
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.