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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 has moved lower as it moves in lockstep with stronger US equities (inverted in the chart), in a continuation of the relationship seen over the past few days.
- At 1.2562 and an earlier low of 1.256, it’s close to initial support seen at 1.2555 (Jan 24 low) whilst firm support is 1.2451 (Jan 19 low and 76.4% of the Oct-Dec rally). Resistance is seen at 1.2702 (Jan 24 high) but first is the 50-day EMA at 1.2649.
USDCAD vs S&P E-minis (inverted)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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