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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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Free AccessMNI Commodity Weekly: Oil Markets Assess Trump Impact
MNI Gas Weekly: Winter Weather Takes the Driver's Seat
USDCAD Continues Drift Higher With Equities Under Pressure
- USDCAD has pushed back above 1.35 with some more conviction this time after a brief test overnight, having last been there on Mon the day before strong CAD CPI.
- The pair continues its increase seen after yesterday’s FOMC hawkish dot plot with equity futures still under pressure.
- The recent high of 1.3515 lifted nearer resistance at 1.3527 (20-day EMA) with gains deemed corrective and support at 1.3381 (Sep 19 low).
- The diplomatic row with India continues to escalate with India suspending visa issuance to Canadian citizens.
- Ahead, employment insurance and new housing prices lead some lower tier Canadian data, with more focus on the US docket including initial jobless claims covering a payrolls reference week.
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.