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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.
CANADA
- USDCAD holds off session highs despite a more limited recovery in S&P E-mini.
- At 1.3625, it’s below the 1.3665 that exactly equalled the Jan 6 high, clearance of which could open a push to the bull trigger at 1.3705 (Dec 16 high).
- With the pair currently +1.1% on the week and +2.1% over two weeks, it has continued the solid uptrend, more from a hawkish re-pricing of Fed rates post payrolls and CPI, with the impact it’s had on equity markets, than the BoC's monetary policy stance with its switch to a conditional pause on Jan 25.
- GDP for Q4/Jan flash provide one of the last main data steers locally before the BoC decision on Mar 8, although are unlikely to change expectations of on hold whilst the Bank weighs up an accumulation of evidence as to whether further hikes are needed.
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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