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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
- A rolling over in risk sentiment sees the day’s decline in USDCAD pause around 1.365 off a low of 1.3634.
- CAD lags other high beta majors with its linkages to the US after the ISM miss helped drive a further leg of USD weakness.
- It has moved closer to support at 1.3603 (Sep 28 low) after which would lie 1.3468 (Sep 23 low), with a US-centred schedule with Fedspeak still to come plus JOLTS and factory orders tomorrow.
- If CFTC non-commercial positioning is indicative of broader views, CAD bullishness was slashed further early last week from net longs of 1% OI (off 18% mid-Aug) to net shorts of -12.5%.
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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