Free Trial
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 hits new session highs with the slump in oil before a further boost from the weak US open, touching 1.3032 in the process (+0.3%).
- The move comes despite the weakest negative correlation between USDCAD and WTI in absolute terms since early July on a 20-day rolling basis, with E-mini S&P negative correlation is at more typical levels.
- Having already cleared two tightly packed resistance levels including Friday’s high of 1.3009, focus is on 1.3035 (61.8% retrace of Jul 14 – Aug 11 downleg) after which it could open mid-July levels, including 1.3135 (Jul 15 high).
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.
We are facing technical issues, please contact our team.
ok
Your request was sent sucessfully! Our team will contact you soon.
ok