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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 again pushed lower after yesterday’s clearance of the key 1.3302 (Apr 14 low) and is currently comfortable 5-10 pips higher than recent lows of 1.3275 that equalled support at the Feb 14 low.
- Further support closely follows with a vol band undercutting at 1.3271 (1.0% of 10-dma envelope) before 1.3262 (Feb 2 low).
- Unsurprising with sizeable US dollar weakness ahead of the FOMC (DXY index -0.6%), CAD materially underperforms other high beta peers despite WTI and the S&P E-mini extending gains on the day.
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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