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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 touched new session lows of 1.356 (-0.3%) before swiftly rising 15 pips having tested support at 1.3562 (50% retrace of Feb 2 – Mar 10 rally).
- CAD is a clear outperformer across G10 FX on the day, against a backdrop of the BBDXY on net higher across the day and S&P E-minis firming albeit off highs.
- It currently maintains earlier clearance of the 50-day EMA at 1.3598, whilst a renewed push lower could open 1.3515 (Feb 22 low).
- There has been dwindling correlation with rate differentials but still worth bearing in mind that BoC Dep Gov Gravelle speaks on prior market liquidity measures with text released 1230ET.
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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