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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
- It’s the first time below the handle since Feb 21, from a combination of WTI up strongly on the surprise OPEC+ cut and equities holding onto Friday’s gains.
- It builds on CAD being buoyed by surprise monthly GDP strength on Friday, which could have seen a shake out of short CAD positions. If CFTC positioning is more broadly representative, latest data for last Tue showed the highest net shorts since Apr/May 2019 at -32 % OI.
- The pair sits just off session lows of 1.3476, with next support eyed at 1.3442 (Feb 20/21 low) whilst to the upside sits 1.3590 (50-day EMA).
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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