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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 at 1.3686 has drifted off earlier lows of 1.3655, initially helped by the S&P 500 fleetingly turning negative on the day before WTI pushing towards week-to-date lows (-2%) offset the impact from a bounce in equities.
- The session low cleared support at the 50-day EMA of 1.3670 to open 1.3629 (Nov 6 low) closely followed by 1.3611 (trendline support drawn from Jul 14 low).
- Going against that could be some sway from sizeable expiry for tomorrow’s NY cut at 1.3750 ($1.35B).
- Today’s local data has shown stronger than first thought wholesale and manufacturing sales although existing home sales were notably weaker than expected in October as the housing market increasingly moves closer to balance when looks at months of supply.
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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