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
- As with much of yesterday after the oil slide-induced surge higher, USDCAD has traded in a narrow range a little over the 1.29 mark, currently just 0.05% higher at 1.2913 but seeing little drag from oil moving higher.
- Outperformance to Antipodeans continues for a second day in further pullback after AUDCAD had cleared 0.91 for highs since mid-June.
- Back to USDCAD, yesterday’s rally highlights a possible reversal of the recent technical bearish cycle, opening resistance at 1.2985 (Aug 5 high), whilst to the downside key support is seen at 1.2728 (Aug 11 low) required to reinstate a bearish threat.
- Recall most recent CFC net spec positioning from last week had CAD net longs at year highs of 14.8% OI compared to NZD net shorts of just -0.6% after being cut from -30% in June and AUD net shorts building to -36%.
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