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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 hit new lows of 1.3136, through the 1.3139 seen both earlier and on Thursday the day after a move lower on strong CAD retail sales, before lifting 20 pips.
- Solid domestic data have buoyed expectations of further BoC hikes after it came off the sidelines earlier this month, most recently with decent increases for mfg/wholesale trade estimates after markets looked through a dip in weekly consumer confidence.
- Technicals see scope for a move lower with next attention of 1.2992 (50% retrace of Jun -Oct’22 bull rally), whilst to the upside sits resistance at 1.3270 (Jun 20 high).
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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