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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
- CAD sees little impact from China’s Li calling for boosting the consumption recovery, with USDCAD hovering 20-25 pips off session lows of 1.2978 whilst the corrective pullback remains in play.
- The session low was just shy of support at the 50-day EMA of 1.2963, after which sits key near-term support of 1.2895 (Aug 25 low), but moves are likely led by risk sentiment today with only weekly Canadian consumer confidence on the docket.
- CFTC non-commercial positioning showed a trimming of CAD net longs ahead of the BoC (15.3 to 11.2% OI) but remains clearly more bullish than AUD (-32%) or NZD (-6%) for closer linkages to China.
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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