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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 ~1.32 has lifted off earlier lows of 1.3185 but consolidates yesterday’s further shift lower to late July/early Aug levels.
- The technical trend continues to point south, with next key support at 1.3093 (Jul 14 low), with further moves in the near-term likely linked to broader risk sentiment with a particularly light CAD docket until the new year.
- Going against the speed to which this down trend could continue is the 14-day RSI at 24, its lowest (or most oversold) since May 2021.
- The Loonie more generally is neutral on a long-term valuation basis, 0.3% higher than its 5-year moving average and 0.4% lower than its 10-year moving average in real effective terms.
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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