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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 has pushed to a session high of 1.3608, close to yesterday’s post FOMC statement pre-Powell high of 1.3612
- Despite the quick increase, a firmer USD sees CAD outperform on the crosses, notably appreciating more than 1% to Antipodeans in a more meaningful rolling over of recent AUDCAD strength seen since the first miss for US CPI in the Oct report (Nov 10).
- USDCAD technicals: further off support at 1.3470 (former trendline resistance) whilst resistance remains 1.3700 (Dec 7 high).
- Solid schedule ahead, with potential ECB spillover plus Canadian housing data and a deluge of US data including retail sales.
AUDCAD rolling overSource: 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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