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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
- The dollar’s post-jobless claims slide today sees USDCAD continue to set new session lows, most recently 1.3238, with CAD broadly mid-pack despite softer housing activity data, albeit partly offset by strong house price growth.
- It has easily pushed through support at 1.3275 (Jun 14 & Feb 14 lows) and now more tentatively a vol band undercutting at 1.3246 (1.0% 10-dma envelope).
- The next vol band doesn't undercut until 1.3112 (2.0% 10-dma envelope) but the pair is nearing oversold territory with the 14-day RSI at 30.8 having seen a decent bounce off similar levels when reached in mid-April. For perspective, the nearest historical turning points have been 1.3226 (Nov 15 low).
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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