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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 at 1.3760 has built on yesterday’s increase, aided by today’s decline in the S&P 500 e-mini.
- The pair moves closer to resistance at 1.3785 (Apr 30 high) after which lies a key 1.3846 (Apr 16 high) before Nov 2023 levels.
- There’s no notable option expiry at today’s NY cut, although there is a heavy $2bn at 1.3680-85 on Fri after the Canadian jobs report.
- Oil pushing lower on the day also hinders CAD although the broader USD strength sees it outperform its high beta peers.
- The weakness vs the USD still weighs when looking in real effective terms though, with Citi’s broad index back at mid-April levels and circa -2.5% below both five- and ten-year averages.
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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