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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 hits a new session high of 1.3054 for +1.5% (currently 1.3046), with the earlier step lower in WTI weighing on CAD as it has switched to underperforming AUD and NZD on the day having outperformed beforehand.
- The strength of price pressures in yesterday’s BoC surveys could support CAD strength if risk sentiment improves, especially as next week’s BoC decision is eyed, but remains firmly on the backseat for now.
- Having cleared two resistance levels, USDCAD next sees resistance at a bull trigger of 1.3079 (Jun 17 high), a break of which could strengthen bullish conditions and open Nov-2020 levels.
- Plenty of significant drivers ahead, including the FOMC minutes tomorrow and labour reports for both US and Canada on Friday.
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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