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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.
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Free AccessMNI: PBOC Net Drains CNY216 Bln via OMO Monday
USDCAD Offs Lows After ADP, US Deployments
- USDCAD briefly tested support of 1.2650 both before and just after a weak ADP, before firming possibly on clear signs of Omicron in the data that should fade ahead in Feb.
- Building permits had little impact before a further rise on the announcement of US troop deployments to Eastern Europe.
- Technicals show a bullish theme still intact despite this week’s pullback. First support is 1.2650 (Jan 27 low) after which it could open 1.2560 (Jan 26 low), whilst key resistance is 1.2814 (Jan 6 high).
To read the full story
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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.