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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 increased almost 50 pips since early in the session to hit 1.3533 and push above yesterday’s high.
- The technical trend structure remains bullish, with a bull trigger at 1.3586 (Feb 13 high).
- High beta majors are generally under pressure amidst some intraday USD strength despite net softer than expected durable goods orders and a decline in consumer confidence.
- CAD outperforms SEK, NOK and NZD thanks to US linkages, but otherwise underperforming or at best unchanged on other crosses.
- The second Q4 release of US GDP/PCE marks the next data focal point tomorrow before CAD GDP on Thu.
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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