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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 1.3649 sits close to session highs (1.3657) as USD strength dominates, albeit with CAD outperforming other majors due to its linkages to the US.
- The extension reinforces last week’s climb higher helped by the miss in Canadian CPI, which, if CFTC non-commercial positioning is indicative of broader positioning saw CAD net longs shrink further to just 1% of OI from the mid-Aug peak of 18%.
- Next resistance is seen at 1.3702 (2.382 proj of Aug 25-Sep7-13 price swing) after the earlier high cleared 1.3651 (61.8% retrace of 2020-21 bear leg).
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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