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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
- Firming equities, a continued rise in oil and relative underperformance in Canadian short-term rates has seen USDCAD tentatively drop through two closely packed support levels.
- Currently -0.2% at 1.2546 and off a low of 1.2542, it’s through support at 1.2565 (Mar 21/22 lows) and then 1.2552 (76.4% retracement of Jan-Feb rally).
- This next opens 1.2499, the Jan 21 low.
- Scheduled Fedspeak from Daly and Bullard today unlikely to provide any material twists after already speaking yesterday but new commentary due tomorrow from Williams and Evans.
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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