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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 plateaus around the 1.33 handle it first touched in the second half of yesterday’s session after weaker than expected US data and broadly in line monthly GDP.
- Having gained on most crosses yesterday, CAD for the most part underperforms amidst broader USD weakness.
- The pair sits in the middle of a tight 35 pip range. Moving average studies highlight a bearish theme with support seen at the session low of 1.3289 before the bear trigger of 1.3226 (Nov 15 low). Resistance seen at yesterday’s high of 1.3472.
- A solid US docket and of course the FOMC decision later likely dominate but locally there is also the Jan PMI at 0930ET.
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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