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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 pushes through to session lows of 1.3515, aided by a backdrop of the S&P e-mini and WTI near session highs, but in doing so is only back to Thursday’s levels.
- The pair saw a notable extension of a bull cycle last week, registering a high of 1.3575 after which lies a key resistance at 1.3655 (May 26 high) whilst support is seen at 1.3440 (Aug 15 low).
- The bulk of those increases came after a tilt back to CAD net shorts, with latest CFTC data for Aug 15 showing a slip from -0.4% to -7.2% OI for the largest net short position since mid-to-late June. It started August at +4% for the largest net longs since Sep’22.
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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