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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 pulled back ~20pips from some firm resistance at 1.3543/44 seen both yesterday and recently, with the push lower coming from an intraday lift in equity futures and crude oil pushing higher.
- 1.3544 is seen as a bull trigger, clearance of which could open 1.3623 (Fibo retracement of Nov 1 – Dec 27 bear leg).
- Today sees building permits for Dec (0830ET) before greater focus on BoC’s Macklem speaking before CORIM, with text at 1245ET before the speech at 1300ET. A press conference will follow at ~1410ET.
- There has been very little major Canadian data since the Jan 24 BoC decision, just monthly GDP for Nov/Dec flash and Macklem has already touched on it in his House appearance on Feb 1 (suggests growth faster than BoC estimate but still think Q4 GDP will be weak).
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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