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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 has steadily pulled back to ~1.3445 off a high of 1.3502 that coincided with the 14-day RSI nudging oversold territory for the first time since March.
- The move has come with a sizeable rebound for WTI and more recently S&P e-mini losses stabilising before a mild tick off lows.
- On crosses, the story from early in the day is mostly intact, with CAD outperforming high beta peers, typical with the day’s USD strength, and otherwise modestly underperforming other majors.
- Those technically oversold conditions appeared to have carried some weight earlier, whilst further resistance is seen at 1.3523 (76.4% retrace of May 26- Jul 14 downleg).
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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