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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 pushed to new recent lows of 1.3305. It builds on yesterday’s clearance of support at 1.3320 (Aug 4 low) to open 1.3283 (76.4% retrace of Jul 14 – Nov 1 bull phase).
- CAD trades towards the lower end of the G10 FX pack on the day, hindered on crosses by broader USD weakness whilst the week’s narrowing in the 2Y Can-US yield differentials has stalled.
- Tomorrow sees monthly CAD GDP plus US PCE both at 0830ET, and with minimal option expiry for the cut to help bias direction either way.
USDCAD with moving averages and 14-day RSISource: 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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