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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
[correcting 1238ET bullet which incorrectly said oversold and not overbought]
- The tilt to new session lows for the S&P e-mini comes with USDCAD clearing resistance at 1.3523 (76.4% retrace of May 26-Jul 14 downleg) to next open 1.3585 (Jun 1 high).
- Its high of 1.3530 aligns with a 14-day RSI of 72, pushing into overbought territory for the first time since March.
- WTI at $80.4/bbl is testing both session and yesterday’s lows, with high beta majors generally underperforming on the day but with CAD at least outperforming AUD, NOK and SEK as a function of the net USD strength.
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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