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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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Free AccessUSDCAD Pushes Session Lows With WTI Recovery
- USDCAD pushes to new lows for the day at 1.3444 (-0.3%), with CAD lagging high beta peers that generally outperform on the day as WTI unwinds yesterday’s second half dip.
- Yesterday’s gains for the pair stopped nudged resistance at 1.3523 (20-day EMA) but are seen as corrective, with support at 1.3381 (Sep 19 low) after stronger than expected CPI.
- Domestic data remains in focus today with retail sales for July at 0830ET. Consensus sticks to the 0.4% M/M advance from last month along with a marginally stronger 0.5% for ex-autos.
- We watch how this translated to volumes in July after some weak months left the 3M/3M trend at -3% annualized in Q2, as well as the nominal advance for August.
To read the full story
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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.