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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 slipping to 1.3647 quickly pushes through the low of 1.3657 touched in the middle of Powell’s press conference before it fully reversed the 80-pip decline on the day.
- Rising 0.6% vs the USD, CAD lags other high beta majors such as the NOK after a hawkish leaning Norges Bank and NZD, but otherwise outperforms on the day.
- Close support is seen at 1.3644 (Mar 21 low), lows since Chair Powell opened the door to a 50bp hike shortly before regional banking woes came to the surface, after which lies the 50-day EMA of 1.3584.
- A blank docket sees second tier US data releases in the driving seat plus of course any further banking headlines including potentially from Yellen.
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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