Free Trial
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.
CANADA
- Oil up 10% today counts for relatively little as USDCAD up +0.25% only modestly underperforms BBDXY up +0.5%.
- USDCAD touches new session highs of 1.2705 in what’s been a surprisingly narrow range today, but remains well within the post-BOC/FOMC range, which was preserved until spiking to a high of 1.2878 on the first day of the Russian invasion.
- Both Canada and US have seen a heavy reduction in hikes priced today with 25bp this month no longer fully priced, but the US has seen a larger unwinding further out.
- That previous high of 1.2878 remains first resistance, whilst key short-term support remains at 1.2636 (Feb 10 low).
USDCADSource: 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.
We are facing technical issues, please contact our team.
ok
Your request was sent sucessfully! Our team will contact you soon.
ok