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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.
CANADA
- USDCAD moves below the 1.39 mark it had tentatively sat at after the dust had settled on the US CPI, having surged through key resistance at 1.3838 (Sep 30 high).
- At 1.3864 but with a high of 1.3977, it reinforces the technical uptrend for the pair, with next resistance at 1.40 and then 1.4040 (76.4% retrace of 2020-21 bear cycle).
- BoC’s Macklem is now set to speak tomorrow at the IMF after hawkish remarks Oct 6, following a busy US session with retail sales, import prices and U.Mich. However, one eye from an idiosyncratic rate differential perspective will be on next week’s key business & consumer surveys (Oct 17, Senior DG Rogers also speaks) and CPI (Oct 19) prior to the BoC decision on Oct 26.
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.
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