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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 has dropped back to pre-Powell levels around the 1.36 handle as the S&P e-mini sees a quick increase and WTI retraces a sharp decline, although the pair remains in overbought territory.
- It retreats from a high of 1.364 that had taken a sizeable step closer to a key resistance at 1.3655 (May 26 high), beyond which lies 1.37332 (trendline drawn from Oct 13, 2022 high).
- With the USD more broadly giving up earlier gains, CAD returns to its position of near the bottom of the G10 FX pack on the day.
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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