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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.
CANADA
- USDCAD sees new session lows of 1.329, with CAD FI seeing sizeable underperformance to Tsys post respective jobs reports and WTI reversing earlier losses.
- Broader USD weakness does however limit CAD on the day vs other crosses, with CAD only outperforming USD and much less so EUR.
- The move sees the pair swing back from an earlier testing of 1.3386 (50% retrace of the May 26-Jun 27 downleg) and closes in on yesterday’s low of 1.3275 that in turn probed support at the 20-day EMA of 1.3280.
- A further push lower would next open a key short-term level of 1.3203 (Jul 4 low) although Wednesday’s BoC decision looming could possibly limit further moves.
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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