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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 is unwinding what little impact there was following the horrible US service PMI, only marginally reversing an earlier move lower that one desk had seen helped by US natural gas prices jumping.
- The post-PMI rise had come as real yields nudged off lows and equities pulled back from an initial rise but that has quickly faded, with risk sentiment re-firming and a return to small GoC underperformance to Tsys that had been disrupted by retail sales momentum fading into June.
- In touching a low of 1.2823 and currently 1.2838 (-0.2% on the day), it has cleared important support at the 50-day MA of 1.2854 and has come close to testing a key support at 1.2819 (Jun 28 low).
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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