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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 sees a sharp increase to a high of 1.3634 after the initial step lower on Powell, as part of broader USD moves.
- The pair had again pushed to the 1.36 mark ahead of the remarks, whilst this stronger clearance of the handle sees it take another step closer to a key resistance at 1.3655 (May 26 high) beyond which lies 1.37332 (trendline drawn from Oct 13, 2022 high). The 14-day RSI extends further into overbought territory at 76.
- Broader USD strength sees CAD pull back closer to the middle of the G10 FX pack after earlier underperformance.
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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