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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
- After a particularly subdued session yesterday, USDCAD has resumed a push higher, hitting 1.36 (+0.4%) after a recent clearance of resistance at 1.3582 (50% retrace of the Mar 10 – Apr 14 bear leg).
- It opens 1.3617 (Mar 29 high) and then 1.3648 (61.8% retrace) in a continuation of a strong reversal of oversold conditions over the past 10 days off the low of 1.3302 on Apr 14.
- High growth beta peers are generally under pressure today, although CAD outperforms NOK and AUD amidst the backdrop of USD strength.
- Little on the local docket with only bill sales scheduled, leaving US releases in the driving seat with a myriad of second tier data releases before heavyweight earnings releases after the close from Alphabet, Microsoft and Visa.
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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