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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 is nudging its latest low of 1.3268, which after a recent run of clearing support levels stopped just shy of 1.3266 (Aug 2 low) after which lies 1.3184 (Aug 1 low).
- First seen late last week, the 14-day RSI suggests the pair remains in oversold conditions.
- CAD sits at the lower end of the G10 FX pack ahead of US PCE/durable goods and CAD GDP, with the day’s extended USD weakness countering a further narrowing in the Can-US 2Y yield differential to its tightest since late Oct and WTI futures holding onto overnight gains.
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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