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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 continues a strong push higher ever since the European open, touching 1.38 as the S&P E-mini extends a decline for -1%.
- After a two-day intraday swing of ~170 pips off regional banking woe lows, the pair eyes resistance at 1.3814 (Mar 15 high) after which lies the bull trigger at 1.3862 (Mar 10 high) for highs since October.
- Amidst USD strength, CAD currently only lags havens CHF and JPY from other majors on the day.
- Upcoming US durables and CAD retail sales data can't be fully discounted, barring large downside surprises, but attention likely elsewhere.
USDCADSource: 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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