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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 has pushed to the day’s low of 1.3426 as the S&P e-mini continues to make intraday gains, but in both cases remaining within Friday’s range.
- Friday’s low of 1.3415 tied with the Jan 22 low, forming initial support after which lies 1.3343 (Jan 12 low) but the technical outlook continues to see the pullback in the pair as corrective with a bull trigger at 1.3542 (Jan 17 high).
- Crude oil futures are off overnight highs but still consolidate Friday’s push higher, helping CAD outperform all majors except for Antipodeans.
- Latest CFTC data showed CAD net shorts were trimmed to -5.4% OI as of Jan 23, moving back close to the -4.3% on Jan 09 which marked the smallest net short position since early August.
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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