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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
- WTI under pressure (WTI -3.4%) helps USDCAD probe Friday’s snap high of 1.3399. The initial resistance level came on the twin jobs reports, which were stronger than expected US NFPs and lower than expected CAD jobs growth but both of which were caveated.
- A continuation higher would open firmer resistance at 1.3471 (50-day EMA).
- Latest CFTC futures positioning for Jan 2 showed a further trimming in CAD net shorts from -19.7% to -11.5% OI, the lowest since late September.
USDCAD vs 50-day EMA (pink)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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