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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 tests resistance at last week’s high of 1.3575, after which lies a potential run to a key resistance at 1.3655 (May 26 high).
- The pair has been in overbought territory on a 14-day RSI basis since Aug 15, for its first time since March but also now for its longest period since Sep’22 and before that Mar 2020.
- A combination of broad USD strength but crude falling further sees CAD towards the middle of the G10 FX pack on the day, ahead of CAD retail sales for one of the last higher tier releases before the Sep 6 BoC.
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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