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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 is extending its decline with a session low of 1.2863 (-0.3%) despite oil prices coming under pressure from a constructive Iranian reply to the draft nuclear deal.
- The move lower was kickstarted by surprisingly strong core CPI inflation plus some broader USD weakness since weak US housing starts despite stronger than expected Industrial production.
- It's still well within yesterday’s wide range but hovers above initial support at the 50-day EMA of 1.2862, with next support much lower at the 200-dma of 1.2748 and a key support at the much lower 1.2728 (Aug 11 low) required to be cleared to meaningfully reinstate a technical bearish threat.
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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