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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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Free AccessUSDCAD Treading Water Ahead Of U.Mich, BoC Loan Officer Survey
- USDCAD trades in a particularly tight range, having almost entirely been within +/- 10pips of 1.349 since 1200ET yesterday having pushed 70 pips higher as risk-off extended after higher initial claims and PacWest sliding.
- The subsequent recovery in the S&P E-mini, which has continued through today, has had little impact on the pair.
- The bounce has exposed resistance at the 50-day EMA of 1.3518 after which lies a jump to 1.3640 (May 3 low).
- Ahead, US import prices land first but most focus is on the U.Mich consumer survey followed by the BoC’s Senior Loan Officer Survey at 1030ET.
To read the full story
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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.