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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
- CAD maintains its top of the pack position on the day as a combination of the stronger than expected jobs report and WTI trading almost +1%, with NOK in close second accordingly.
- USDCAD at 1.363 (-0.4%) trades off session lows of 1.3608, which didn’t trouble support at 1.3547 (20-day EMA) but made for a marked shift off yesterday’s new recent high of 1.3695.
- The move also saw the pair move further back from its return to overbought territory.
- Next week sees a lighter CAD docket with greater focus on US CPI, with CAD CPI not until Sep 19. It’s a particularly quiet start to the week though, which could give more sway to option expiry with the heaviest scheduled for Monday’s NY cut at 1.3600 ($477m) and then 1.3660 ($293m).
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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