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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 has pushed to a new session high of 1.3628, through yesterday’s range but holding below Friday’s 1.3640 that had seen another step towards a key resistance at 1.3655 (May 26 high).
- Unusually considering the backdrop of USD strength and WTI maintaining earlier gains, CAD sits towards bottom of the G10 FX pack. GoCs trade broadly in line with Tsys although bank earnings skewed weaker on an adjusted EPS basis with BMO’s results this morning.
- Latest CFTC data up to Aug 22 showed a stabilization in CAD net shorts at -7.3% OI having slid to -7.2% the prior week, still the largest net shorts since June.
- No local data of note today with a potential driver in US JOLTS and consumer confidence ahead.
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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