MNI BRIEF: Canada Commits To Just One Of Three Fiscal Anchors

MNI BRIEF: German Insolvency Rate Slows, 2025 Pickup Expected

MNI BRIEF: Brazil Not Even Close To Fiscal Dominance - David

CORRECTED-MNI BRIEF: Brazil Inflation Rises To 4.87% In Nov

MNI China Daily Summary: Tuesday, December 10

MNI: USDA: 2024/2025 CORN PRODUCTION EST 15.14B BSL

EZ/UK T-Bill Calendar: 12-Month BOT Auction on Wednesday

EZ/UK Bond Supply Calendar: 4.25% Jul-34 Gilt Due Wednesday

MNI EXCLUSIVE: EU-Mercosur Deal Close, But Likely Short-Lived - Officials

AUSTRALIA: 2025 Election Outcome Looking More Uncertain According To Newspoll

© 1982-2024 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

CANADA: USDCAD Expiry Tilts Higher Post CPI and US Retail Sales

CANADA
GlobalCanadaBulletMarketsForeign Exchange BulletsRegionNorth America
  • USDCAD has seen some gravitational pull towards the 1.36 handle ahead of Canadian CPI and US retail sales at 0830ET.
  • It’s currently at 1.3595 for only a little higher on the day amidst broader FX lethargy ahead of US retail sales on day one of the two-day FOMC meeting.
  • Resistance is seen at 1.3623 (Sep 11 high) and 1.3626 (50-day EMA) whilst support is seen at 1.3547 (Sep 9 low).  
  • Today’s option expiry for the NY cut is biased higher, with a heavy $1.74bn at 1.3650.
  • Latest CFTC data showed CAD net shorts were no longer cut last week, at 27% of open interest as of Sep 10 in what had been a swift rebalancing from net shorts as large as 56% in mid-August.
  • See the MNI Canadian CPI preview here.  
131 words

To read the full story

Close

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.
  • USDCAD has seen some gravitational pull towards the 1.36 handle ahead of Canadian CPI and US retail sales at 0830ET.
  • It’s currently at 1.3595 for only a little higher on the day amidst broader FX lethargy ahead of US retail sales on day one of the two-day FOMC meeting.
  • Resistance is seen at 1.3623 (Sep 11 high) and 1.3626 (50-day EMA) whilst support is seen at 1.3547 (Sep 9 low).  
  • Today’s option expiry for the NY cut is biased higher, with a heavy $1.74bn at 1.3650.
  • Latest CFTC data showed CAD net shorts were no longer cut last week, at 27% of open interest as of Sep 10 in what had been a swift rebalancing from net shorts as large as 56% in mid-August.
  • See the MNI Canadian CPI preview here.