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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
- CAD sits top of the G10 pack in reversal of yesterday’s underperformance following softer than expected core CPI readings.
- USDCAD has touched a new recent low of 1.3600 having bottomed out yesterday at 1.3605 just before CPI saw a relatively constrained 20-30 pip lift.
- It remains to be seen whether the round 1.36 has any sway whilst a key support is nearby at 1.3589 (Jul 11 low), with clearance required to strengthen the recent bear theme before 1.3547 (Apr 9 low).
- Today’s local risk events come from input cost data at 0830ET and with focus on headlines concerning rail strike talks ahead of lock outs that can otherwise start 0001 Toronto time on Thursday.
- On the US leg of course, NFP preliminary benchmark revisions and FOMC minutes.
- Little by way of nearby option expiry for today’s cut although there is a cumulative $870m between 1.3710-1.3735.
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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