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Policy
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Exclusive interviews with leading policymakers that convey the true policy message that impacts markets.
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Data
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MNI Research
Actionable insight on monetary policy, balance sheet and inflation with focus on global issuance. Analysis on key political risk impacting the global markets.
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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.
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Get the latest on Central Bank Policy and FX & FI Markets to help inform both your strategic and tactical decision-making.
Free AccessCIBC Recommend Long USD/CAD Via Options
- CIBC issue new trade idea: Long USD/CAD via 3-Month Call Spread
- Strikes for the 1x1 call spread at 1.30, 1.35 for an indicative premium of USD 0.76%
- They write that "we feel that the time is nigh for a sustained push above the 1.30 mark" due to forward looking data pointing to looming global growth slowdown, Canada’s household imbalances relative to the US, and support for the USD via the haven channel.
- They expect demand for protection and liquidity will increase further which should support USD/CAD.
- On spot, they write that their conviction is that USD/CAD will be north of 1.30, but there likely won’t be enough juice to push past 1.35 in that timeframe.
- Given that USD skews are very rich, they like fading the lower delta strike.
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.