Free Trial

CIBC summarise "the five reasons......>

DOLLAR-CANADA
DOLLAR-CANADA: CIBC summarise "the five reasons why the CAD needs to fall":
1. CAD data is due to underwhelm
2. There's a trade war going on...
3. The Market Does Not Expect the Bank of Canada to Cut
4. Where is the Growth Coming From?
5. Heavy reliance of foreign portfolio flows
CIBC therefore recommend:
- 6-month 25d USD/CAD calls with a strike at 1.3411
- Short CAD/NOK at market, targeting 6.25 with a stop at 6.6350.
MNI London Bureau | +44 203-865-3809 | edward.hardy@marketnews.com
MNI London Bureau | +44 203-865-3809 | edward.hardy@marketnews.com

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.