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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 at ~1.345 remains within yesterday’s range, with surprisingly little upward pressure from the S&P 500 e-mini pushing lower to extend yesterday’s second half losses.
- Equity weakness is offset by crude oil pushing higher (+0.75%) and the Can-US 2Y yield differential pushing another 1bp higher (after yesterday’s +4.5bp) to -22bps for highs since early Oct.
- CAD outperforms most high beta peers but lags GBP after stronger wage growth and less so EUR and USD.
- Support is seen at 1.3413 (Feb 9 low) before a key short-term 1.3359 (Jan 31 low) whilst resistance is seen at the bull trigger of 1.3544 (Feb 5/6 high).
- US CPI headlines. Beyond, pertinent FX option expiry is two-sided and only mid-size, with $734m at 1.3500 to the upside along with $550m at 1.3380 and $317m at 1.3350.
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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