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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 1.37 trades slightly higher on the day (+0.1%) after a lacklustre session with US Thanksgiving.
- CAD underperforms all peers bar Scandis in payback after two days of outperformance.
- USDCAD earlier touched 1.3651 to clear support at 1.3674 (trendline drawn from the Jul 14 low) and open a key support at 1.3629 (Nov 6 low) but has lacked impetus to continue lower in holiday-thinned trade. A push higher meanwhile could bring 1.3777 into sights (Nov 16 high).
- Tomorrow is headlined by US PMIs and CAD retail sales but heavy option expiry for the NY cut could also bias direction. There is a large $3.4bn grouped between 1.3740-1.3770 partly offset by $1.3bn at 1.3575.
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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