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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 sits almost unchanged on the day, likely with an eye on Wednesday’s BoC decision.
- In doing so it surprisingly fades the current 1.3% rally in e-mini S&P and CAD underperforms other risk-sensitive majors.
- Updated late Friday, CFTC positioning from last Tue (i.e. capturing the key final inputs from the BoC surveys and CPI inflation) showed only a small reduction of CAD net shorts from -23% to -20.6%, hovering at levels last seen in Oct’21 and in the past couple years not held at for more than a few weeks.
- If indicative of broader positioning, it could set a backdrop for some short-term CAD outperformance but much will likely still depend on risk sentiment and US equities in particular despite today's fading.
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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