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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 at 1.331-1.3315 has nudged off the earlier high of 1.3329, proving relatively resilient to a latest further step down in crude futures whilst equity losses have tentatively stabilized.
- The earlier lift cleared initial resistance at 1.3295 (Dec 25 high) to open a firmer 1.3371 (Dec 20 high).
- The technical trend sees a bearish outlook but tomorrow’s option expiry could help bias higher with a combined $1.5bn between 1.3330-1.3340 at the NY cut.
- As noted earlier, the increase has helped the pair move away from notably oversold conditions on a 14-day RSI basis.
- GoCs underperform Tsys at the belly and longer-end, with 5Y and 10Y differentials narrowing 2-2.5bps to -66bp and -75bp respectively but remaining within recent ranges.
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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