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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 has for the second day running pushed to new recent highs in London hours before pulling back, today with 1.3672 after yesterday’s 1.3670 for levels last seen in March.
- A renewed push higher could test resistance at 1.3708 (1.0% 10-dma envelope) and 1.3723 (trendline resistance drawn from the Oct 13, 2022 high).
- Today sees the BoC decision at 1000ET where there should be focus on what aspects of mixed data the BoC puts weight on, but we also see important data for labor productivity in Q2 after its recent torrid trend.
- This decision lands along with a heavy $1.59B of option expiry at 1.3600 and $495m at 1.3625 for the NY cut, with spot currently 1.3642 for a level pushing the pair back near overbought territory for a level pushing the pair back near overbought territory..
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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