MNI China Daily Summary: Wednesday, February 19

MNI BRIEF: China Jan Utilised FDI Lower Than Last Year

MNI BRIEF: China Unveils Plan To Attract Foreign Investors

MNI BRIEF: China To Ensure Credit Supply For Private Companies

MNI BRIEF: China Bond Connect Holdings Down In January

MNI: China Tier-one Housing Markets Likely To Stabilise

MNI: US MBA: MARKET COMPOSITE -6.6% SA THRU FEB 14 WK

EZ/UK T-Bill Calendar: 1/3/6-Month UKTB Auction on Friday

MNI: UK JAN CPI -0.1% M/M, +3% Y/Y

GERMANY: Economy Ministry Lowers 2025 Growth Forecast As Expected

MNI EXCLUSIVE: EU-Mercosur Deal Close, But Likely Short-Lived - Officials

GERMANY: Kukies Considers Potential Non-Implementation Of 2024 Suppl' Budget

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FOREX: USDCAD Bear Cycle Extending, Canada CPI Awaited Next Week

FOREX
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  • Amid the worsening short-term outlook for the greenback, Canadian dollar positioning appears to leave USDCAD (-0.25%) equally susceptible to a deeper extension lower. The selloff on Thursday bolsters this thesis, with the pair extending its short-term technical bear cycle.
  • Ongoing strength for equities is boosting risk-sensitive currencies in G10 as markets build Russia/Ukraine optimism and yesterday's tariff announcement appears to allow plenty of time for negotiation.
  • A key support at 1.4261, the Jan 20 low, has been cleared and this signals scope for a move towards 1.4107 initially, a Fibonacci retracement. Below here, 1.4011 (Dec 5 low) will garner attention.
  • Canada CPI headlines the domestic calendar next week, the final inflation reading the BOC will receive before its March 12 decision.
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  • Amid the worsening short-term outlook for the greenback, Canadian dollar positioning appears to leave USDCAD (-0.25%) equally susceptible to a deeper extension lower. The selloff on Thursday bolsters this thesis, with the pair extending its short-term technical bear cycle.
  • Ongoing strength for equities is boosting risk-sensitive currencies in G10 as markets build Russia/Ukraine optimism and yesterday's tariff announcement appears to allow plenty of time for negotiation.
  • A key support at 1.4261, the Jan 20 low, has been cleared and this signals scope for a move towards 1.4107 initially, a Fibonacci retracement. Below here, 1.4011 (Dec 5 low) will garner attention.
  • Canada CPI headlines the domestic calendar next week, the final inflation reading the BOC will receive before its March 12 decision.