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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
- Adding to the above on the USD shift lower, USDCAD in particular has dropped to ~1.36 for now 80 pips below pre-retail sales levels (which were stronger than expected, especially the Oct flash, but with softer underlying details for September).
- The move, aided by a bounce in WTI but coming despite the S&P e-mini far off best levels, has seen little sway from large option expiry at the earlier cut and has cleared a key support at 1.3629 (Nov 6 low).
- Clearance confirms a short-term reversal and opens 1.3569 (Oct 10 low).
- CAD has swung from underperforming high beta peers to currently leading the G10 FX pack on the day.
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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