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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.
CANADA
- USDCAD trades towards the middle of the day’s elevated levels having earlier set new recent highs of 1.3556 at it continues a push towards 1.3585 (Jun 1 high).
- Technically overbought conditions on a 14-d RSI basis in the past couple days haven’t prevented the pair pushing higher, and a more concerted push higher would ultimately open a key resistance at 1.3655 (May 26 high).
- The nearest strike of note for today’s option expiry at the NY cut is $590M at 1.3550, after yesterday’s $1B expiry at 1.3490 appeared to have had some sway in the lead up to 1000ET.
- IPPI and raw materials prices headline the docket and after core CPI moderated by less than some had hoped in trend terms on Tue.
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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