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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 has pulled back off highs of 1.3741 but at 1.372 still consolidates yesterday’s shunt higher on broad USD strength.
- CAD sits mid-pack for G10 FX on the day but outperforms high beta peers despite crude futures being under pressure, with WTI off lows but still down -0.8%. It's helped at the margin by GoCs underperforming an already sizeable bear steepening in Treasuries.
- Resistance is seen at the bull trigger of 1.3786 (Oct 5 high), after which lies 1.3805 (Mar 24 high), whilst support is seen at 1.3569 (Oct 10 low) seen ahead of US CPI.
- Cumulative option expiry around the mid-1.36s for today’s NY cut: 1.3650 (602m), 1.3680 (313m), 1.3640 (237m).
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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