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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 -0.4% at 1.2856 for just a few pips off session lows on the continued downward pressure from an earlier strong Canadian CPI print.
- A hawkish reaction to remarks from BoC’s Macklem drives sizeable underperformance in GoCs to Treasuries, especially at the front end with 2Y GoCs +13.5bps vs +6.5bps for Tsys.
- The result is the highest front end Can-US differential since the stellar US payrolls report for July at +9bps, which combined with solid equities has helped offset the hit from oil falling further.
- Currently testing the 50-day EMA at 1.2862, next support is seen notably lower with the 200-dma at 1.2748 and then a key level at 1.2728 (Aug 11 low) required to be cleared to meaningfully reinstate a technical bearish threat.
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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