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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 tilted to session lows of 1.3475 with oil pushing higher, but the pair remains within yesterday’s pre- and post-CPI range.
- It bottomed out at 1.3467 yesterday whilst support is still seen as exposed, with 1.3420 (Mar 8 low) and then a key 1.3359 (Jan 31 low).
- Tomorrow’s focus is on US PPI and retail sales, with Canadian final mfg sales of far lesser note.
- It also sees decent-sized option expiry skewed higher, with a combined $1.25bn at 1.3500 and 1.3525, plus further away a solid $1.04bn at 1.3600.
- Today’s limited macro slate saw the Canadian household debt service ratio hold at 15.0% in Q4 after a downward revised 15.0 (initial 15.2) in Q3. Rather than pushing to new record highs, it’s instead plateaued at joint record highs seen previously in 2007 and 2019.
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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