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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
- USDCAD fleetingly pushed above the highs of 1.3815/1.3816 from the past two days, touching 1.382 before dipping 10 pips with a lift in the S&P emini.
- The pair trades sideways on the day despite WTI pushing higher and some further GoC underperformance to Tsys (2Y diff -44bps, 10Y diff -77bps for tightest since mid-Oct)
- Next resistance is seen at a bull trigger of 1.3899 (Nov 1 high), whilst UBS has recently noted it doubts markets will push USDCAD north of 1.39-1.41 whilst recommending selling upside.
- Nearest expiry of any reasonable size is $644m at 1.3800 for today’s NY cut.
- Ahead, the BoC’s Senior Loan Officer Survey at 1030ET is the only local event of note though, with the pair otherwise leaning on the US docket and broader risk sentiment.
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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