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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 has pushed back above 1.32 overnight and sits within 10 pips of session highs at 1.3235.
- The negative Can-US 2Y yield differential has widened slightly further but at 2.5bps it's small compared to the 12bp move after softer CAD core CPI and stronger US data yesterday.
- The technical set-up suggests the bounce off yesterday’s trend low of 1.3117 could be corrective with the trend outlook remaining bearish. A continued push higher could test 1.3246 (Jun 21 high) and open firmer resistance at 1.3286 (20-day EMA).
- Sintra comments including Powell at 0930ET are the main near-term focus with a very light domestic docket (Q1 population estimates possibly the pick).
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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