Free Trial
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 at 1.3584 has pulled back towards the middle of the day’s range, with equity futures having pared earlier losses and WTI bouncing back closer to earlier highs.
- The overnight push lower to 1.3541 has reinforced a bearish extension for the pair, with next firmer support seen at 1.3496 (50% retrace of Jul 14 – Nov 11 bull phase).
- CAD outperforms most high beta peers except NZD after the RBNZ's hawkish hold, benefiting from intrasession USD strength even if it's currently only back at yesterday's levels.
- Tomorrow sees an important session. The CAD docket sees GDP for Q3 and Sep/Oct advance headline data as well as bank earnings for RBC, TD and CIBC with potential credit loss provisions in focus. The USD side sees data including monthly PCE and weekly initial claims amongst others.
- It’s clearly far below spot but there is nevertheless heavy expiry for tomorrow’s cut with $2.7bn at 1.3000.
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.
We are facing technical issues, please contact our team.
ok
Your request was sent sucessfully! Our team will contact you soon.
ok