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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 sees decent downward pressure as CAD leads the pack aside from a resurgent NOK on stronger inflation data.
- Touching a low of 1.3317, it tests Wednesday’s post-BoC low of 1.3322 after which sits two close support levels with 1.3315 (May 8 low) before the key 1.3302 (Apr 14 low).
- The move comes ahead of the CAD jobs report at 0830ET. Quick blurb on that to follow.
- Option expiry generally skewed higher: the day’s largest, and heavy, expiries are all at notably higher strikes with 1.3500 ($2.1B) and 1.3450 ($1.69B) but closer by we see 1.3350 ($288m), 1.3365 ($455m), 1.3400 ($767m).
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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