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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 at 1.3370 keeps to the day’s narrow ranges and close to yesterday’s low of 1.3350.
- The trend outlook remains bearish, with support seen at 1.3320 (Aug 4 low) after which lies 1.3283 (76.4% retrace of Jul 14 – Nov 1 bull phase).
- Today sees light dockets for both USD and CAD legs, leaving headlines/flow more likely in the driving seat. 5Y GoC supply leads the local session over lower tier data with weekly consumer confidence (0800ET) and investment in building construction for Oct (0830ET). Greater focus is on tomorrow’s CPI release.
- Latest CFTC data for futures positioning showed CAD net shorts trimmed from 29% to 26% of OI for Dec 12, the smallest since late Oct having peaked at 34% in mid-Nov.
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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