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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 lifted off just over 30pips off an earlier fresh low of 1.3517 with equity futures drifting lower.
- CAD sits mid-pack of G10 FX ahead of the November labour report due at 0830ET.
- The technical set-up sees the pair moving southbound and it earlier took a step closer to support at 1.3496 (50% retrace of Jul 14 – Nov 1 bull phase). In the event of a softer than expected jobs report, there is scope to rally with resistance not until 1.3675 (20-day EMA).
- Potentially biasing against that southbound trend at least today is solid option expiry for the NY cut, at 1.3600 ($1.1bn) and 1.3620 ($0.9bn).
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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