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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 climbed this morning with a high of 1.3274 coming close to key resistance at 1.3282 (50-day EMA), with clearance required to highlight a reversal off the bear trigger at 1.3093 (Jul 14 low).
- Broader USD strength today sees CAD pivot to outperforming high beta peers and especially AUD after the RBA held vs market pricing 35% chance of a hike.
- The day’s largest option expiries for USDCAD at the NY cut are all tilted to higher strikes but are of limited size (largest $288M at 1.3300).
- There is the S&P Global Canada PMI at 0930ET today but greater focus will no doubt be on US JOLTS and ISM, with the next main CAD driver the labour report on Friday.
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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