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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 is holding its push above 1.36 for now, having touched 1.3612 as it starts to test the bull trigger at 1.3614 (Mar 19 high).
- Clearance here would set new YTD highs and open 1.3623 (61.8% retrace of Nov 1 – Dec 27 bear leg).
- The day’s gains have been aided by equity net weakness, WTI reversing earlier increases and moving beyond some sizeable option expiry at lower strikes.
- Monday’s expiry remains on the heavy side, with 1.3485 ($844m), 1.3495 ($601m), 1.3500 ($950m) and to the upside 1.3700 ($657m).
- CAD isn’t alone in seeing downward pressure today, and in fact outperforms its high beta peers to sit mix-pack on the day.
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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