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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 at 1.3785 has tilted a little lower after setting fresh YTD highs of 1.3814 overnight, with the dip coming from pre cash open gains for equity futures.
- The bull cycle has opened 1.3855 (Nov 10, 2023) after which lies a key 1.3899 (Nov 1, 2023 high).
- However, the pair flashes overbought on a 14-day RSI basis – it was last overbought for any meaningful duration in Aug’23 and before that Mar’23.
- Today’s heaviest option expiry sees $758mn at 1.3700, with a more notable $1.29bn at 1.3800 tomorrow.
- Housing starts provide a warm-up at 0815ET before the main data with CAD at 0830ET. There is however Macklem’s discussion with Powell (1315ET) and the Budget (from 1600ET) still to come.
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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