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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.
Real-time Actionable Insight
Get the latest on Central Bank Policy and FX & FI Markets to help inform both your strategic and tactical decision-making.
Free AccessMNI ASIA MARKETS OPEN: Tsy Curves Reverse Course Ahead Wed CPI
MNI ASIA MARKETS ANALYSIS:Waiting For Next Inflation Shoe Drop
Key Inter-Meeting Fed Speak – Dec 2024
US TREASURY AUCTION CALENDAR: Avg 3Y Sale
USDCAD Sees Post-CPI Option Expiry Biased Higher, EURCAD In Bull Mode Position
- USDCAD has pulled back for almost unchanged on the day at 1.3621, pulling back from overnight highs of 1.3644 despite a >1% decline in WTI.
- Tight initial technical levels: The earlier high marked a step towards resistance at 1.3660 (20-day EMA) but it’s also close to support at 1.3590 (May 16 low) which it came close to yesterday with 1.3596.
- Today’s NY cut sees a sizeable $944m at 1.3645 whilst other notable expiries are biased higher with $643m at 1.3700 and $647m at 1.3765.
- On other crosses, see our post at 0553ET highlighting EURCAD’s break above a cluster of highs from the past six months around 1.4780, close to recent highs of 1.4822 and with moving averages in a bull mode position.
- Final re-upping of the CPI preview: https://roar-assets-auto.rbl.ms/files/64303/CanadaCPIPrevMay2024.pdf
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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.