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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 seen a push higher in recent trade to 1.3523. It’s hard to pinpoint a particular driver for this break higher, perhaps WTI coming under renewed pressure to shift back towards session lows but still just about within yesterday’s range.
- Elsewhere, GoC underperformance to Tsys has been trimmed somewhat but Can-US 2YY differentials still trade 9bps tighter since Monday’s close pre-CAD CPI, whilst the S&P e-mini has pared post-open gains but remains off earlier lows.
- The pair builds on earlier clearance of resistance at 1.3502 (Aug 8 high) and most now tests 1.3523 (76.4% retrace of May 26-Jul 14 downleg) after which lies 1.3585 (Jun 1 high).
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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