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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 has pulled back from session highs after struggling to hold a break north of 1.30 for the second day running, currently -0.06% at 1.2988.
- The session high of 1.3019 had briefly cleared both Friday’s high of 1.3009 and 1.3012 (3% upper Bollinger band) to open focus at 1.3035 (61.8% retrace of Jul 14 – Aug 11 downleg).
- CAD should still see some near-term support from front-end Can-US yield differentials at +15.5bps, despite being trimmed slightly, along with CFTC non-commercial net longs extending further last week to 18% OI to fresh highs since Jun’21, although this could be put to the test in the run up to Jackson Hole.
USDCAD (white) and 2Y Can-US yield differential (blue)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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