Free Trial
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 appears reluctant to see a push back above 1.32, having topped out yesterday at 1.3193 and today at 1.3195, at least for now.
- Resurgent USD strength sees CAD outperform all other majors on the day except AUD after the strong jobs gain overnight.
- A more concerted push higher could see resistance at 1.3229 (20-day EMA), whilst the day’s low of 1.312 came closer to but didn’t trouble longstanding support at 1.3084 (1.618 proj of Apr 28–May 8–May 26 price swing).
- There’s decent cumulative option expiry at nearby strikes for tomorrow’s NY cut, with $631m at 1.3155 and $379m at 1.3145, which could limit upside moves in the interim, although the largest of the day lands at 1.3300 with $732m.
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.
We are facing technical issues, please contact our team.
ok
Your request was sent sucessfully! Our team will contact you soon.
ok