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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 touches a session high of 1.2895 (+0.2%) with a small firming in DXY on the day plus an intra-session rolling over of S&P E-minis and WTI.
- It nudges above initial resistance at 1.2892 (Aug 3 high) to tentatively open firm resistance at 1.2947 (Jul 25 high) with a break required to change a technically bearish outlook for the pair with support seen at 1.2767 (Aug 1 low).
- Sizeable option expiry at today’s cut-off, the nearest significant amount being 1.1B at 1.2900 but also with a large 1.6B at 1.2800.
- US and Canadian labour reports both hit at 0830ET, with consensus for the noisier CAD report seeing a small bounce back in employment but a slight rise in the u/e rate from the record low 4.9% (lowest since at least 1976) to 5.0%.
USDCAD poised to swing either waySource: 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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