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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
[amended to specify 2022 for the major resistance at Oct 13, 2022 high]
- USDCAD has pushed to a new high of 1.3865 as WTI holds most of its earlier intraday losses helped by Israel-Hama ceasefire headlines and equity futures pushing session lows, and in a move that's seen an additional leg after a large upward revision to 1Y consumer inflation expectations in the US.
- It’s seen a fleeting clearance of a key resistance at 1.3862 (Mar 10 high), which if sustained opens firmer still resistance at 1.3977 (Oct 13, 2022 high).
- GoC outperformance to Tsys doesn’t help at the margin, with 2Y GoC yields -2.5bps vs -0.5bps, and the 10Y CAN-US differential plumbing new recent lows of -85.5bps.
- CAD lags all but CHF on the day, continuing its run of underperformance to most majors seen this week.
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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