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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
- Equity futures extending highs helps tilt USDCAD a little lower still as it extends post CAD GDP/US ECI moves.
- Touching as low as 1.3787, the pair has pushed below support at 1.3797 (Jul 25 low), opening 1.3749 (20-day EMA) and 1.3707 (50-day EMA).
- Tomorrow’s option expiry remains on the lighter side with the FOMC decision still to come today, with $450m at 1.3795 for the more notable of nearby strikes.
- Recall the heavy CAD net short backdrop, with CFTC data showing a historically large 51% of OI the day before last week's BoC decision.
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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