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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
- Further USD weakness sees USDCAD -0.3% at 1.2738 having dipped below support at the 50-day EMA and then the May 24 low of 1.2765 overnight, next eyeing key short-term support at 1.2714 (May 5 low).
- Largest option expiry happens to be nearby, 730m at 1.2760, plus a further 345m at 1.2750, which could provide some near-term pulling power but they are particularly large expiries.
- CAD continues to yo-yo other high beta risk-on currencies, today lagging without a particular driver.
- Data: No local releases of note leaving attention on a US data dump at 0830ET with the highlight likely PCE & spending/incomes.
USDCAD touches a fresh bear cycle lowSource: 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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