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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 trades close to session lows of 1.3454, with high beta peers generally holding up well despite a trimming of earlier gains for WTI and equity futures.
- The pair remains within Friday’s ranges with 1.3424 seen prior to an on balance disappointing retail sales report. Support is seen at the post-CPI low of 1.3381 and resistance at 1.3519 (20-day EMA).
- Latest CFTC data, released late Fri for Tue, showed CAD net shorts near unchanged on the week at 19.5% of OI, although that stood out compared to other high beta peers with AUD and NZD net shorts jumping to 44% and 41% - chart below.
- Amidst lighter dockets in both the US and Canada, today sees decent cumulative option expiry for the NY cut at 1.3405 ($538m), 1.3425 ($565m) and 1.3472 ($556m).
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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