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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.
USD
- EURUSD and Cable continues to drift lower, a function of the broader base buying of USD.
- DXY is through session low, and EURUSD breaks below yesterday's low.
- Next support for the pair is seen towards 1.0659 0.764 proj of the Feb 10 - Mar 7 - 31 price swing
- Yesterday's low in Cable is at 1.2698 Low Apr 25.
- A clear break through the latter opens to 1.2698 Low Apr 25.
- As noted earlier, USDNOK is now testing that December high.
Chart source: MNI/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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