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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.
BRAZIL
- Brazil Calls FX Swap Auction, Offers as Much as 10,000 Contracts (BBG)
- Announcement comes as USDBRL (+2.36%) had broken above firm resistance at 4.9227 the 50-day EMA, while probing the next resistance point at 4.9846, the Mar 11 low, ahead of the psychological 5.00 mark.
- A clear break above this moving average would potentially alter the technical picture, which up to this point has remained bearish overall, with bounces having been considered corrective.
- Volatile price action comes amid continued greenback strength with EURUSD narrowing the gap with 1.0636, the March 2020 low.
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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