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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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Free AccessMNI Gilt Week Ahead
A mixed day for currency's as NA geared up....>
FOREX: A mixed day for currency's as NA geared up for the Thanksgiving holiday,
once again the dollar was lead by gold and US Tsys yields. Trading and volumes
were light as the market looked to tomorrow's release of the FOMC minutes.
-Aussie: Markets awaited a speech from Governor Lowe for direction. Remarks that
said "if economy improves next interest rate move more likely to be up,"
triggered fresh appetite to $0.7572, before fading.
-The pair received a lift, as gold saw a fresh wave of demand and US Tsys yields
fell. The price went on to print fresh session highs of $0.7590 before fading.
-Yen: Persistent supply via the crosses and gold spiking saw Usd-Jpy squeeze out
a fresh low of Y112.18 in early NY.
-The dollar pared back some of its gains as US Tsys yields slipped with the rate
drifting back towards Y112.35.
-Euro: Following a demand for yen across the board eur/yen came under pressure,
eur/usd followed suit, dropping to fresh session lows of $1.1713 in early NY.
-The pair recovered through the NY session with the rate grinding to recovery
highs of $1.1752 before fading. Moves continued were dictated by commodities.
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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.