Free Trial

A quiet start of the week with once again.....>

FOREX
FOREX: A quiet start of the week with once again most of the action happening in
Equities.
-US Equities hit limit down during the cash open and triggering the first
circuit breaker at 7%.
-SPX nearly hit the second one at -13%, but managed to bounce after trending
towards -12.5%.
-In G10, USD was mostly better bid keeping the the likes of the EURUSD and
GBPUSD upside capped.
-EMFX continued their afternoon session from where they left off this morning,
trending lower on the back of the Risk sentiment.
-So Fed is looking to pump some liquidity into the system that should keep
credit premium down, and this will likely continue to favour USD buying at least
short term, against most global currencies.
-AUD has continued lower, albeit in small with thinner liquidity.
-NZD has recovered somewhat, post the overnight surprised 75bps cut.
-More EU countries are going for potential full lockdown.

To read the full story

Close

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.