-
Policy
Policy
Exclusive interviews with leading policymakers that convey the true policy message that impacts markets.
LATEST FROM POLICY: -
EM Policy
EM Policy
Exclusive interviews with leading policymakers that convey the true policy message that impacts markets.
LATEST FROM EM POLICY: -
G10 Markets
G10 Markets
Real-time insight on key fixed income and fx markets.
Launch MNI PodcastsFixed IncomeFI Markets AnalysisCentral Bank PreviewsFI PiFixed Income Technical AnalysisUS$ Credit Supply PipelineGilt Week AheadGlobal IssuanceEurozoneUKUSDeep DiveGlobal Issuance CalendarsEZ/UK Bond Auction CalendarEZ/UK T-bill Auction CalendarUS Treasury Auction CalendarPolitical RiskMNI Political Risk AnalysisMNI Political Risk - US Daily BriefMNI Political Risk - The week AheadElection Previews -
Emerging Markets
Emerging Markets
Real-time insight of emerging markets in CEMEA, Asia and LatAm region
-
Commodities
-
Credit
Credit
Real time insight of credit markets
-
Data
-
Global Macro
Global Macro
Actionable insight on monetary policy, balance sheet and inflation with focus on global issuance. Analysis on key political risk impacting the global markets.
Global MacroDM Central Bank PreviewsDM Central Bank ReviewsEM Central Bank PreviewsEM Central Bank ReviewsBalance Sheet AnalysisData AnalysisEurozone DataUK DataUS DataAPAC DataInflation InsightEmployment InsightGlobal IssuanceEurozoneUKUSDeep DiveGlobal Issuance Calendars EZ/UK Bond Auction Calendar EZ/UK T-bill Auction Calendar US Treasury Auction Calendar Global Macro Weekly -
About Us
To read the full story
Sign up now for free trial access to this content.
Please enter your details below.
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.
Real-time Actionable Insight
Get the latest on Central Bank Policy and FX & FI Markets to help inform both your strategic and tactical decision-making.
Free AccessMNI: PBOC Net Drains CNY227 Bln via OMO Wednesday
MNI BRIEF: Aussie Q3 GDP Prints At 0.3% Q/Q
Above $1.21 into Europe. Focus on $1.2125
- Thursday's risk aversion/USD correction reversed through Friday's session with EUR/USD reclaiming Thursday's losses (which had seen rate ease to $1.1994) as it progressed through the 1600BST fix to a high of $1.2100. Rate closed the week at $1.2097.
- Early Asia saw the USD pick up mild demand, led by demand in USD/JPY, which in turn allowed EUR/USD to ease to $1.2089. However, this USD demand faded post Tokyo fix and rate picked up the momentum to take it through $1.2100.
- Triggered buying through the figure then edged rate on to a high of $1.2117 before momentum faded, the rate then easing off to $1.2107 ahead of the European open.
- USD seen under pressure across the board, some traders noting that ECB Lagarde Thursday showed little concern about the recent strengthening in the EUR. US yields currently seen easing into a range, off recent highs, and with vaccine roll out in EZ seen supporting a stronger EUR. Real Money have been noted buyers in recent sessions.
- Support $1.2100, $1.2080/70 ahead of $1.2050. Resistance $1.2117/19(intraday high/falling resistance off 2021 high Jan06, with talk of resistance into $1.2125 highlighted by Asian traders suggesting possible option barrier. A break here could strengthen demand interest. $1.2133 offers a near term swing target, with the top of the 1.0% 10-dma envelope currently coming through at $1.2140.
- Germany Ifo 0800GMT. ECB Panetta speaks at 1200GMT, ECB Lane 1300GMT.
- US Durable Goods 1230GMT
- MNI Techs: EURUSD bulls returned Friday and in the process the pair traded above resistance at 1.2080. The move higher negates a bearish pattern on Apr 20 - a gravestone doji. Instead, the climb reinstates a bullish outlook and attention is on the resistance zone at 1.2116/19, 76.4% of the Feb 25 - Mar 31 sell-off and a bear channel top drawn off the Jan 6 high. A break of the channel resistance would be bullish. Support has been defined at 1.1994.
To read the full story
Sign up now for free trial access to this content.
Please enter your details below.
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.