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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.
EMERGING MARKETS
- Rising uncertainty in June amid Delta variant has increased preference for 'safe' asset such as the USD, sending the Asian DXY lower.
- ADXY index broke below its 200D SMA (108.30) this week; next level to watch on the downside stands at 107.54, which corresponds to the 61.8% Fibo retracement of the 99.96 – 112.22 range, followed by 107.
- On the topside, levels to watch stand at 108.75 (100D SMA), followed by psychological resistance at 109.
- USD strengths could also continue to weigh on EM equities in the coming weeks (currency depreciation is usually associated with equity weakness in the EM markets).
Source: Bloomberg/MNI
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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