Free Trial

Ahead of month-end CACIB'S Preliminary........>

FOREX
FOREX: Ahead of month-end CACIB'S Preliminary signal suggests strong USD buying.
They add, our model expects month-end flows to be strong USD buying across the
board. Global equity markets have sold off across the board this month. The S&P
500 has fallen 7% since the start of October (at the time of writing), with
similar sharp declines in the other G10 equity markets. The weaker risk tone has
also seen broad USD gains vs the other G10 pairs this month, apart from against
JPY. However, this USD outperformance has barely offset any of the marked
underperformance seen in US equities when adjusted for market capitalisation; as
such, this suggests month-end portfolio-rebalancing flows are likely to be
strong USD buying across the board.

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.