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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.
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Free AccessAntipodeans get decent bump on healthy........>
FOREX: Antipodeans get decent bump on healthy Chinese GDP
-Chinese growth figures in Q2 came in relatively healthy, growing at 1.6% across
the quarter, keeping Y/Y figures well above 6.0%. The release helped support the
likes of AUD and NZD, with NZD/USD nudging north of the 200-dma at $0.6716, with
AUD/USD doing the same with the 100-dma.
-EMFX trades slightly firmer, also benefiting from the soothing Chinese numbers,
with ZAR and TRY notching up gains against most others. This has kept USD/TRY
pinned under the 100-dma at 5.7476.
-GBP is the poorest performer across G10, falling against all others as markets
trim gains from the decent recovery seen last week. New Brexit news has been
thin on the ground, but likely PM Boris Johnson's plans to keep a No Deal Brexit
on the table aren't helping matters.
-The Monday calendar is particularly thin, with US Empire Manufacturing and a
speech scheduled from Fed's Williams the highlights. US corporate news picks up
though, with earnings releases this week due from Citigroup, J&J, JPMorgan,
Wells Fargo, BofA, Microsoft and Netflix among others.
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.