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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 AccessAs early risk appetite fades the USD stages...>
FOREX: As early risk appetite fades the USD stages a comeback ahead of the NY
crossover with some pointing the move to a Reuters story that said China will
ask the World Trade Organisation next week for permission to impose sanctions on
the United States. EURUSD dips back under $1.1600 to $1.1591 with the Asia low
providing support at $1.1578. Despite well received UK Employment data, GBPUSD
is off its best levels of the day to hold $1.3025/30. JPY cross pare early gains
with both EURJPY & CADJPY now below the 100-dma, this level will be monitored
around the close today. AUDUSD flirts with $0.71, targeting a break of earlier
lows at $0.7092. The DXY now comfortably holds above the 95 level and 50-dma to
95.20, the US10y holds near the peak of its narrow range at 2.9571%, while gold
is back under pressure at $1193.
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.