Free Trial

Better bid, despite political risk

EUR

A little perplexed by the EUR bid, as cross assets Estoxx down, with BTP, while Bund stays underpinned, on Italian political concerns.

  • EUR is seeing a broader base buying interest, testing high against AUD, CNH, CHF
  • Also versus RUB CAD and NOK, although Oil price action has been a driver too here.

Quick MNI tech:

  • EURUSD resistance 1.2230/85 High Jan 11 / 8
  • EURGBP resistance 0.8925 High Jan 18

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.