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Why MNI
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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 AccessCable: Sep1 NY range $1.2930-95....>
STERLING SUMMARY: Cable: Sep1 NY range $1.2930-95. Sep4 Asia open $1.2955, range
$1.2940-68. Current $1.2952(0500GMT
* Eur/Gbp: NY range Gbp0.9150-0.9220. Asia open Gbp0.9160, range Gbp0.9160-75.
Current Gbp0.9175(0500GMT)
* Cable touched $1.2995 on initial NFP react then reversed to $1.2940. recovery
to $1.2978 then settled between $1.2950-60.
* The headline miss in NFP, as well as disappointing AHE drew suggestions that
result would not deter another Fed rate hike.
* N.Korea weekend nuclear test prompted risk off plays into the early Asia open.
* Cable closed in NY at $1.2941, opened Asia $1.2955 the dipped back to mark
lows of $1.2940.
* Rate recovered as Tokyo walked in, corrected the Usd/Jpy react dip, with risk
off positions pared took cable to $1.2968.
* Rate slowly drifted off into the Asian afternoon, settled between $1.2950/55
into Europe.
* US Labor Day expected to keep markets fairly subdued.
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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.