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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 AccessMNI EUROPEAN MARKETS ANALYSIS: China Equities Lower Post CEWC
MNI EUROPEAN OPEN: Sharp Fall In China Bond Yields Continues
CAD trades at its best level since mid October
- The Dollar is now more mixed against G10, was down overnight, faded some weakness after Equity fell on the EU Cash Govie open, despite the bid in Bonds futures.
- Equities are off their lows, and USD is now flat versus the GBP, CHF, EUR, SEK and NZD.
- CAD is the best performer and trades through its best level since mid October, after clearing initial support at 1.3591, the 38.2% of the July/November gain.
- Next area of interest is at 1.3569/55 Low Oct 10 / 1.0% 10-dma envelope.
- Worst performer is still the NOK, with the Scandies not finding any support from WTI pushing higher and back towards $76.
- Resistance in USDNOK is seen towards 11.7550.
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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.