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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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Get the latest on Central Bank Policy and FX & FI Markets to help inform both your strategic and tactical decision-making.
Free AccessMNI POLITICAL RISK - Trump's First Post Election Interview
MNI POLITICAL RISK ANALYSIS - Week Ahead 9-15 Dec
CEEMEA FX Price Signal Summary - USDZAR Sights Are On Key Resistance
- The recent sell-off in USDZAR appears to have been a correction and the recovery since Feb 2 is a positive development . Key support has been defined at 18.1092, the Dec 15 low. Initial support to watch is at 18.5385, the Jan 12 low. A break of this level would be a bearish development, that would expose 18.1092. For bulls, sights are on 19.2180, the Jan 22 high. Clearance of this level would confirm a resumption of the uptrend and open 19.6399, the Oct 6 ‘23 high.
- The path of least resistance in USDTRY is unchanged and remains up as the USD continues to appreciate against TRY. Initial support lies at 30.3933, the 20-day EMA. Sights are on the 31.00 handle.
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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.