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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.
ILS
- Chart of the day: USDILS "on the edge of the cliff" continues to bring some attention.
- The pair is through another multiple decade low, now lowest since March 1996, and no signs of the Central Bank and potential intervention.
- A few supporting factors have been, greater expectations of an interest rate hike, expected inward investment, the less likelihood of CB's intervention in FX as well as the recovery in Global Equities.
- Next support is at the 1996 low, 3.0790.
- Below the latter, the 1995 low at 2.9680.
- Further out, the 1994 low at 2.9390.
Chart source: Bloomberg
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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