Free Trial

Choppy trade during President...........>

EURO-DOLLAR
EURO-DOLLAR: Choppy trade during President Draghi's press conference touched
lows of $1.1307 on growth risks have moved to the downside remarks, before
staging a decent recovery to the $1.1370/75 area. Trendline support off the Nov
lows comes in today at $1.1345 and will be monitored around the close, below
here opens the 50-mma at $1.1327, ahead of a run at the $1.1300 level. A topside
break of $1.14 opens the potential of a move toward the 100-dma at $1.1452. Last
$1.1367. 

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.