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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 US MARKETS ANALYSIS - CAD Slips as Trump Looks to Tariffs
MNI China Daily Summary: Tuesday, November 26
MNI BRiEF: Riksbank Puts Neutral Rate In 1.5 To 3.0% Range
Consolidation remains in play, after..........>
CABLE: Consolidation remains in play, after sterling gained a boost Wednesday on
the back of EU Brexit negotiator Barnier comments which seemed to soften their
stance. Cable did see highs early Thursday of $1.3043(meeting resistance around
the 50-dma, today lower at $1.3037) before it was pulled down to $1.2985 in
early NY as rate trailed EUR/USD's stronger corrective pullback. This in turn
allowed EUR/GBP to extend its recent pullback, from Wednesday high of Gbp0.9099
to Gbp0.8954. Cable recovered back above $1.3000 ahead of the Thursday close,
Asia confining trade to $1.3004/25 with early Europe so far respecting that
high. Month-end and bank models said to show strong USD sell signals, which
could counter any month-end EUR/GBP demand. Cable has a decent sized option
expiry at $1.3000 for today's NY cut for Gbp969mn which may act to keep the rate
anchored close by. Cable resistance now seen at $1.3037/43, support into $1.3000
ahead of $1.2985.
To read the full story
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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.