- G10 Markets
- Fixed Income
- Foreign Exchange
- Emerging Markets
- MNI Research
- Global Macro
- Political Risk
- About Us
Exclusive interviews with leading policymakers that convey the true policy message that impacts markets.
- G10 Markets
- Emerging MarketsEmerging Markets
Real-time insight of emerging markets in CEMEA, Asia and LatAm region
Real-time insight of oil & gas markets
Reporting on key macro data at the time of release.
- MNI ResearchMNI Research
Actionable insight on monetary policy, balance sheet and inflation with focus on global issuance. Analysis on key political risk impacting the global markets.
- About Us
Real-time Actionable Insight
Get the latest on Central Bank Policy and FX & FI Markets to help inform both your strategic and tactical decision-making.Free Access
Corrective pullback away from Thursday's......>
CABLE: Corrective pullback away from Thursday's high of $1.2670 extended to
$1.2567 in early Europe, as late NY risk off tone carried over through Asia and
into Europe. Rate recovered to $1.2626 into NY as risk outlook improved on the
back of positive comments concerning Gilead's Remdesivir efficacy. Opening NY
sold back into this recovery, took cable to $1.2585 before a stronger bounce
allowed rate to clear the earlier high, taking rate on to a high of $1.2664.
Despite the firm tone rate could not find the momentum to challenge Thursday's
high, and with USD demand emerging at the 1600BST fix saw rate ease off to
$1.2621 where it met decent support. Rate has nudged back to $1.2635 in thin NY
afternoon trade. EUR/GBP has managed to hold below its key 10-dma (current
Gbp0.9017, though holds off base of its 1.0% 10-dma at Gbp0.8927.
- UK CPI(Jul15) and Employment data(Jul16) next week. BOE speakers also on the
- Cable support $1.2620, $1.2585, $1.2567. Resistance $1.2664/70, $1.2681/88
(76.4% $1.2813-1.2252/Jun16 high).
Sign up now for free access to this content.
Please enter your details below and select your areas of interest.
Why Subscribe to
MNI is the leading providerof 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.