MNI BRIEF: China Visitor Mobile Payments Surge in H1

MNI China Daily Summary: Friday, July 26

MNI BRIEF: Foreign Firms Content In China

MNI BRIEF: Turkish Inflation Expectations Steady- TEBA

MNI China Press Digest July 26: Deposit Rates, Fiscal, PBOC

MNI: PBOC Net Injects CNY299.05 Bln via OMO Fri

MNI: BAKER HUGHES US RIG COUNT 589; OIL RIGS 482; GAS RIGS 101

MNI: UNIV OF MICHIGAN CONSUMER SENTIMENT FINAL JUL INDEX 66.4

EZ/UK Bond Supply Calendar: BoE Short APF Operation on Monday

RPT-MNI: Canada Sticks To Fiscal Anchors, Spends Chunk Of Windfall

© 1982-2024 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

Dollar Index Pressing Fresh Session Highs In Late Trade

FOREX
  • The greenback has maintained its upward momentum on Thursday amid higher US yields and moderately weaker major equity indices in the US. The USD index (0.65%) is printing fresh session highs as we approach the APAC crossover.
  • EUR, GBP, AUD and NZD are all showing declines just shy of 1% with most majors reversing the moves seen on Wednesday. This leaves the DXY broadly unchanged on the week and places the near-term focus on Friday’s ISM Services PMI in dictating the greenback’s momentum into the week’s close.
  • Having previously breached resistance, EURUSD has traded back below the 50-day EMA, at 1.0659. The short-term focus on the downside would be a break of 1.0533, Monday’s low, which would resume the bear cycle and initially open 1.0484, Jan 6 low and key support.
  • Relatively outperforming on Thursday is the Canadian Dollar, less affected by the renewed greenback strength. USDCAD is consolidating, however, bulls remain in the driver’s seat for now and sights are on the key short-term resistance at 1.3705, the Dec 16 high. A clear break of this hurdle would strengthen bullish conditions and clear the way for a test and break of the 1.3800 handle.
Energy BulletsCommodities
Energy BulletsCommodities

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.