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Policy
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Exclusive interviews with leading policymakers that convey the true policy message that impacts markets.
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Exclusive interviews with leading policymakers that convey the true policy message that impacts markets.
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Global Macro
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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 Gilt Week Ahead: Triple issuance week?
MNI US MARKETS ANALYSIS - French Politics Undermines EUR
MNI US OPEN - Trump Warns BRICS Over Moving Away From USD
DXY is steady at 97.64. WTI last trades......>
DOLLAR: DXY is steady at 97.64. WTI last trades ~$0.30 higher, with gold unch.
- BBG cited sources who said that U.S. President Trump's legal team has
investigated options of removing Jerome Powell as Fed Chair. Elsewhere,
yesterday brought headlines stating that the U.S. and China are set to resume
trade talks, while their respective Presidents will meet at next week's G20.
- Having edged lower through yesterday's Asia-Pac session, the dollar index
rallied in the European morning as dovish comments from ECB Pres Draghi damaged
EUR. As a reminder, Draghi said that rate cuts remain in the ECB's toolkit,
while additional stimulus may be needed if outlook fails to improve. DXY then
gyrated through the rest of the day, posting a knee-jerk spike lower on
headlines re: demoting Powell.
- Bears look to the 50-DMA & 21-DMA, located at 97.51 & 97.43 respectively.
Bulls target the May 3 peak at 97.80, ahead of the psychological 98.00 barrier.
- U.S. focus today turns to the FOMC monetary policy decision & subsequent
presser with Fed Chair Powell, with markets setting the Fed a particularly high
bar to avoid disappointment.
To read the full story
Sign up now for free trial access to this content.
Please enter your details below.
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.