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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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Free Access-DXY shot higher this morning on the..........>
FOREX: -DXY shot higher this morning on the report, "*CHINA IS SAID TO OFFER
PATH TO ELIMINATE U.S. TRADE IMBALANCE"-bbg. However, much of the strength is
stemming from USDJPY which broke to a new, post-flash crash, high of 109.89.
Rate extends the day's gains, placing EUR/USD under further pressure touching
lows of 1.1352, and helping lift USD/JPY closer to the best levels of the year.
-The release of much stronger-than-expected Canada CPI data triggered CAD demand
across the board. Lower gas prices were offset by higher prices for various
services such as airfares, which saw USDCAD touch react lows of 1.3233. China
trade news caused a spike in oil, which led to a climb in USDCAD. Oil made new
session highs late into the US session causing USDCAD to climb back to 1.3274
-GBPUSD holds below the 100-dma of 1.2890, currently at 1.2876 prior to the US
close. Bears target a weekly close below the 100-dma at 1.2891, a break opens
cloud top support at 1.2868, ahead of the Jan 16 low at 1.2825.
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.