CORRECTED-MNI: Fed's Hammack-Near Or At Time To Slow Rate Cuts

MNI BRIEF: Fed's Goolsbee Sees Rates Fair Bit Lower In A Year

CANADA JOBLESS RATE +6.8% VS FORECAST +6.6%, PRIOR +6.5%

MNI China Daily Summary: Friday, December 6

MNI: PBOC Net Drains CNY288.1 Bln via OMO Friday

MNI: PBOC Sets Yuan Parity Lower At 7.1848 Fri; -1.64% Y/Y

MNI: UNIV OF MICHIGAN CONSUMER SENTIMENT PRELIMINARY DEC INDEX 74.0

CANADA NOV IVEY PURCHASING MANAGERS INDEX 52.3 SA

EZ/UK Bond Supply Calendar: Austria, UK Auction on Tuesday

MNI EXCLUSIVE: EU-Mercosur Deal Close, But Likely Short-Lived - Officials

AUSTRALIA: 2025 Election Outcome Looking More Uncertain According To Newspoll

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

Edges Higher With All Eyes On Elex Results

USD

Early results of U.S. elections have only stirred the pot, pushing the DXY higher. The index last sits +10 pips at 93.65, with all eyes on incoming reports. So far, Trump has pretty much done what he needed to stay in the game and continues to lead in Florida, which turns focus to Ohio & Pennsylvania.

  • From a technical perspective, a move through the 100-DMA/Oct 2 high at 94.19/29 would signal potential for further gains, bringing Sep 25 high of 94.74 into play. On the flip side, a slide past the 50-DMA/Nov 3 low at 93.37/29 would please bears, exposing key support from Oct 21 of 92.47.
  • For the record, we've got some U.S. data coming up today, including ADP employment change, trade balance, final Markit Services & Composite PMIs & ISM Services Index.
BulletMarketsForeign Exchange Bullets
BulletMarketsForeign Exchange Bullets

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.