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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 AccessMNI BRIEF: China November PMI Rises Further Above 50
MNI US Macro Weekly: Politics To The Fore
EMFX trades well after.............>
EMERGING MARKETS: EMFX trades well after flattering NFP
-Ahead of the conclusion of Moody's sovereign review on South Africa, ZAR
managed to maintain a modest bidtone, helped along by a very strong Absa
Manufacturing PMI, which beat on both the headline and enjoyed a decent upside
revision to the previous. The short-term outlook rests on the Moody's judgement
due just after the NY close.
-Elsewhere, BRL traded well, keeping USD/BRL either side of the 100-dma and
defending the currency's outperformance since the middle of October as risk
appetite more generally picked up following the firmer Nonfarm payrolls figure.
Disappointing industrial production and manufacturing PMI numbers were shrugged
off, keeping the focus on 200-dma target at 3.9225. Similar price action was
seen in MXN after bulls found firm resistance at the 19.2620 200-dma, which
failed to break Thursday.
-Rate decisions from the Malaysian, Thai, Polish, Czech and Peruvian central
banks are due next week. China's Caixin PMI readings, Indonesian and Philippines
GDP are the data highlights.
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.