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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.
EMERGING MARKETS
- EM equities have been under pressure recently amid the discovery of the new variant 'Omicron'.
- Demand for ‘safe’ assets such as the US Dollar could remain strong in the near term as the rising uncertainty could result in a dramatic downward revision in growth expectations.
- Rising uncertainty and surging USD have historically been associated with weakness in EM risky assets.
- EM equities (MXEF Index) are currently testing their 1,216 support; a break below that level would open the door for a move down to 1,182.90, which corresponds to the 38.2% Fibo retracement of the 751.80 – 1,449.40 range.
Source: Bloomberg/MNI
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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