Free Trial

Estoxx extends gain

CROSS ASSET
  • Estoxx future extends gains, following the lower German Inflation print.
  • The contract is nonetheless still short of yesterday's high at 4258.00.
  • Main resistance area comes at 4265.00 (Friday's high)/4269.50 (2.236 proj of the Sep 29 - Oct 4 rise from Dec 20 low).
  • USD trades on the backfoot in early trade, a continuation of the overnight session, but FX crosses still trade within yesterday's ranges.
  • Best early performer in G10, is the Kiwi, which is looking to test 0.6359, yesterday's high.
  • Above the latter, opens to 0.6413.

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.