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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.
FOREX
- Single currency weakness is garnering much attention to start the week as the post-NFP declines for EURUSD have built momentum and have been exacerbated by heightened political concerns.
- Weak results in the European parliamentary elections and the decision by French president Macron to call a snap election have prompted broad based Euro weakness. EURUSD traded sharply lower Friday and the pair has weakened 0.5% again today. Price has breached the 20-day EMA, and this has been followed by a break of support at 1.0788, the May 30 low.
- Wednesday’s key US CPI data and the June FOMC meeting will naturally take focus for EURUSD, however, the independent Euro weakness thrusts multiple EUR crosses into the spotlight, that have been breaching/approaching significant technical levels.
- Full piece here:
EURGBP Confirms Close Below 0.8500, Extends Below Bear Trigger
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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