MNI BRIEF: China Visitor Mobile Payments Surge in H1

MNI China Daily Summary: Friday, July 26

MNI BRIEF: Foreign Firms Content In China

MNI BRIEF: Turkish Inflation Expectations Steady- TEBA

MNI China Press Digest July 26: Deposit Rates, Fiscal, PBOC

MNI: PBOC Net Injects CNY299.05 Bln via OMO Fri

MNI: BAKER HUGHES US RIG COUNT 589; OIL RIGS 482; GAS RIGS 101

MNI: UNIV OF MICHIGAN CONSUMER SENTIMENT FINAL JUL INDEX 66.4

EZ/UK Bond Supply Calendar: BoE Short APF Operation on Monday

RPT-MNI: Canada Sticks To Fiscal Anchors, Spends Chunk Of Windfall

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

EUR/USD Fails to Build on Fresh Cycle Highs

FOREX
  • EUR/USD started Asia-Pac trade positively, with the pair bid up to new multi-month highs at 1.0874. This momentum found offers at the high and hit reverse, fading through to European hours where th pair sits broadly flat on Friday's close.
  • The price action is mimicked across equity futures markets, as the e-mini S&P holds just above handle support at 4,000 despite very early strength. Price action and volumes are expected to fade as the day progresses, with US traders absent until Tuesday.
  • NZD is marginally the strongest performer while JPY is the weakest in G10. Price action and ranges are more muted, however, with markets exhibiting more consolidative price action ahead of another back-loaded busy week.
  • With US markets closed for MLK Day, focus remains on the UK, Europe and Canada, with CB speakers today including BoE's Bailey and ECB's de Cos. Canadian datapoints are also due, with the November manufacturing sales and BoC business outlook on the docket.
Energy BulletsCommodities
Energy BulletsCommodities

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.