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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.
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Free AccessMNI BRIEF: China November PMI Rises Further Above 50
MNI US Macro Weekly: Politics To The Fore
EUR/USD last trades at ~$1.1585,........>
EURO-DOLLAR: EUR/USD last trades at ~$1.1585, adding ~5 pips in the Asia-Pacific
session thus far.
- The pair was relatively stable early on Monday despite political turbulences
in Europe, with broader USD weakness allowing the pair to print a high of
$1.1606 in early NY trade, before the rate consolidated back below the figure.
- Key themes to watch remain unchanged, namely Brexit matters & Italy's budget.
On Oct 18-19 EU leaders meet at a summit supposed to conclude with a divorce
agreement. At the same time, markets await EU's response to Italy's budget
draft, which was submitted to the European Commission on Monday.
- On the tech side, bulls need a close above $1.1600 to shift their focus to the
100-DMA at $1.1628 and bears need a break of the $1.1535 double-bottom area to
target the Oct low at $1.1432.
- The German ZEW survey headlines the EZ data docket on Tuesday.
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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.