-
Policy
Policy
Exclusive interviews with leading policymakers that convey the true policy message that impacts markets.
LATEST FROM POLICY: -
EM Policy
EM Policy
Exclusive interviews with leading policymakers that convey the true policy message that impacts markets.
LATEST FROM EM POLICY: -
G10 Markets
G10 Markets
Real-time insight on key fixed income and fx markets.
Launch MNI PodcastsFixed IncomeFI Markets AnalysisCentral Bank PreviewsFI PiFixed Income Technical AnalysisUS$ Credit Supply PipelineGilt Week AheadGlobal IssuanceEurozoneUKUSDeep DiveGlobal Issuance CalendarsEZ/UK Bond Auction CalendarEZ/UK T-bill Auction CalendarUS Treasury Auction CalendarPolitical RiskMNI Political Risk AnalysisMNI Political Risk - US Daily BriefMNI Political Risk - The week AheadElection Previews -
Emerging Markets
Emerging Markets
Real-time insight of emerging markets in CEMEA, Asia and LatAm region
-
Commodities
-
Credit
Credit
Real time insight of credit markets
-
Data
-
Global Macro
Global Macro
Actionable insight on monetary policy, balance sheet and inflation with focus on global issuance. Analysis on key political risk impacting the global markets.
Global MacroDM Central Bank PreviewsDM Central Bank ReviewsEM Central Bank PreviewsEM Central Bank ReviewsBalance Sheet AnalysisData AnalysisEurozone DataUK DataUS DataAPAC DataInflation InsightEmployment InsightGlobal IssuanceEurozoneUKUSDeep DiveGlobal Issuance Calendars EZ/UK Bond Auction Calendar EZ/UK T-bill Auction Calendar US Treasury Auction Calendar Global Macro Weekly -
About Us
To read the full story
Sign up now for free trial access to this content.
Please enter your details below.
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.
Real-time Actionable Insight
Get the latest on Central Bank Policy and FX & FI Markets to help inform both your strategic and tactical decision-making.
Free AccessMNI EUROPEAN MARKETS ANALYSIS: China Equities Lower Post CEWC
MNI EUROPEAN OPEN: Sharp Fall In China Bond Yields Continues
Euro Headwinds Re-Emerge Amid Italian Political Turmoil
- Renewed Euro positivity, largely stemming from the likely return of Nordstream 1 gas flows and a potentially more hawkish ECB, was dealt a blow on Wednesday. Fresh headwinds have emerged relating to developments in Italy and the probable collapse of the current government.
- Despite EURUSD sitting marginally in the red for much of the US session, late weakness saw gradual but consistent selling through the intra-day lows of 1.0174. While there has not been significant follow through, the pair continues to trade with an offered tone around the 1.0160 mark.
- Overnight vols are very high for EURUSD, the highest since the depths of the covid crash, pointing to a potentially turbulent session on Thursday. Initial tech support resides at 1.0120, Tuesday’s intra-day low.
- The late single currency weakness has naturally lent support to the USD index (+0.5%), which has reversed the majority of yesterday’s downtick. With key central bank event risk upcoming, other G10 major currencies held much narrower ranges on Wednesday with USDJPY registering a notable 47 point range, well below the most recent average.
- The Bank of Japan takes focus for the upcoming APAC session. The BoJ will leave policy settings unchanged at its July meeting, however, markets should expect a markup in the Bank’s immediate CPI forecast and a moderation in its immediate GDP growth forecast.
- The ECB decision will be the focus for global markets on Thursday: markets pulled back 50bp hike pricing slightly as Italian political noise developed, but show about a 60/40% split between 25bp/50bp.
- Jobless Claims and Philly Fed Manufacturing data highlight the US docket.
To read the full story
Sign up now for free trial access to this content.
Please enter your details below.
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.