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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 AccessEurodollar Futures Weekly........>
US EURODLR FUTURES: Eurodollar Futures Weekly Update: Risk-off remained primary
theme of week. Barring Fri's mixed employment data, weak data coupled with
ongoing headline risk from US/China trade and constantly evolving impeachment
inquiry of Pres Trump saw futures surge higher across the strip.
- Rates surged higher on Thursday's large non-mfg ISM miss (52.6 vs. 55.2 est),
but de-risking evaporated on hopes of elusive trade deal w/China after Pres
Trump annc delegation visit next week, equities bounce minutes after Dow took
out 200dma (25851).
- Short end ground higher as chances of two more rate cuts by year end came back
in focus: Oct 30 chances have see sawed around mid 90% to 100% for weeks, while
chances for Dec cut back around 45%. Trade had not really woken up to take
advantage of lead up to current lvls w/many plying sidelines into Fri's NFP.
- For the week: the lead EDZ9 futures gained 0.115 to 98.155 (even after current
session decline of -0.035), while EDH0 through EDU0 gained 0.180-0.190; Reds
(EDZ0-EDU1) +0.195-0.180, Greens (EDZ1-EDU2) +0.175-0.165, Blues (EDZ2-EDU3)
through Golds (EDZ3-EDU4) gained 0.160-0.165.
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.