Free Trial

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 Access

-Eurozone data was less than favourable.......>

FOREX: -Eurozone data was less than favourable Friday, with poor Italian GDP,
German retail sales and French CPI dampened any near-term recovery. EUR/USD
failed to find any support throughout the session with Autos tariffs a primary
concern ahead of the G20 despite signs of thawing relations between the US and
China. EUR/USD remains within 1% of 2018 lows.
-NZD was comfortably the best performer in G10 as markets continue to ratchet
higher their expectations of a positive outcome from this weekend's G20 trade
talks. NZD/USD is on track to register the first close above the 200-dma since
April, extending the gains from the year's lowest levels to well over 7%.
-Oil-tied FX had another volatile week, with NOK the poorest performer Friday as
Russia quashed any expectations of a near-term cut in oil production. USD/NOK
remains uncomfortably close to 18 month highs of Nok8.6383.
-Any fallout from the G20 meetings will take focus from here, however US nonfarm
payrolls, US ISM data, UK PMI numbers, BoC and RBA rate decisions and a
testimony from Fed's Powell will also be carefully watched.

To read the full story

Why Subscribe to


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.