-
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 AccessEURUSD Holds Firm Despite Stellar US Employment Data
- An above consensus US NFP print of +467k jobs, accompanied by impressive upward revisions to prior month’s figures, was initially supportive for the US Dollar, recouping losses as US treasury yields spiked following the data.
- Despite the initial USD relief rally, the gains were slowly eroded throughout the session with a bounce in global equity indices also hampering the greenback’s progress. As of writing, the US dollar index is up 0.04%, however, if the index were to slip into negative territory this would represent five consecutive declining sessions.
- The dollar’s most apparent weakness is shown by EURUSD that although marginally lower from the NFP release, remains 0.1% higher for Friday after a morning breach of the 2022 highs to 1.1484. Cluster resistance is seen between 1.1484-1.1495 and the single currency’s resilience on Friday may signal the strong potential for further short-term gains.
- With EUR crosses well supported, the relative dollar strength was seen most notably against AUD and NZD both retreating over 0.75%. Both GBP (-0.44%) and CHF (-0.59%) also came under pressure with USDJPY consolidating above the 115.00 mark, up 0.25% for the session.
- Elsewhere, the Canadian dollar also struggled following a much poorer set of employment figures. Despite consolidating, the USDCAD outlook remains bullish. The recent break of the 50-day EMA has opened 1.2843, as a Fibonacci retracement target. First support is at 1.2650, the Jan 27 low.
- With China returning next week, Monday’s calendar looks fairly light for major data. Of note, ECB President Lagarde is due to testify at a virtual hearing before the European Parliament Economic and Monetary Affairs Committee.
- US CPI will headline the week’s data docket, scheduled for release on Thursday.
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.