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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.
FOREX
- Demand for the USD has been strong in recent weeks amid rising uncertainty over the economic outlook with more and more governments imposing new restrictions/lockdown to limit the downside risk of another wave of infections.
- In addition, the significant contraction in Chinese liquidity in the past year has been been pricing in a higher US Dollar.
- The chart below shows how strongly China 'liquidity' has led EURUSD exchange rate by 6 months in recent years.
- EURUSD keeps testing new lows, after breaking below its 1.1290 support recently (61.8% Fibo retracement of the 1.0640 - 1.2350).
- Next level to watch on the downside stands at 1.1040 (23.6% Fibo).
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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