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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 AccessMNI POLITICAL RISK - Trump Announces Raft Of Key Nominations
BRIEF: EU-Mercosur Deal In Final Negotiations - EC
MNI BRIEF: Limited Economic Impact Of French Crisis - EC
Extension Of Familiar Themes
The greenback has extended its run higher in early Asia-Pac trade, benefitting from risk off sentiment as e-minis dip and regional indices open lower. Commodity prices have also paused their recent run higher which is weighing on high beta currencies.
- JPY has continued to weaken, USD/JPY making fresh multi-year highs. PPI data earlier showed the annual print above estimates, but this was ignored in favour of a continuation of recent themes.
- This brings the pair within range of key downtrendline resistance drawn off the high last printed in December 1975 - a level that crosses at 113.41 Monday - inline with the intraday high.
- Focus Tuesday turns to UK jobs numbers for September and the German ZEW survey. A number of ECB speakers are scheduled, with ECB's Lane, Lagarde all on the docket alongside Fed's Clarida, Bostic and Barkin with liquidity returning to market after bond markets were closed in the US for Columbus day.
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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.