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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.
COLOMBIA
- The firm bounce in energy prices certainly assisting the move lower in USDCOP on Tuesday. The peso appears to have been benefitting from the most recent breach of the 200-day moving average last week through 4600.
- The pair has narrowed the gap with more significant support at 4500, the year’s lows and a decent pivot point dating back to July last year.
- The more favourable backdrop for EM FX over the past few weeks has been assisting the move but with Petro’s hampered reform pipeline and BanRep potentially coming to the end of the hiking cycle, obvious headwinds linger that could halt the momentum of the rally.
- As noted, March consumer confidence data is due Wednesday, but the focus will be on industrial production & retail sales data, scheduled this Friday. Additionally, the central bank will also be releasing the results of the latest survey of economists.
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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