MNI BRIEF: China Visitor Mobile Payments Surge in H1

MNI China Daily Summary: Friday, July 26

MNI BRIEF: Foreign Firms Content In China

MNI BRIEF: Turkish Inflation Expectations Steady- TEBA

MNI China Press Digest July 26: Deposit Rates, Fiscal, PBOC

MNI: PBOC Net Injects CNY299.05 Bln via OMO Fri

MNI: BAKER HUGHES US RIG COUNT 589; OIL RIGS 482; GAS RIGS 101

MNI: UNIV OF MICHIGAN CONSUMER SENTIMENT FINAL JUL INDEX 66.4

EZ/UK Bond Supply Calendar: BoE Short APF Operation on Monday

RPT-MNI: Canada Sticks To Fiscal Anchors, Spends Chunk Of Windfall

© 1982-2024 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

FOREX SUMMARY

FOREX

FX afternoon session saw further small downside continuation for the British pound, down over 1% against the USD and JPY.

  • At some point this afternoon GBPUSD printed a 1.3141 low, but is off its worst level, now 1.3164, at the time of typing.
  • EURGBP is through resistance at 0.8987 50-day EMA,but lacked further traction and is now trading at 0.8979.
  • USDCHF made an attempt towards Friday's high 0.9163, printed 0.9159, following the better bid in Equities throughout the session.
  • Equities are underpinned going into the ECB this week, on the hope of more stimulus.
  • EMFX struggled against the USD today, with the Rand leading losses in EMEA, down 0.78% on the day.
  • Some local interest was noted this morning, but turnovers are below averages, given the US Labour day.
  • Looking ahead, President Trump will hold a presser at 13.00ET
Energy BulletsCommodities
Energy BulletsCommodities

To read the full story

Close

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.