MNI: PBOC To Aim To Drive Inflation Higher- Advisors

MNI: China To Issue More Bonds As Stimulus Targets Consumption

MNI BRIEF: ECB Should Be Close To 2% In Next Quarters -Centeno

MNI: PBOC To Aim To Drive Inflation Higher- Advisors

MNI: China To Issue More Bonds As Stimulus Targets Consumption

MNI BRIEF: China Nov M1 Decline Narrows, M2 Slows

EZ/UK T-Bill Calendar: 8/13/28/50-Week BTF Auction on Monday

EZ/UK Bond Supply Calendar: 4.125% Jul-29 Gilt Due on Tuesday

MNI: CANADA OCT WHOLESALE SALES +3.3%; EX-AUTOS +0.5%

MNI EXCLUSIVE: EU-Mercosur Deal Close, But Likely Short-Lived - Officials

AUSTRALIA: 2025 Election Outcome Looking More Uncertain According To Newspoll

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

FOREX SUMMARY

FOREX

Further USD selling continuation during the US morning session.

  • EURUSD tested MNI tech resistance at 1.2273 High Dec 17 and the bull trigger, printed 1.2275 high.
  • The pair has since faded back lower with better USD buying emerging, after Equities fell from their high of the session.
  • AUDUSD extended gains, through high of the session
  • US stimulus and Brexit, is benefiting riskier and risk tied assets.
  • While AUD trades on the front foot on the weaker Dollar, it is trading through the lowest levels versus the NZD since the 17th of Dec.
  • Looking ahead, expect to see more Month End related price action as liquidity dissipates.
  • Citi FX: Dec month-end points to moderate USD sales into the final month-end fix of the year
  • Barcap FX: The passive rebalancing model points to strong USD selling versus majors at month-end. The signal is moderate against the EUR
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.