Free Trial

FOREX SUMMARY

FOREX

A busy morning session for FX, with constant USD buying across the board.

USDCHF tested that September double top at 0.9296, printed at 0.9311 high.

Further upside continuation opens to 0.9330 initially (50% retrace).

Further upside traction was seen through the early session with USD testing best levels versus EUR, JPY, CHF, GBP, SEK, SGD, THB, CZK, PLN, and turning bid against CNH, CAD, RUB, TRY, ZAR.

The Kiwi and AUD are the worst performers in G10 against the Greenback, with risk better offered, a continuation post Fed Powell yesterday.

NZD is down 0.79% and AUD 0.76%.

AUD traded through the intraday low, and now eye support at 0.7651 Low Feb 8

Cable has traded in a 100 pips range, and now trades at the bottom of the range close to 1.3800, now at 1.3806 at the time of typing.

Looking ahead, US NFP and AHE.

Speakers sees BoE Haskel and Fed Bostic are scheduled, and this will be the last day before US blackout ahead of the next Fed meeting.

Rating, after market, Moody and DBRS on Spain

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.