Free Trial

FOREX SUMMARY: A tight range session during...>

FOREX
FOREX: FOREX SUMMARY: A tight range session during our European morning session,
which is not too surprising given that investors and market participants awaits
on this week's main event- the EU Summit. 
-Turnovers in FX are trending 20%-25% of the 5 day averages and mostly in 30-40
pips ranges. 
-The dollar on the margin has seen better selling against all majors and most
versus the Swedish Krona (-0.36%).
-The Scandies are seeing, the SEK attempting to test its best level traded in
July 9.0332 (9.0504 at the time of typing). And break through the latter would
have the SEK trending at levels not sEen since March 2019. 
-EMFX are performing relatively well, mostly due to the better USD selling, with
the ILS up 0.32% on the day. 
-Looking ahead, Boris Johnson will unveil lockdown easing plans.
-Downing Street press conference will be at 11.00BST.
-Also at 11.00BST, EU President Sassoli Briefs Press on Summit. 

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.