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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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Free AccessGBP/USD Keeps Monday High Under Pressure
- Currency markets are in consolidation mode, with the USD Index trading either side of the 94.00 handle. Best performer so far include GBP, with GBP/USD in close proximity to the Monday high of 1.3640. The single currency is faring more poorly, with EUR/GBP lower for a fourth consecutive session. This narrows the gap with key support at the mid-September lows of 0.8501.
- Following yesterday's downtick in equities, markets have stabilised, alleviating some of the upside pressure on haven currencies including JPY and CHF.
- Front-end vols across DMFX have seen some support, with 1m contracts edging higher across EUR/USD, GBP/USD and USD/JPY as realised vol lurches higher, bleeding directly into implied.
- US ISM Services data takes focus going forward, with Canadian/US trade balance numbers also on the docket. Central bank speakers today include ECB's Lagarde & Holzmann and Fed's Quarles.
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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.