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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.
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Get the latest on Central Bank Policy and FX & FI Markets to help inform both your strategic and tactical decision-making.
Free AccessGermany missed a technical recession as Q3....>
FOREX: Germany missed a technical recession as Q3 GDP came in at +0.1%QQ vs
forecast -0.1%. EUR/USD had dropped to a slight extended low of $1.0994(61.8%
$1.0879-1.1179) pre data then edged back above $1.1000 as pressure was relieved.
- Sterling again proved election projections are providing main support/buoyancy
as release of disappointing UK Retail Sales failed to produce any major set
back, cable having edged to an extended high of $1.2867 pre release with
pullback finding support around $1.2850. EUR/GBP extended its recent slippage to
Gbp0.8550, holding back around Gbp0.8555 ahead of NY.
- Mild risk aversion continues: JPY, CHF and Gold all trading firmer.
- Earlier, AUD dropped after a double-whammy of bleak Aussie jobs report and
underwhelming Chinese activity indicators.
- Chinese data also inspired risk-off reaction against the existing backdrop of
uncertainty re: U.S.-China trade talks; White House's Navarro downplayed an
earlier WSJ report re: a deadlock over farm purchases.
- Into the NY session, US PPI, Weekly Claims at 1330GMT. Central bank speakers'
docket is densely packed: we will hear from 7 Fed members, incl Powell.
To read the full story
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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.