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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.
USD
- The greenback is gathering topside momentum in recent trade, with the USD index (+0.90%) extending its recovery, rising above yesterday’s high and then 111.86, the 38.2% retracement for the downleg off late September's cycle high.
- The broad dollar strength has seen the Euro dip back below $0.98 and the weakness in equities is heavily weighing on the likes of AUD and NZD, both down roughly 1.5%.
- GBPUSD (-1.71%) is the poorest performer, briefly printing at 1.1114, nearly 400 pips from Wednesday’s peak. Initial firm support is seen at 1.1025, the Sep 30 low.
- Rising at a much slower pace (potentially amid lingering MOF concerns) is USDJPY, however the pair is now inching above Y145 and is narrowing the gap with the post intervention highs at 145.30. The primary uptrend remains intact and sights are on the bull trigger at 145.90, Sep 22 high.
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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