MNI: FED'S BARKIN STILL CONFIDENT UNDERLYING INFLATION FALLING

MNI China Daily Summary: Friday, January 3

MNI China Press Digest Jan 3:RRR Cut Mooted, Yuan, Consumption

MNI BRIEF: Beijing Boosts Consumer Trade-ins To Cellphones

MNI: PBOC Net Drains CNY88.5 Bln via OMO Fri

MNI: PBOC Sets Yuan Parity Lower At 7.1878 Fri; -2.29% Y/Y

US EIA:NAT GAS STORAGE -116 BCF TO 3,413 BCF JAN 03 WK

MNI: US ISM DEC MANUF PURCHASING MANAGERS INDEX 49.3

MNI: UK NOV M4 MONEY SUPPLY +0% M/M, +2.9% Y/Y

MNI EXCLUSIVE: EU-Mercosur Deal Close, But Likely Short-Lived - Officials

AUSTRALIA: 2025 Election Outcome Looking More Uncertain According To Newspoll

© 1982-2025 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

Greenback Improving Ahead of Retail Sales

FOREX
  • The greenback trades better bid ahead of the Thursday NY crossover, putting EUR/USD in range of next support at 1.1770 - the Sep13 low. A break south of here opens the 61.8% Fib at 1.1758. Market turnover is ahead of average, with EUR futures pointing to volumes around 50% ahead of average for this time of day.
  • NZD, JPY are among the only currencies outperforming the greenback at this juncture, with the former trading well after a better-than-expected GDP read. Q2 growth across New Zealand came in over double expectations at 2.9% vs. Exp. 1.1%. This pushed the Y/Y figure to an impressive 17.4%. This puts EUR/NZD within range of the September lows at 1.6533. A break below here marks the lowest rate since March.
  • Scandi FX is underperforming ahead of the Riksbank, Norges Bank rate decisions due next week. USD/SEK eyes the 50-dma at 8.6477.
  • Focus turns to weekly US jobless claims and the August retail sales report. Retail sales are expected to have slipped by 0.7% across the month, a slightly improvement on the July turn out. ECB's Lagarde is due to speak in Paris at 1300BST/0800ET.
Energy BulletsCommodities
Energy BulletsCommodities

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.