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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 dollar index has made fresh three-week highs on Thursday, and is extending further above 1.07 in recent trade as major equity benchmarks slip back into the red.
- Notable declines in EUR and GBP as price action has gained momentum following the breaks of short-term supports at 1.0123 and 1.2004 respectively. Both pairs are now roughly 0.75% lower on the day, extending their declines from last Friday's close.
- Despite the move lower in US yields, greenback strength filtering through to USDJPY, with a close eye on noted resistance at 1.3550/58. Through here would target 135.96, a Fibonacci retracement.
- No US data for the rest of the week should keep any FedSpeak and geopolitical developments in focus.
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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