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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 AccessMNI US MARKETS ANALYSIS - NFP Followed by Ample Fedspeak
MNI US OPEN - Soft NFP Report Should Cement December Cut
MNI China Daily Summary: Friday, December 6
Greenback reverses fortunes to finish on......>
FOREX: Greenback reverses fortunes to finish on top for second session
-After bursting out of the gates Friday on the bumper US jobs figures, Asia-Pac
and European traders seemed happy to take profits on the greenback rally. This
was short-lived, however, with the dollar regaining its poise throughout the US
crossover as US equity markets turned south. This allowed USD/JPY to edge north
of Friday's Y108.64 high, coming into closer proximity to the 50-dma at Y109.03,
a level not traded above since late April.
-Central bank commentary, data releases and news in general were few and far
between Monday, leaving markets contemplating the upcoming semi-annual testimony
from Fed's Powell and EMFX gyrations after the dismissal of the Turkish central
bank President.
-Tuesday's data is again light, with just Italian retail sales, US JOLTs and
Canadian housing starts on the docket. Focus turns to Speeches are also due from
various Fed members including Powell, but the appearances are on bank stress
tests and will not be testimony-related. ECB's Visco, Villeroy and Lane are also
due.
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.